Global Assets Advisory LLC Boosts Holdings in Caterpillar Inc. $CAT

Key Points

• Global Assets Advisory increased its Caterpillar stake by 156.9% in the second quarter, bringing its holdings to 2,618 shares valued at approximately $2.61 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with earnings of $8.17 per share and revenue of $20.54 billion, exceeding analyst expectations; revenue rose 23.7% year over year.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $995.52. Caterpillar also raised its quarterly dividend to $1.63 per share, representing a 0.8% yield.

Global Assets Advisory LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 156.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,618 shares of the industrial products company's stock after buying an additional 1,599 shares during the quarter. Global Assets Advisory LLC's holdings in Caterpillar were worth $2,606,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Diamant Asset Management Inc. grew its position in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the period. Capital International Investors bought a new position in Caterpillar in the 4th quarter worth $1,225,317,000. Northwestern Mutual Wealth Management Co. lifted its position in Caterpillar by 573.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock valued at $861,947,000 after purchasing an additional 1,281,087 shares in the last quarter. Bank of America Corp DE lifted its position in Caterpillar by 16.0% during the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock valued at $3,860,457,000 after purchasing an additional 928,974 shares in the last quarter. Finally, Cynosure Group LLC grew its holdings in Caterpillar by 8,359.6% during the fourth quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock valued at $294,314,000 after purchasing an additional 507,681 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CAT shares. Bank of America raised their price objective on Caterpillar from $930.00 to $989.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Erste Group Bank downgraded Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Daiwa Securities Group increased their target price on shares of Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Barclays upped their price target on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $995.52.

Caterpillar Stock Performance

NYSE:CAT opened at $814.68 on Thursday. The stock has a 50-day moving average price of $912.19 and a 200 day moving average price of $832.06. The stock has a market capitalization of $374.49 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.48 and a beta of 1.60. Caterpillar Inc. has a 12-month low of $410.52 and a 12-month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same period in the previous year, the firm earned $4.72 EPS. The firm's revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 26.98 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a dividend of $1.63 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is currently 28.06%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings forecasts. Zacks Research increased its EPS projections across several periods, including FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. The firm maintained a “Strong-Buy” rating, signaling improved confidence in Caterpillar’s long-term earnings outlook. Zacks Research estimates
• Positive Sentiment: Growth momentum remains a supporting factor. A Zacks analysis said volume-driven growth is accelerating across Caterpillar’s three segments and prompted a sharp increase in its 2026 sales outlook. The company also announced a $3 million workforce investment in Arkansas, supporting local hiring and operations. Caterpillar volume gains analysis Caterpillar workforce initiative
• Neutral Sentiment: Recent gains may be prompting profit-taking. Commentary highlighted that CAT has risen sharply over the past year, increasing attention to valuation and how much future growth is already reflected in the stock. CAT stock performance analysis
• Negative Sentiment: Weak industrial data raised demand concerns. U.S. industrial production was weaker than expected in July, prompting investors to question whether Caterpillar’s record backlog can withstand a slowdown in industrial activity and equipment demand. Weaker U.S. industrial output analysis
• Negative Sentiment: Market-wide selling pressured CAT. Caterpillar and Goldman Sachs were cited as major drags on the Dow amid a pullback in AI-related and technology-linked trades. This appears to reflect broader risk reduction and sector rotation rather than a new company-specific operational setback. Dow market pressure

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

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