HighTower Advisors LLC Sells 27,461 Shares of Caterpillar Inc. $CAT

Key Points

• HighTower Advisors reduced its Caterpillar stake by 4.6% in the second quarter, selling 27,461 shares and retaining 564,930 shares valued at approximately $601.6 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 versus the $6.22 consensus and revenue of $20.54 billion, up 23.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $994.17.
• CAT shares opened at $783.61, below their 50-day and 200-day moving averages. CEO Joseph Creed also sold 32,401 shares worth approximately $26.2 million, while recent coverage highlighted both AI-infrastructure growth opportunities and near-term pressure from a possible unwinding of the data-center power trade.

HighTower Advisors LLC lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,930 shares of the industrial products company's stock after selling 27,461 shares during the period. HighTower Advisors LLC owned approximately 0.12% of Caterpillar worth $601,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAT. Kirkwood Financial Services purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $237,000. Tobias Financial Advisors Inc. purchased a new position in Caterpillar in the second quarter worth $258,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Caterpillar in the second quarter worth $47,529,000. California State Teachers Retirement System increased its stake in Caterpillar by 105,696.1% in the second quarter. California State Teachers Retirement System now owns 747,331,911 shares of the industrial products company's stock valued at $795,833,752,000 after acquiring an additional 746,625,522 shares during the last quarter. Finally, Tanager Wealth Management LLP raised its position in Caterpillar by 8.6% during the second quarter. Tanager Wealth Management LLP now owns 553 shares of the industrial products company's stock valued at $589,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

NYSE CAT opened at $783.61 on Tuesday. The company has a 50-day simple moving average of $849.85 and a two-hundred day simple moving average of $841.00. Caterpillar Inc. has a 12-month low of $430.61 and a 12-month high of $1,073.46. The firm has a market cap of $360.20 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.42 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the business earned $4.72 earnings per share. The company's quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Caterpillar Inc. will post 27.37 EPS for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company's stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAT. Truist Financial set a $980.00 price target on Caterpillar in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Finally, Barclays upped their target price on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $994.17.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was added to the Zacks Rank #1 (Strong Buy) list, reflecting favorable momentum and recent analyst sentiment. New Strong Buy Stocks for September 14th
• Positive Sentiment: Zacks also identified CAT as a wide-moat company, citing durable competitive advantages, growth prospects and favorable demand across its markets. Buy These 5 Top-Ranked Wide Moat Stocks
• Positive Sentiment: Caterpillar was highlighted as an AI-exposure and dividend stock, suggesting investors may view its equipment and technology businesses as beneficiaries of data-center and infrastructure spending while receiving shareholder distributions. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: Recent coverage also pointed to an analyst upgrade and higher earnings estimates, while Caterpillar’s partnership with FieldAI could expand its exposure to physical AI, robotics and digital twins. Erste Group Bank Lifts Earnings Estimates for Caterpillar Caterpillar And FieldAI Partner on Physical AI
• Neutral Sentiment: Several articles presented Caterpillar as a long-term investment idea, but these list inclusions do not represent new company-specific operating results or guidance.
• Negative Sentiment: The main near-term pressure came from concerns that the data-center power trade may be unwinding. Caterpillar fell alongside industrial names even as Deere held up better, indicating profit-taking or reduced enthusiasm for CAT’s AI-infrastructure narrative. Caterpillar Falls While Deere Edges Higher

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company's products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.

The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.

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