Minneapolis Portfolio Management Group LLC Has $42.07 Million Stock Position in Caterpillar Inc. $CAT

Key Points

• Minneapolis Portfolio Management Group reduced its Caterpillar position by 20.6% in the second quarter, selling 10,248 shares and retaining 39,506 shares valued at $42.07 million. Caterpillar represents about 4% of the firm’s portfolio, while institutional investors collectively own 70.98% of CAT.
• Caterpillar delivered a strong quarterly performance: earnings per share of $8.17 exceeded estimates of $6.22, revenue rose 23.7% year over year to $20.54 billion, and the company increased its quarterly dividend to $1.63.
• Analyst sentiment remains positive but risks persist. The stock has a “Moderate Buy” consensus rating with an average price target of $995.52, while elevated valuation, expected volatility, tariff costs and weaker industrial production could pressure shares.

Minneapolis Portfolio Management Group LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 20.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 39,506 shares of the industrial products company's stock after selling 10,248 shares during the period. Caterpillar makes up approximately 4.0% of Minneapolis Portfolio Management Group LLC's holdings, making the stock its 10th largest position. Minneapolis Portfolio Management Group LLC's holdings in Caterpillar were worth $42,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Vanguard Group Inc. boosted its holdings in Caterpillar by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock worth $26,572,681,000 after acquiring an additional 442,164 shares in the last quarter. State Street Corp increased its holdings in shares of Caterpillar by 1.1% during the fourth quarter. State Street Corp now owns 35,388,550 shares of the industrial products company's stock valued at $20,273,039,000 after acquiring an additional 385,204 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company's stock worth $6,072,572,000 after purchasing an additional 94,524 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Caterpillar by 0.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company's stock worth $5,438,408,000 after purchasing an additional 54,069 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Caterpillar by 16.0% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised longer-term earnings forecasts. Zacks Research lifted its FY2026 EPS estimate to $26.55 from $24.51, FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. It also increased several quarterly estimates and maintained a “Strong-Buy” rating, signaling confidence in Caterpillar’s earnings trajectory. Zacks Research Caterpillar estimates
• Positive Sentiment: A supportive market backdrop could help CAT. Seasonal strength, solid second-quarter earnings growth, expectations for a cautious Federal Reserve and continued technology investment are cited as reasons the S&P 500 could advance into year-end, potentially supporting cyclical industrial stocks such as Caterpillar. Five reasons the S&P 500 could keep rallying
• Neutral Sentiment: Caterpillar received a $392 million tariff refund. The payment provides a near-term cash benefit, but the company still incurred approximately $400 million in tariff expenses during the quarter ended June 30, limiting the overall relief. Caterpillar tariff refund
• Neutral Sentiment: CAT is priced for substantial volatility. Options markets indicate investors expect the stock to make a large move in either direction, reflecting uncertainty rather than a clear bullish or bearish catalyst. Caterpillar stock volatility outlook
• Neutral Sentiment: Industry performance is tracking end-market conditions. A comparison of Caterpillar, Deere and PACCAR suggests heavy-machinery stocks have diverged based largely on the health of construction, agriculture and trucking markets; the article provides sector context but no new CAT-specific fundamental catalyst. Heavy machinery stock comparison
• Negative Sentiment: Weak July U.S. industrial production raised demand concerns. Softer output data challenges confidence that Caterpillar’s record backlog and broad end-market exposure can remain resilient if industrial activity cools. CAT was also among the Dow’s weaker performers as investors reduced exposure to companies viewed as vulnerable to the fading AI-related trade. Weaker U.S. industrial output and Caterpillar

Caterpillar Trading Down 0.3%

Shares of CAT stock opened at $813.62 on Friday. 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 Inc. has a 12-month low of $410.52 and a 12-month high of $1,073.46. The stock has a market capitalization of $374.00 billion, a P/E ratio of 35.01, a P/E/G ratio of 1.43 and a beta of 1.60. The firm's 50 day moving average is $910.49 and its 200 day moving average is $833.16.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company's revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.72 EPS. Research analysts expect that Caterpillar Inc. will post 27.14 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. This is a boost from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar's dividend payout ratio (DPR) is currently 28.06%.

Analysts Set New Price Targets

Several brokerages have issued reports on CAT. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Zacks Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Barclays boosted their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Truist Financial set a $980.00 target price on Caterpillar in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

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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