NEOS Investment Management LLC Boosts Stake in Caterpillar Inc. $CAT

Key Points

• NEOS Investment Management increased its Caterpillar stake by 11.6% in the second quarter, bringing its holdings to 75,223 shares valued at approximately $80.1 million. Institutional investors collectively own about 71% of CAT.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share versus the $6.22 consensus estimate and revenue up 23.7% year over year to $20.54 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $994.17, though elevated valuation, mixed estimates and significant insider selling could limit further gains.

NEOS Investment Management LLC grew its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,223 shares of the industrial products company's stock after purchasing an additional 7,840 shares during the quarter. NEOS Investment Management LLC's holdings in Caterpillar were worth $80,105,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CAT. Decker Retirement Planning Inc. boosted its stake in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after acquiring an additional 15 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $36,000. Lam Group Inc. purchased a new stake in shares of Caterpillar in the first quarter valued at about $26,000. Finally, Tacita Capital Inc acquired a new stake in Caterpillar during the second quarter worth about $47,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Broad-market strength supported CAT. Caterpillar was among the companies helping lead a roughly 550-point advance in the Dow, providing a favorable backdrop for industrial stocks. Cisco, Caterpillar share gains lead Dow's 550-point rally
• Positive Sentiment: CAT remains a top-performing industrial stock. Shares are up more than 40% this year, reflecting investor enthusiasm for construction, infrastructure and equipment demand. The strong rally also raises the possibility of profit-taking. Deere and Caterpillar Are Both Up Over 40% This Year
• Positive Sentiment: AI infrastructure is emerging as a growth catalyst. Reports highlight Caterpillar’s equipment orders extending toward 2030 and demand tied to data-center and infrastructure construction, broadening the company’s exposure beyond traditional industrial markets. CAT Could Be the Best AI Infrastructure Stock You’re Overlooking
• Positive Sentiment: Analyst estimates and ratings were generally supportive. Freedom Broker upgraded CAT to “buy” with a $980 price target, while Zacks raised its fourth-quarter 2026 EPS estimate to $6.73. Erste Group also modestly increased its fiscal 2027 EPS forecast to $32.28. The Lafayette City Council additionally approved incentives for an $890 million Caterpillar expansion, signaling continued investment capacity. Caterpillar upgraded by Freedom Broker
• Neutral Sentiment: Insider selling is a risk investors are monitoring. Caterpillar executives, including CEO Joseph Creed, have made substantial sales in recent months, although insider transactions may reflect diversification rather than a direct view on the company’s operating outlook. Caterpillar Inc. Stock Opinions on AI Partnership and Executive Stock Sale
• Negative Sentiment: Valuation and mixed estimates could limit further gains. CAT recently underperformed the broader market in a declining session, and Zacks trimmed its Q1 2028 EPS estimate to $7.87 from $7.94. With the stock trading well above its longer-term averages and at a premium valuation, investors may lock in profits if growth expectations moderate. Top Wide-Moat Stocks to Buy for Long-Term Wealth and Stability

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. DA Davidson boosted their target price on shares of Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Wells Fargo & Company raised their price target on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a report on Tuesday, June 23rd. Truist Financial set a $980.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Oppenheimer reiterated an "outperform" rating and issued a $1,118.00 price objective on shares of Caterpillar in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada lifted their target price on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and an average price target of $994.17.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $818.48 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The company has a market cap of $376.23 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.60. The stock's 50-day moving average is $853.58 and its two-hundred day moving average is $840.30. Caterpillar Inc. has a 1-year low of $427.75 and a 1-year high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last issued its 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. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter last year, the company earned $4.72 earnings per share. The firm's revenue was up 23.7% compared to the same quarter last year. Analysts forecast that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

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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