NewEdge Advisors LLC Lowers Holdings in Caterpillar Inc. $CAT

Key Points

• NewEdge Advisors reduced its Caterpillar stake by 1.3% in the second quarter, selling 2,849 shares and retaining 212,215 shares valued at approximately $226 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 estimates and representing 23.7% year-over-year revenue growth.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and average price target of $994.17. However, the elevated valuation and concerns about slowing construction demand or weakening AI-related infrastructure spending could increase volatility.

NewEdge Advisors LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,215 shares of the industrial products company's stock after selling 2,849 shares during the quarter. Caterpillar comprises about 0.7% of NewEdge Advisors LLC's holdings, making the stock its 27th largest position. NewEdge Advisors LLC's holdings in Caterpillar were worth $225,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Caterpillar during the second quarter worth approximately $40,457,153,000. Geode Capital Management LLC boosted its holdings 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 valued at $6,072,572,000 after purchasing an additional 94,524 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Caterpillar in the 2nd quarter valued at $5,818,150,000. Fisher Asset Management LLC increased its holdings in shares of Caterpillar by 0.6% during 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 buying an additional 54,069 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar during the 2nd quarter worth $3,192,710,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue?
• Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models
• Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th
• Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth.
• Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher

Analysts Set New Price Targets

A number of brokerages recently weighed in on CAT. Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. Freedom Broker upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective on the stock in a report on Thursday, September 10th. Citigroup reaffirmed a "buy" rating on shares of Caterpillar in a research note on Monday. UBS Group boosted their target price on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $1,002.00 target price on shares of Caterpillar 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 stock. According to MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and an average target price of $994.17.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Trading Down 0.2%

NYSE:CAT opened at $782.57 on Wednesday. The business's 50-day moving average is $846.69 and its two-hundred day moving average is $841.12. The firm has a market capitalization of $359.73 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. Caterpillar Inc. has a 12 month low of $434.28 and a 12 month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

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, 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 company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the business earned $4.72 earnings per share. The company's revenue was up 23.7% compared to the same quarter last year. Research analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

About Caterpillar

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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