Northwestern Mutual Wealth Management Co. Has $192.66 Million Stake in Caterpillar Inc. $CAT

Key Points

• Northwestern Mutual Wealth Management increased its Caterpillar stake by 2.3% in the second quarter, owning 180,921 shares valued at approximately $192.66 million. Institutional investors collectively hold 70.98% of CAT’s outstanding stock.
• Analysts maintain a generally positive outlook, with Caterpillar receiving a consensus “Moderate Buy” rating and an average price target of $995.52. Recent targets ranged from $882 to $980, while Zacks upgraded the stock to “Strong Buy.”
• Caterpillar’s latest quarterly results exceeded expectations, with EPS of $8.17 and revenue of $20.54 billion, up 23.7% year over year. However, the stock’s elevated valuation, recent CEO share sale and sensitivity to higher interest rates remain risks.

Northwestern Mutual Wealth Management Co. grew its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,921 shares of the industrial products company's stock after acquiring an additional 4,005 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Caterpillar were worth $192,662,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Caterpillar during the second quarter worth $40,457,153,000. State Street Corp lifted its position in shares of Caterpillar by 1.1% in the fourth quarter. State Street Corp now owns 35,388,550 shares of the industrial products company's stock worth $20,273,039,000 after buying an additional 385,204 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 0.9% during 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 acquiring an additional 94,524 shares in the last quarter. 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 valued at $5,438,408,000 after acquiring an additional 54,069 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Caterpillar by 16.0% in 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 acquiring an additional 928,974 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

CAT has been the topic of several analyst reports. Truist Financial set a $980.00 price target on Caterpillar in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Erste Group Bank lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. Finally, DA Davidson boosted their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings estimates across multiple periods. Zacks Research increased its forecasts for Q3 2026, FY2026, FY2027, Q1–Q4 2027, Q2 2028 and FY2028. Its FY2027 estimate rose to $31.43 per share from $30.14, while its FY2028 forecast increased to $36.64 from $35.97. Zacks maintained a “Strong Buy” rating. MarketBeat Caterpillar analyst estimates
• Positive Sentiment: AI and automation remain a growth catalyst. Caterpillar’s collaboration with FieldAI is intended to advance physical AI, autonomous equipment and robotics, potentially improving customer safety and efficiency while creating new technology-driven revenue opportunities. Caterpillar FieldAI partnership
• Positive Sentiment: Industrial and manufacturing trends support demand. Lean inventories and continued U.S. production growth are cited as reasons Caterpillar remains attractive among industrial stocks. Piper Sandler also identifies Caterpillar as a potential beneficiary of a rotation from high-priced AI leaders toward industrial companies. U.S. manufacturing growth stocks
• Neutral Sentiment: CAT has significantly outperformed over the past year. Coverage highlights a record backlog, strong earnings and an improved 2026 outlook, but compares Caterpillar’s performance with other industrial-product companies rather than providing a new company-specific catalyst. Caterpillar buy sell or hold analysis
• Negative Sentiment: Valuation and interest-rate risks remain concerns. CAT trades at a high earnings multiple after its substantial rally. Piper Sandler cautions that a move in the 10-year Treasury yield above roughly 4.80% could challenge the industrial-rotation thesis and pressure rate-sensitive valuations. Piper Sandler industrial stocks and Treasury yields

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Down 0.7%

Shares of CAT opened at $816.41 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The company has a 50-day simple moving average of $859.73 and a 200-day simple moving average of $840.13. Caterpillar Inc. has a 52 week low of $419.50 and a 52 week high of $1,073.46. The firm has a market capitalization of $375.28 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.43 and a beta of 1.60.

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, beating 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 during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the prior year, the firm posted $4.72 EPS. The company's revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Caterpillar Inc. will post 27.37 earnings per share for the current year.

Caterpillar 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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