Nykredit A S Takes $162.62 Million Position in Caterpillar Inc. $CAT

Key Points

• Nykredit A/S acquired 152,708 Caterpillar shares in the second quarter, valued at approximately $162.6 million. Institutional investors and hedge funds 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 estimates; revenue rose 23.7% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $994.17, though CEO Joseph Creed sold approximately $26.2 million worth of shares in August.

Nykredit A S purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 152,708 shares of the industrial products company's stock, valued at approximately $162,619,000.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. BlackRock Inc. acquired a new stake in Caterpillar in the second quarter valued at $40,457,153,000. Geode Capital Management LLC grew 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 purchasing an additional 94,524 shares during the period. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $5,438,408,000 after purchasing an additional 54,069 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Caterpillar in the second quarter valued at about $5,818,150,000. Finally, Diamant Asset Management Inc. boosted its holdings in Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock worth $2,224,992,000 after buying an additional 3,136,020 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of several recent analyst reports. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a research report on Thursday, September 10th. Wells Fargo & Company boosted their price target on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 23rd. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their target price on Caterpillar from $877.00 to $897.00 and gave the stock 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 issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and an average price target of $994.17.

Caterpillar Stock Performance

NYSE CAT opened at $799.38 on Friday. Caterpillar Inc. has a fifty-two week low of $448.86 and a fifty-two week high of $1,073.46. The stock has a market cap of $367.45 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. The business has a fifty day moving average of $840.59 and a 200-day moving average of $841.73. 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 posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.72 earnings per share. As a group, analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Broad-market support: Caterpillar was among the industrial stocks benefiting from a rally in the Dow, providing a favorable backdrop for CAT and other economically sensitive companies. Dow's 200-point rally highlighted by gains for shares of Caterpillar and Cisco
• Positive Sentiment: Positive industry outlook: Zacks identified the construction and mining equipment industry as promising, highlighting CAT as a stock worth watching. Improving construction, infrastructure and mining activity could support future equipment demand. Three stocks to watch in the construction and mining equipment industry
• Positive Sentiment: New machine launches in India: Caterpillar unveiled the Cat 355 excavator, D5 dozer and 120 GC motor grader at Bauma CONEXPO India 2026. The launches expand its regional product offering and could strengthen its position in India’s infrastructure and construction markets. Caterpillar launches three machines in India
• Positive Sentiment: Automation growth opportunity: CAT is expanding its autonomous hauling partnership with Luck Stone to two Virginia quarries, including the first quarry deployment of autonomous Cat 775 trucks. The program has already hauled 3.5 million tons at Bull Run since late 2024, supporting potential gains in safety, productivity and recurring technology demand. Caterpillar quarry automation expansion
• Neutral Sentiment: Analyst sentiment remains favorable: Caterpillar’s average brokerage recommendation is bullish, although analyst ratings can be optimistic and do not guarantee additional gains. Investors may also weigh CAT’s elevated valuation and cyclical exposure. Caterpillar Wall Street views

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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