QRG Capital Management Inc. Has $115.06 Million Stock Position in Caterpillar Inc. $CAT

Key Points

• QRG Capital Management increased its Caterpillar stake by 12.6% in the second quarter, owning 108,049 shares valued at approximately $115.06 million. Caterpillar represents about 1% of QRG’s portfolio, while institutional investors own 70.98% of the stock.
• Caterpillar reported strong quarterly results, with revenue up 23.7% to $20.54 billion and earnings of $8.17 per share, beating analyst estimates. The company also ended the quarter with a record $72 billion backlog, supporting its growth outlook.
• The company raised its quarterly dividend to $1.63 per share, equal to a $6.52 annualized payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52, though elevated valuation makes future margin improvement important.

QRG Capital Management Inc. lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,049 shares of the industrial products company's stock after buying an additional 12,132 shares during the period. Caterpillar comprises approximately 1.0% of QRG Capital Management Inc.'s holdings, making the stock its 17th largest holding. QRG Capital Management Inc.'s holdings in Caterpillar were worth $115,062,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lam Group Inc. acquired a new position in Caterpillar in the first quarter worth $26,000. Torren Management LLC bought a new position in shares of Caterpillar in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC lifted its position in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock worth $28,000 after buying an additional 33 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in Caterpillar during the 4th quarter worth about $32,000. Finally, Matrix Trust Co grew its holdings in 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 last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

CAT stock opened at $856.82 on Friday. Caterpillar Inc. has a twelve month low of $405.46 and a twelve month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company has a market cap of $393.85 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The business's fifty day moving average is $915.09 and its 200-day moving average is $826.53.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $20.54 billion during 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%.Caterpillar's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.72 EPS. Equities research analysts forecast that Caterpillar Inc. will post 26.56 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, July 20th. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar ended the second quarter with a record $72 billion backlog, signaling sustained demand for heavy equipment and supporting the company’s upgraded 2026 sales outlook. Growth is reportedly broad-based across major business segments. CAT Ends Q2 With Record Backlog: Is Demand Momentum Here to Stay?
• Positive Sentiment: Zacks Research upgraded CAT from “hold” to “strong-buy,” adding to the favorable analyst sentiment surrounding the shares. The company’s average brokerage recommendation is also equivalent to “buy.” Zacks Research rating
• Positive Sentiment: The company’s latest quarterly results provide fundamental support: Caterpillar reported revenue of $20.54 billion, up 23.7% year over year, and earnings of $8.17 per share, well above consensus expectations.
• Neutral Sentiment: Analysts remain cautiously optimistic. Caterpillar has outperformed the broader market over the past year, but consensus views already anticipate that the recent revenue boom will moderate. Do Wall Street Analysts Like Caterpillar Stock?
• Negative Sentiment: One analysis argues that Caterpillar’s elevated valuation will depend increasingly on margin improvement rather than continued backlog growth. If revenue growth fades without stronger profitability, the stock’s valuation could remain difficult to justify. Caterpillar’s Falling Multiple Rests On Margin, Not Its Backlog
• Negative Sentiment: The bullish brokerage consensus may be less informative because sell-side analysts often issue overly optimistic recommendations. Investors may therefore focus more on execution, margins and backlog conversion than on the average rating alone. Brokers Suggest Investing in Caterpillar

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 note on Thursday, August 6th. Rothschild & Co Redburn raised their price target on shares of Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. Truist Financial set a $980.00 price objective on Caterpillar in a report on Wednesday, August 5th. Finally, Daiwa Securities Group lifted their target price on Caterpillar from $790.00 to $900.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $995.52.

Caterpillar 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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