Raiffeisen Bank International AG Grows Position in Caterpillar Inc. $CAT

Key Points

• Raiffeisen Bank International AG increased its Caterpillar stake by 227.6% in the second quarter, bringing its holdings to 39,500 shares valued at approximately $40.8 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 exceeding estimates of $6.22 and revenue rising 23.7% year over year to $20.54 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $994.17.
• Valuation and insider selling remain risks: CEO Joseph Creed sold 32,401 shares, while CAT trades at a P/E ratio of 35.22 after gaining more than 40% this year, potentially limiting further upside if growth expectations weaken.

Raiffeisen Bank International AG raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 227.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,500 shares of the industrial products company's stock after acquiring an additional 27,444 shares during the quarter. Raiffeisen Bank International AG's holdings in Caterpillar were worth $40,833,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CAT. BlackRock Inc. acquired a new position in Caterpillar in the 2nd quarter valued at about $40,457,153,000. Bank of America Corp DE acquired a new stake in shares of Caterpillar during the 2nd quarter worth about $5,818,150,000. Diamant Asset Management Inc. lifted its stake in shares of 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 valued at $2,224,992,000 after buying an additional 3,136,020 shares during the period. Bank of New York Mellon Corp acquired a new stake in Caterpillar during the second quarter worth approximately $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in Caterpillar during the second quarter worth approximately $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company's stock.

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

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Oppenheimer reiterated an "outperform" rating and issued a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Royal Bank Of Canada raised their price objective on Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Needham & Company LLC set a $980.00 price objective on Caterpillar in a research report on Thursday. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Finally, Erste Group Bank lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $994.17.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction dated Friday, August 28th. The stock was 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. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Up 1.7%

Shares of CAT opened at $818.48 on Friday. Caterpillar Inc. has a fifty-two week low of $427.75 and a fifty-two week high of $1,073.46. The company's fifty day moving average is $853.58 and its two-hundred day moving average is $840.30. The firm has a market cap of $376.23 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60. 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 released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $4.72 EPS. Analysts forecast that Caterpillar Inc. will post 27.37 earnings per share for the current 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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