RB Capital Management LLC Takes Position in Caterpillar Inc. $CAT

Key Points

• RB Capital Management acquired 9,149 Caterpillar shares worth approximately $9.74 million in the second quarter, making CAT a 1.9% portfolio allocation and its 12th-largest holding.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, exceeding estimates and representing 23.7% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52.
• CEO Joseph E. Creed sold 32,401 shares for approximately $26.2 million, reducing his ownership by 48.39%; meanwhile, CAT trades at roughly 34 times earnings, leaving it exposed to valuation-related profit-taking if growth expectations weaken.

RB Capital Management LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,149 shares of the industrial products company's stock, valued at approximately $9,743,000. Caterpillar makes up 1.9% of RB Capital Management LLC's investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co boosted its position in Caterpillar by 93.8% during the second 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. Axiom Investment Management LLC purchased a new stake in Caterpillar in the 2nd quarter worth approximately $36,000. Lam Group Inc. purchased a new stake in Caterpillar in the 1st quarter worth approximately $26,000. Finally, Tacita Capital Inc acquired a new position in Caterpillar in the 2nd quarter valued at $47,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction 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 represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. UBS Group increased their target price on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Oppenheimer reissued an "outperform" rating and issued a $1,118.00 price target on shares of Caterpillar in a research note on Tuesday, August 4th. Rothschild & Co Redburn upped their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company raised their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $995.52.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $821.25 on Wednesday. The business has a 50-day moving average of $863.27 and a two-hundred day moving average of $839.74. The firm has a market capitalization of $377.50 billion, a PE ratio of 35.34, a P/E/G ratio of 1.41 and a beta of 1.60. 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 Inc. has a 12 month low of $416.44 and a 12 month high of $1,073.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the previous year, the business earned $4.72 EPS. The company's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current year.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s power-generation backlog reportedly reached $72 billion, reinforcing the view that demand from data centers and AI-related infrastructure could make the company less dependent on the traditional construction cycle. Caterpillar's Power Generation Backlog Just Hit $72 Billion
• Positive Sentiment: Recent coverage points to Caterpillar’s record backlog, strong earnings and raised 2026 outlook as key reasons for its roughly 95% one-year gain. The company’s latest reported quarter also exceeded EPS and revenue expectations, supporting investor confidence in its operating momentum. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?
• Positive Sentiment: Chief Digital Officer Ogi Redzic described how AI is changing construction work, highlighting Caterpillar’s efforts to use digital tools and automation to improve equipment productivity and customer operations. This could strengthen the company’s longer-term technology and services opportunity. Caterpillar’s Digital Chief Ogi Redzic on How A.I. Is Redefining Construction Work
• Neutral Sentiment: Industry coverage continues to identify Caterpillar as a leading construction-equipment company, supported by its global dealer network and cash-generation capabilities. However, the equipment showcase itself does not provide a new financial catalyst. Caterpillar vs. Corning: Which Stock Is a Better Buy in 2026?
• Negative Sentiment: At approximately 34 times earnings, Caterpillar trades at a demanding valuation after its major rally. Analysts note that the premium leaves the stock vulnerable to profit-taking or disappointment if backlog conversion, margins or the 2026 outlook weaken. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?

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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