Resona Asset Management Co. Ltd. Sells 13,022 Shares of Caterpillar Inc. $CAT

Key Points

• Resona Asset Management reduced its Caterpillar stake by 8.5%, selling 13,022 shares and retaining 140,484 shares valued at approximately $148.6 million. Institutional investors collectively own 70.98% of Caterpillar.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share and revenue of $20.54 billion, exceeding analyst expectations; revenue rose 23.7% year over year. The company also increased its quarterly dividend to $1.63 per share.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $995.52, although volatility, potential AI data-center delays and tariff-related uncertainties pose risks to the outlook.

Resona Asset Management Co. Ltd. trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,484 shares of the industrial products company's stock after selling 13,022 shares during the period. Caterpillar makes up about 0.7% of Resona Asset Management Co. Ltd.'s investment portfolio, making the stock its 23rd biggest position. Resona Asset Management Co. Ltd.'s holdings in Caterpillar were worth $148,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Lam Group Inc. acquired a new position in Caterpillar during the 1st quarter worth $26,000. Torren Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $27,000. Frazier Financial Advisors LLC increased its stake in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after buying an additional 33 shares during the period. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after acquiring an additional 22 shares during the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Trading Up 1.7%

Shares of NYSE CAT opened at $828.90 on Friday. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The stock has a market cap of $381.02 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 1.45 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. The company's fifty day moving average is $908.86 and its 200-day moving average is $833.13.

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, beating analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.72 EPS. Equities research analysts predict that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. This is an increase from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar's payout ratio is 28.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher full-year earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $26.55 from $24.51 and its Q2 2027 estimate to $7.90 from $7.17. Zacks maintained a “Strong Buy” rating, signaling confidence in Caterpillar’s earnings trajectory. Zacks Research Forecasts Stronger Earnings for Caterpillar
• Positive Sentiment: $392 million tariff refund: Caterpillar received a significant refund as duty costs declined. The benefit partially offsets approximately $400 million in tariff expenses incurred during the quarter ended June 30 and could support near-term profitability and cash flow. Caterpillar bags $392M tariff refund as duty costs shrink
• Positive Sentiment: Constructive market backdrop: Expectations for continued S&P 500 strength, resilient earnings growth and potential AI-related capital spending are supportive for industrial companies such as Caterpillar. 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Neutral Sentiment: High volatility remains a trading risk: Options activity indicates Caterpillar’s stock could experience unusually large moves in either direction, increasing uncertainty despite favorable fundamental projections. Caterpillar Stock Is Priced To Swing Hundreds Of Dollars Either Way
• Negative Sentiment: AI data-center backlash: Proposed restrictions and political resistance to AI-related power demand in Texas and New York could delay or reduce data-center construction. That creates a risk for Caterpillar’s power-generation and related equipment demand, prompting investors to reassess the company’s growth outlook. What Is Caterpillar Facing As AI Data Center Backlash Grows?
• Negative Sentiment: Near-term estimate reduction: Zacks lowered its Q4 2026 EPS forecast to $6.47 from $6.61, suggesting some caution around the next quarterly results even though its full-year and longer-term estimates improved. Caterpillar analyst estimates

Analysts Set New Price Targets

Several equities analysts recently issued reports on CAT shares. Oppenheimer reiterated an "outperform" rating and issued a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. Jefferies Financial Group raised their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Argus lifted their price target on shares of Caterpillar from $820.00 to $990.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, Evercore reissued an "outperform" rating and set a $1,103.00 price target on shares of Caterpillar in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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