Sequoia Financial Advisors LLC Has $200.49 Million Stock Holdings in Caterpillar Inc. $CAT

Key Points

• Sequoia Financial Advisors increased its Caterpillar position by 5.3% in the second quarter, owning 188,272 shares valued at approximately $200.49 million. Institutional investors hold 70.98% of CAT’s outstanding shares.
• Caterpillar reported strong quarterly results, with EPS of $8.17 beating estimates by $1.95 and revenue rising 23.7% year over year to $20.54 billion. The company also has a reported $72 billion order book, offering visibility if industrial demand remains healthy.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $994.17, although CEO Joseph Creed recently sold 32,401 shares and the stock’s elevated valuation leaves it vulnerable to slowing construction demand or weaker AI-related spending.

Sequoia Financial Advisors LLC raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 188,272 shares of the industrial products company's stock after acquiring an additional 9,512 shares during the period. Caterpillar comprises 1.0% of Sequoia Financial Advisors LLC's portfolio, making the stock its 21st biggest position. Sequoia Financial Advisors LLC's holdings in Caterpillar were worth $200,490,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Caterpillar in the second quarter valued at $40,457,153,000. Geode Capital Management LLC grew its holdings in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company's stock valued at $6,072,572,000 after acquiring an additional 94,524 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Caterpillar by 0.6% in the fourth 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 acquiring an additional 54,069 shares during the last quarter. Bank of America Corp DE bought a new stake in Caterpillar during the second quarter worth about $5,818,150,000. Finally, Diamant Asset Management Inc. boosted its position 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 valued at $2,224,992,000 after purchasing an additional 3,136,020 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CAT shares. Oppenheimer reaffirmed an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Barclays raised their target price on shares of Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Robert W. Baird set a $970.00 price target on Caterpillar in a research report on Wednesday, August 5th. Finally, Needham & Company LLC set a $980.00 price objective on Caterpillar in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $994.17.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue?
• Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models
• Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th
• Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth.
• Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher

Caterpillar Trading Down 0.2%

Shares of CAT stock opened at $782.57 on Wednesday. Caterpillar Inc. has a 12-month low of $434.28 and a 12-month high of $1,073.46. The company has a market capitalization of $359.73 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. The firm has a 50 day moving average price of $846.69 and a two-hundred day moving average price of $841.12. 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 earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for 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 firm's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.72 earnings per share. As a group, analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current year.

Caterpillar 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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