Talon Private Wealth LLC Sells 2,042 Shares of Caterpillar Inc. $CAT

Key Points

• Talon Private Wealth cut its Caterpillar position by 89% in the second quarter, selling 2,042 shares and retaining 252 shares worth approximately $268,000.
• Institutional investors own about 70.98% of Caterpillar, while analysts maintain a “Moderate Buy” consensus with an average price target of $994.17.
• Caterpillar reported strong quarterly results, with EPS of $8.17 versus the $6.22 estimate and revenue of $20.54 billion, up 23.7% year over year. Separately, CEO Joseph Creed sold 32,401 shares worth about $26.2 million.

Talon Private Wealth LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 89.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252 shares of the industrial products company's stock after selling 2,042 shares during the quarter. Talon Private Wealth LLC's holdings in Caterpillar were worth $268,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Caterpillar during the 2nd quarter valued at $40,457,153,000. Geode Capital Management LLC grew its position in shares of Caterpillar by 0.9% in the fourth 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 purchasing an additional 94,524 shares in the last quarter. Fisher Asset Management LLC grew 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 purchasing an additional 54,069 shares in the last quarter. Bank of America Corp DE purchased a new position in Caterpillar during the 2nd quarter valued at about $5,818,150,000. Finally, Diamant Asset Management Inc. increased its position 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. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAT has been the subject of several recent analyst reports. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Citigroup restated a "buy" rating on shares of Caterpillar in a research report on Monday. Weiss Ratings raised Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Needham & Company LLC set a $980.00 price target on Caterpillar in a report on Thursday, September 10th. Finally, Freedom Broker raised Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective for the company in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $994.17.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction dated Friday, August 28th. The stock was 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 approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Down 0.1%

CAT opened at $782.79 on Thursday. The stock has a market cap of $359.82 billion, a PE ratio of 33.68, a P/E/G ratio of 1.36 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 Inc. has a 52 week low of $443.00 and a 52 week high of $1,073.46. The business's fifty day simple moving average is $843.37 and its 200 day simple moving average is $841.33.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.72 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is expanding autonomous hauling with Luck Stone at two additional Virginia quarries after autonomous Cat trucks moved more than 3.5 million tons at the Bull Run Quarry since November 2024. The deployment could support equipment demand, recurring technology-related revenue, improved safety and productivity, and broader adoption of Caterpillar’s automation solutions. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Analyst coverage remains favorable, with Caterpillar receiving a bullish average brokerage recommendation. Other commentary highlights a roughly $72 billion order book—nearly equal to trailing-twelve-month revenue—as a source of earnings visibility and potential exposure to construction and data-center infrastructure spending. Is It Worth Investing in Caterpillar Based on Wall Street’s Bullish Views?
• Positive Sentiment: The company launched the Cat 355 excavator, D5 dozer and 120 GC motor grader in India, adding refreshed products in a market with long-term infrastructure and construction potential. Caterpillar launches new equipment in India
• Neutral Sentiment: Investors are closely monitoring CAT, with commentary emphasizing its potential combination of industrial earnings, dividends and indirect exposure to AI-related infrastructure spending. However, these reports do not represent new company guidance or a formal change in fundamentals. 3 Stocks That Offer AI Exposure and Dividends
• Negative Sentiment: Valuation remains a concern after CAT’s decline from its 52-week high. Investors are debating whether construction demand could slow and whether data-center-related orders will persist, making the stock vulnerable if backlog conversion or margins disappoint. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Annual Revenue?

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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