TD Waterhouse Canada Inc. Increases Stock Position in Caterpillar Inc. $CAT

Key Points

• TD Waterhouse Canada increased its Caterpillar position by 8.6% in the second quarter, owning 194,396 shares valued at approximately $192.9 million. Institutional investors collectively hold 70.98% of CAT’s outstanding stock.
• Caterpillar reported a strong quarter, with EPS of $8.17 beating estimates of $6.22 and revenue rising 23.7% year over year to $20.54 billion. Analysts have raised earnings forecasts, while the company increased its quarterly dividend to $1.63 per share.
• Despite a “Moderate Buy” consensus and an average price target of $995.52, CAT recently traded down 3.1% amid valuation concerns, weaker U.S. industrial data and broader market selling pressure.

TD Waterhouse Canada Inc. boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,396 shares of the industrial products company's stock after acquiring an additional 15,342 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Caterpillar were worth $192,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CAT. Decker Retirement Planning Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 22 shares in the last quarter. Matrix Trust Co increased its holdings in Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after buying an additional 15 shares in the last quarter. Lam Group Inc. purchased a new position in Caterpillar in the 1st quarter worth about $26,000. Ramsey Quantitative Systems bought a new position in Caterpillar during the 2nd quarter valued at about $48,000. Finally, Torren Management LLC bought a new position in Caterpillar during the 4th quarter valued at about $27,000. Institutional investors own 70.98% of the company's stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings forecasts. Zacks Research increased its EPS projections across several periods, including FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. The firm maintained a “Strong-Buy” rating, signaling improved confidence in Caterpillar’s long-term earnings outlook. Zacks Research estimates
• Positive Sentiment: Growth momentum remains a supporting factor. A Zacks analysis said volume-driven growth is accelerating across Caterpillar’s three segments and prompted a sharp increase in its 2026 sales outlook. The company also announced a $3 million workforce investment in Arkansas, supporting local hiring and operations. Caterpillar volume gains analysis Caterpillar workforce initiative
• Neutral Sentiment: Recent gains may be prompting profit-taking. Commentary highlighted that CAT has risen sharply over the past year, increasing attention to valuation and how much future growth is already reflected in the stock. CAT stock performance analysis
• Negative Sentiment: Weak industrial data raised demand concerns. U.S. industrial production was weaker than expected in July, prompting investors to question whether Caterpillar’s record backlog can withstand a slowdown in industrial activity and equipment demand. Weaker U.S. industrial output analysis
• Negative Sentiment: Market-wide selling pressured CAT. Caterpillar and Goldman Sachs were cited as major drags on the Dow amid a pullback in AI-related and technology-linked trades. This appears to reflect broader risk reduction and sector rotation rather than a new company-specific operational setback. Dow market pressure

Caterpillar Stock Down 3.1%

CAT opened at $814.68 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. Caterpillar Inc. has a fifty-two week low of $410.52 and a fifty-two week high of $1,073.46. The firm's fifty day moving average is $912.19 and its 200 day moving average is $832.06. The stock has a market cap of $374.49 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.60.

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 analysts' consensus estimates of $6.22 by $1.95. The business 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%.Caterpillar's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 EPS. On average, sell-side analysts forecast that Caterpillar Inc. will post 26.98 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is 28.06%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citigroup lifted their price target on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. DA Davidson raised their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Argus boosted their target price on shares of Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and a consensus target price of $995.52.

About Caterpillar

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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