The Manufacturers Life Insurance Company Lowers Position in Caterpillar Inc. $CAT

Key Points

• The Manufacturers Life Insurance Company reduced its Caterpillar position by 2.9% in the second quarter, selling 9,098 shares and retaining 306,110 shares valued at approximately $326 million. Institutional investors collectively own 70.98% of CAT.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $994.17, despite several firms assigning “Hold” or “Market Perform” ratings.
• Caterpillar reported strong quarterly results, earning $8.17 per share versus expectations of $6.22 and generating $20.54 billion in revenue. However, CEO Joseph E. Creed sold 32,401 shares worth about $26.2 million, reducing his ownership by 48.39%.

The Manufacturers Life Insurance Company lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,110 shares of the industrial products company's stock after selling 9,098 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Caterpillar worth $325,977,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Capstone Financial Advisors Inc. raised its stake in Caterpillar by 1.1% in the second quarter. Capstone Financial Advisors Inc. now owns 2,693 shares of the industrial products company's stock valued at $2,868,000 after purchasing an additional 30 shares in the last quarter. Tortoise Investment Management LLC grew its stake in Caterpillar by 4.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 485 shares of the industrial products company's stock worth $517,000 after buying an additional 20 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Caterpillar by 5.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 188,272 shares of the industrial products company's stock worth $200,490,000 after buying an additional 9,512 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Caterpillar by 85.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company's stock valued at $2,991,000 after buying an additional 1,293 shares in the last quarter. Finally, MCF Advisors LLC lifted its holdings in shares of Caterpillar by 69.0% during the 2nd quarter. MCF Advisors LLC now owns 6,733 shares of the industrial products company's stock worth $7,170,000 after acquiring an additional 2,750 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAT has been the subject of several research reports. Royal Bank Of Canada increased their target price on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Barclays upped their price objective on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Truist Financial set a $980.00 price objective on Caterpillar in a research report on Wednesday, August 5th. Citigroup reissued a "buy" rating on shares of Caterpillar in a report on Monday. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $994.17.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Down 0.2%

CAT 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 current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business's 50-day moving average price is $846.69 and its 200-day moving average price is $841.12. The company has a market cap of $359.73 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.36 and a beta of 1.60.

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 for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.Caterpillar's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.72 EPS. On average, equities analysts expect that Caterpillar Inc. will post 27.37 EPS for the current year.

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 Company 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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