Waverly Advisors LLC Sells 9,929 Shares of Caterpillar Inc. $CAT

Waverly Advisors LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,324 shares of the industrial products company's stock after selling 9,929 shares during the period. Waverly Advisors LLC's holdings in Caterpillar were worth $100,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAT. Stonebridge Financial Group LLC boosted its holdings in shares of Caterpillar by 0.7% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company's stock valued at $1,741,000 after purchasing an additional 11 shares in the last quarter. Inspirion Wealth Advisors LLC raised its holdings in shares of Caterpillar by 1.2% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company's stock worth $936,000 after buying an additional 11 shares in the last quarter. Bell Bank lifted its position in shares of Caterpillar by 0.6% during the 2nd quarter. Bell Bank now owns 1,865 shares of the industrial products company's stock worth $1,986,000 after buying an additional 11 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in Caterpillar by 0.7% in the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company's stock valued at $1,288,000 after buying an additional 12 shares in the last quarter. Finally, Advisory Resource Group grew its position in Caterpillar by 0.8% in the fourth quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company's stock valued at $935,000 after acquiring an additional 13 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction 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. This represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Down 4.3%

Shares of CAT opened at $783.61 on Tuesday. The stock's 50-day moving average price is $849.85 and its two-hundred day moving average price is $841.00. Caterpillar Inc. has a 12 month low of $430.61 and a 12 month high of $1,073.46. The company has a market capitalization of $360.20 billion, a PE ratio of 33.72, a PEG ratio of 1.42 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $20.54 billion during 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 was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $4.72 earnings per share. On average, analysts anticipate that Caterpillar Inc. will post 27.37 EPS for the current year.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was added to the Zacks Rank #1 (Strong Buy) list, reflecting favorable momentum and recent analyst sentiment. New Strong Buy Stocks for September 14th
• Positive Sentiment: Zacks also identified CAT as a wide-moat company, citing durable competitive advantages, growth prospects and favorable demand across its markets. Buy These 5 Top-Ranked Wide Moat Stocks
• Positive Sentiment: Caterpillar was highlighted as an AI-exposure and dividend stock, suggesting investors may view its equipment and technology businesses as beneficiaries of data-center and infrastructure spending while receiving shareholder distributions. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: Recent coverage also pointed to an analyst upgrade and higher earnings estimates, while Caterpillar’s partnership with FieldAI could expand its exposure to physical AI, robotics and digital twins. Erste Group Bank Lifts Earnings Estimates for Caterpillar Caterpillar And FieldAI Partner on Physical AI
• Neutral Sentiment: Several articles presented Caterpillar as a long-term investment idea, but these list inclusions do not represent new company-specific operating results or guidance.
• Negative Sentiment: The main near-term pressure came from concerns that the data-center power trade may be unwinding. Caterpillar fell alongside industrial names even as Deere held up better, indicating profit-taking or reduced enthusiasm for CAT’s AI-infrastructure narrative. Caterpillar Falls While Deere Edges Higher

Analyst Upgrades and Downgrades

Several research analysts have commented on CAT shares. Weiss Ratings raised Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Citigroup reaffirmed a "buy" rating on shares of Caterpillar in a report on Monday. Erste Group Bank downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Wells Fargo & Company raised their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $994.17.

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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