Wedmont Private Capital Purchases 1,500 Shares of Caterpillar Inc. $CAT

Key Points

• Wedmont Private Capital increased its Caterpillar position by 17.6% in the second quarter, purchasing 1,500 shares to hold 10,012 shares valued at approximately $10.66 million. Institutional investors collectively own 70.98% of CAT.
• CEO Joseph Creed sold 32,401 shares for about $26.2 million, reducing his position by 48.39%; company insiders now own 0.33% of the stock.
• Caterpillar reported strong quarterly results, with EPS of $8.17 versus the $6.22 consensus and revenue up 23.7% year over year to $20.54 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $994.17.

Wedmont Private Capital lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 17.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,012 shares of the industrial products company's stock after buying an additional 1,500 shares during the period. Wedmont Private Capital's holdings in Caterpillar were worth $10,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Caterpillar in the second quarter valued at approximately $40,457,153,000. Bank of America Corp DE acquired a new position in shares of Caterpillar during the second quarter worth $5,818,150,000. Diamant Asset Management Inc. lifted its holdings in shares of Caterpillar by 68,427.2% during the 1st 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. Bank of New York Mellon Corp purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in shares of Caterpillar in the 2nd quarter worth $2,783,451,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity

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 transaction, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Oppenheimer restated an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a research note on Tuesday, August 4th. Barclays lifted their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Erste Group Bank cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $994.17.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Broad-market strength supported CAT. Caterpillar was among the companies helping lead a roughly 550-point advance in the Dow, providing a favorable backdrop for industrial stocks. Cisco, Caterpillar share gains lead Dow's 550-point rally
• Positive Sentiment: CAT remains a top-performing industrial stock. Shares are up more than 40% this year, reflecting investor enthusiasm for construction, infrastructure and equipment demand. The strong rally also raises the possibility of profit-taking. Deere and Caterpillar Are Both Up Over 40% This Year
• Positive Sentiment: AI infrastructure is emerging as a growth catalyst. Reports highlight Caterpillar’s equipment orders extending toward 2030 and demand tied to data-center and infrastructure construction, broadening the company’s exposure beyond traditional industrial markets. CAT Could Be the Best AI Infrastructure Stock You’re Overlooking
• Positive Sentiment: Analyst estimates and ratings were generally supportive. Freedom Broker upgraded CAT to “buy” with a $980 price target, while Zacks raised its fourth-quarter 2026 EPS estimate to $6.73. Erste Group also modestly increased its fiscal 2027 EPS forecast to $32.28. The Lafayette City Council additionally approved incentives for an $890 million Caterpillar expansion, signaling continued investment capacity. Caterpillar upgraded by Freedom Broker
• Neutral Sentiment: Insider selling is a risk investors are monitoring. Caterpillar executives, including CEO Joseph Creed, have made substantial sales in recent months, although insider transactions may reflect diversification rather than a direct view on the company’s operating outlook. Caterpillar Inc. Stock Opinions on AI Partnership and Executive Stock Sale
• Negative Sentiment: Valuation and mixed estimates could limit further gains. CAT recently underperformed the broader market in a declining session, and Zacks trimmed its Q1 2028 EPS estimate to $7.87 from $7.94. With the stock trading well above its longer-term averages and at a premium valuation, investors may lock in profits if growth expectations moderate. Top Wide-Moat Stocks to Buy for Long-Term Wealth and Stability

Caterpillar Stock Down 0.0%

NYSE:CAT opened at $818.48 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The company's fifty day moving average price is $853.58 and its 200-day moving average price is $840.90. Caterpillar Inc. has a 1-year low of $427.75 and a 1-year high of $1,073.46. The firm has a market capitalization of $376.23 billion, a P/E ratio of 35.22, a PEG ratio of 1.42 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating 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 net margin of 14.51% and a return on equity of 55.53%. The firm's quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.72 earnings per share. As a group, equities research analysts anticipate that Caterpillar Inc. will post 27.37 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.