Wellington Management Group LLP Increases Holdings in Caterpillar Inc. $CAT

Key Points

• Wellington Management increased its Caterpillar stake by 2.3% in the second quarter, adding 26,078 shares to own 1.14 million shares valued at approximately $1.22 billion. Institutional investors collectively hold nearly 71% of CAT’s outstanding stock.
• Caterpillar reported strong quarterly results, with EPS of $8.17 versus the $6.22 consensus and revenue of $20.54 billion, up 23.7% year over year and above analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52, but the stock’s valuation—about 35 times earnings—could leave it vulnerable if backlog conversion, margins or the outlook weaken.

Wellington Management Group LLP increased its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,144,800 shares of the industrial products company's stock after buying an additional 26,078 shares during the quarter. Wellington Management Group LLP owned 0.25% of Caterpillar worth $1,219,098,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC increased its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after purchasing an additional 2,519 shares during the last quarter. United Bank raised its holdings in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after purchasing an additional 2,125 shares during the period. Schnieders Capital Management LLC. lifted its stake in Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock valued at $3,551,000 after purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after purchasing an additional 34,846 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Trading Up 0.9%

Caterpillar stock opened at $821.25 on Wednesday. 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 $416.44 and a fifty-two week high of $1,073.46. The stock has a market cap of $377.50 billion, a P/E ratio of 35.34, a PEG ratio of 1.41 and a beta of 1.60. The firm's fifty day moving average price is $863.27 and its 200-day moving average price is $839.74.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the company earned $4.72 earnings per share. The firm's quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.

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 transaction 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 approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CAT shares. Rothschild & Co Redburn raised their target price on Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Weiss Ratings raised Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Oppenheimer reaffirmed an "outperform" rating and set a $1,118.00 price objective on shares of Caterpillar in a report on Tuesday, August 4th. Citigroup upped their price target on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Erste Group Bank downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s power-generation backlog reportedly reached $72 billion, reinforcing the view that demand from data centers and AI-related infrastructure could make the company less dependent on the traditional construction cycle. Caterpillar's Power Generation Backlog Just Hit $72 Billion
• Positive Sentiment: Recent coverage points to Caterpillar’s record backlog, strong earnings and raised 2026 outlook as key reasons for its roughly 95% one-year gain. The company’s latest reported quarter also exceeded EPS and revenue expectations, supporting investor confidence in its operating momentum. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?
• Positive Sentiment: Chief Digital Officer Ogi Redzic described how AI is changing construction work, highlighting Caterpillar’s efforts to use digital tools and automation to improve equipment productivity and customer operations. This could strengthen the company’s longer-term technology and services opportunity. Caterpillar’s Digital Chief Ogi Redzic on How A.I. Is Redefining Construction Work
• Neutral Sentiment: Industry coverage continues to identify Caterpillar as a leading construction-equipment company, supported by its global dealer network and cash-generation capabilities. However, the equipment showcase itself does not provide a new financial catalyst. Caterpillar vs. Corning: Which Stock Is a Better Buy in 2026?
• Negative Sentiment: At approximately 34 times earnings, Caterpillar trades at a demanding valuation after its major rally. Analysts note that the premium leaves the stock vulnerable to profit-taking or disappointment if backlog conversion, margins or the 2026 outlook weaken. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?

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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