Caterpillar Inc. $CAT Shares Sold by HM Payson & Co.

HM Payson & Co. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 48.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,006 shares of the industrial products company’s stock after selling 53,259 shares during the period. Caterpillar accounts for about 0.8% of HM Payson & Co.’s holdings, making the stock its 27th biggest position. HM Payson & Co.’s holdings in Caterpillar were worth $59,641,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Caterpillar by 13.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,509 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 178 shares during the period. Archford Capital Strategies LLC grew its position in Caterpillar by 6.8% during the second quarter. Archford Capital Strategies LLC now owns 1,069 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 68 shares during the period. OFI Invest Asset Management increased its stake in Caterpillar by 49.9% in the 2nd quarter. OFI Invest Asset Management now owns 93,536 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 31,121 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Caterpillar by 5.3% in the second quarter. Sequoia Financial Advisors LLC now owns 188,272 shares of the industrial products company’s stock valued at $200,490,000 after buying an additional 9,512 shares in the last quarter. Finally, Pingora Partners LLC acquired a new position in Caterpillar during the second quarter worth about $799,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CAT shares. Citigroup boosted their price target on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Evercore reissued an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Bank of America increased their target price on shares of Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson upped their target price on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analyst commentary highlighted accelerating, volume-driven growth across Caterpillar’s three operating segments and a sharp upgrade to its 2026 sales outlook, supporting the longer-term bullish case. Caterpillar’s Volume Gains Drive Growth: Can Its Uptrend Continue?
• Positive Sentiment: Caterpillar was included among high-efficiency stocks with key operating ratios above industry averages, reinforcing the view that its strong earnings performance is supported by business quality. 5 Top-Ranked High-Efficiency Stocks Poised for Stronger Returns
• Positive Sentiment: The company committed up to $3 million in Arkansas as part of its five-year, $100 million workforce initiative. The investment should expand manufacturing talent pipelines, although the near-term earnings impact is likely limited. Caterpillar Expands Workforce Initiative to Arkansas

Caterpillar Stock Down 4.3%

CAT stock opened at $843.54 on Wednesday. The firm has a market cap of $387.76 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.53 and a beta of 1.60. Caterpillar Inc. has a 1-year low of $410.52 and a 1-year high of $1,073.46. The firm has a fifty day moving average price of $913.03 and a two-hundred day moving average price of $830.99. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 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 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 previous year, the firm posted $4.72 earnings per share. Research analysts predict that Caterpillar Inc. will post 26.56 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a $1.63 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. Caterpillar’s payout ratio is currently 28.06%.

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.