Northwestern Mutual Wealth Management Co. Buys 4,005 Shares of Caterpillar Inc. $CAT

Northwestern Mutual Wealth Management Co. increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,921 shares of the industrial products company’s stock after buying an additional 4,005 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Caterpillar were worth $192,662,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAT. Decker Retirement Planning Inc. lifted its holdings in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co grew its holdings in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new stake in shares of Caterpillar in the 2nd quarter worth about $36,000. Lam Group Inc. acquired a new stake in shares of Caterpillar during the 1st quarter worth about $26,000. Finally, Tacita Capital Inc bought a new position in Caterpillar during the 2nd quarter valued at about $47,000. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings estimates across multiple periods. Zacks Research increased its forecasts for Q3 2026, FY2026, FY2027, Q1–Q4 2027, Q2 2028 and FY2028. Its FY2027 estimate rose to $31.43 per share from $30.14, while its FY2028 forecast increased to $36.64 from $35.97. Zacks maintained a “Strong Buy” rating. MarketBeat Caterpillar analyst estimates
• Positive Sentiment: AI and automation remain a growth catalyst. Caterpillar’s collaboration with FieldAI is intended to advance physical AI, autonomous equipment and robotics, potentially improving customer safety and efficiency while creating new technology-driven revenue opportunities. Caterpillar FieldAI partnership
• Positive Sentiment: Industrial and manufacturing trends support demand. Lean inventories and continued U.S. production growth are cited as reasons Caterpillar remains attractive among industrial stocks. Piper Sandler also identifies Caterpillar as a potential beneficiary of a rotation from high-priced AI leaders toward industrial companies. U.S. manufacturing growth stocks
• Neutral Sentiment: CAT has significantly outperformed over the past year. Coverage highlights a record backlog, strong earnings and an improved 2026 outlook, but compares Caterpillar’s performance with other industrial-product companies rather than providing a new company-specific catalyst. Caterpillar buy sell or hold analysis
• Negative Sentiment: Valuation and interest-rate risks remain concerns. CAT trades at a high earnings multiple after its substantial rally. Piper Sandler cautions that a move in the 10-year Treasury yield above roughly 4.80% could challenge the industrial-rotation thesis and pressure rate-sensitive valuations. Piper Sandler industrial stocks and Treasury yields

Caterpillar Price Performance

Shares of CAT stock opened at $816.41 on Thursday. Caterpillar Inc. has a 1 year low of $419.50 and a 1 year 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 firm’s 50 day moving average is $859.73 and its 200-day moving average is $840.13. The firm has a market capitalization of $375.28 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.43 and a beta of 1.60.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business posted $4.72 earnings per share. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on CAT shares. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Zacks Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Robert W. Baird set a $970.00 price objective on Caterpillar in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $995.52.

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.