SteelPeak Wealth LLC Sells 10,103 Shares of Caterpillar Inc. $CAT

SteelPeak Wealth LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 42.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,800 shares of the industrial products company’s stock after selling 10,103 shares during the quarter. SteelPeak Wealth LLC’s holdings in Caterpillar were worth $14,695,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Caterpillar during the second quarter valued at approximately $738,000. Independence Bank of Kentucky raised its holdings in Caterpillar by 10.6% in the 2nd quarter. Independence Bank of Kentucky now owns 2,623 shares of the industrial products company’s stock worth $2,793,000 after acquiring an additional 251 shares during the last quarter. First Community Trust NA lifted its position in Caterpillar by 32.9% in the 2nd quarter. First Community Trust NA now owns 1,264 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 313 shares in the last quarter. Ballast Inc. boosted its stake in Caterpillar by 2.6% during the 2nd quarter. Ballast Inc. now owns 3,881 shares of the industrial products company’s stock valued at $4,133,000 after purchasing an additional 100 shares during the last quarter. Finally, Lee Kelleher & Klein Wealth Management purchased a new position in shares of Caterpillar in the second quarter worth $223,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore reiterated an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Wells Fargo & Company raised their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada boosted their target price 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. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Record quarterly performance: Caterpillar reported approximately $20.5 billion in second-quarter sales and revenue, with stronger operating profit and margins. The results reinforce expectations for continued earnings growth. Caterpillar Marks Record Quarter with $20.5B in Sales and Revenues
• Positive Sentiment: Large backlog and raised outlook: A roughly $72 billion backlog and an increased 2026 outlook provide revenue visibility and strengthen the bullish case following the earnings release. The Zacks Analyst Blog Highlights Caterpillar, Komatsu, Terex and Astec Industries
• Positive Sentiment: AI and power demand: Analysts and bullish commentary point to demand for Caterpillar’s engines, turbines and heavy equipment from data-center construction and related power infrastructure. Much of the company’s large-engine capacity is booked years ahead. Bull of the Day: Caterpillar
• Positive Sentiment: Momentum and earnings revisions: Caterpillar was identified as a top momentum pick, while Erste Group raised its fiscal 2026 EPS estimate to $24.78 and fiscal 2027 estimate to $31.18. These revisions indicate improving profit expectations, although the bank maintains a Hold rating. Western Digital & 2 Momentum Stocks That Could Soar in 2026
• Neutral Sentiment: Execution is now key: With demand and orders strong, future upside depends on how quickly Caterpillar can expand production at its existing plants without weakening margins. Caterpillar Stock’s Upside Is Sitting in Plants It Already Owns
• Negative Sentiment: Premium valuation: After a substantial five-year rally, valuation measures suggest CAT may be about 6% overvalued. Investors may already be pricing in much of the AI-related demand and earnings optimism, limiting near-term upside. Caterpillar Stock Could Be 6% Overvalued As AI Demand Lifts Outlook

Caterpillar Trading Up 1.7%

NYSE:CAT opened at $857.35 on Thursday. 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 firm has a market capitalization of $394.10 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.60. Caterpillar Inc. has a one year low of $405.46 and a one year high of $1,073.46. The business has a fifty day moving average price of $917.75 and a 200-day moving average price of $824.70.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share 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 for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $4.72 earnings per share. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 26.56 EPS for the current year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is presently 28.06%.

Caterpillar Company Profile

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.