Caterpillar Inc. $CAT is Tema ETFs LLC’s 10th Largest Position

Tema ETFs LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,566 shares of the industrial products company’s stock after buying an additional 7,080 shares during the quarter. Caterpillar accounts for 1.7% of Tema ETFs LLC’s portfolio, making the stock its 10th biggest holding. Tema ETFs LLC’s holdings in Caterpillar were worth $51,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Lam Group Inc. acquired a new stake in Caterpillar in the first quarter valued at $26,000. Torren Management LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. Cornerstone Financial Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $32,000. Finally, Matrix Trust Co boosted its holdings in Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CAT shares. Zacks Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Rothschild & Co Redburn lifted their price objective on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Bank of America boosted their target price on Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Insider Activity

In other news, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the sale, the insider directly owned 49,825 shares in the company, valued at $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Up 0.9%

Shares of NYSE CAT opened at $844.74 on Wednesday. Caterpillar Inc. has a 12-month low of $405.46 and a 12-month high of $1,073.46. The company has a market capitalization of $388.30 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. 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’s 50-day moving average is $919.15 and its two-hundred day moving average is $823.23.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the firm posted $4.72 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 26.56 EPS for the current fiscal year.

Caterpillar Increases Dividend

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

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI and data-center demand are accelerating growth. Caterpillar’s quarterly sales surpassed $20 billion as demand for generators used in data centers increased, reinforcing expectations that AI infrastructure spending can support the company’s Energy & Transportation business. Caterpillar sales surpass $20B as data center generators take off
• Positive Sentiment: Record results and backlog support the bullish outlook. Caterpillar’s Q2 earnings significantly exceeded expectations, with revenue up 23.7% year over year, while a reported $72 billion backlog and raised 2026 outlook provide visibility into future sales and earnings. Should You Buy, Sell or Hold Caterpillar Stock Post Q2 Earnings?
• Positive Sentiment: Analysts are modestly raising earnings expectations. Erste Group Bank increased its FY2026 EPS estimate to $24.78 from $24.56 and its FY2027 estimate to $31.18 from $30.31, reflecting improved expectations despite maintaining a Hold rating. Caterpillar analyst estimates
• Neutral Sentiment: Production capacity is becoming the key execution issue. Caterpillar has major engines and turbines booked years ahead, but the pace at which it can expand output at existing facilities may determine how much of the demand opportunity converts into additional revenue and profit. Caterpillar Stock’s Upside Is Sitting in Plants It Already Owns
• Negative Sentiment: Valuation leaves limited room for disappointment. After a substantial five-year gain, valuation models present a mixed picture, with one analysis suggesting CAT is approximately 6% overvalued. Investors are weighing whether AI-related optimism and heavy-equipment demand are already reflected in the share price. Caterpillar (CAT) Stock Could Be 6% Overvalued As AI Demand Lifts Outlook

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.