Kovack Advisors Inc. Purchases 634 Shares of Caterpillar Inc. $CAT

Kovack Advisors Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,311 shares of the industrial products company’s stock after buying an additional 634 shares during the quarter. Kovack Advisors Inc.’s holdings in Caterpillar were worth $8,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Caterpillar in the 2nd quarter valued at approximately $422,000. Axxcess Wealth Management LLC boosted its stake in Caterpillar by 8.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 21,818 shares of the industrial products company’s stock valued at $23,235,000 after purchasing an additional 1,654 shares during the last quarter. Paragon Private Wealth Management LLC increased its holdings in shares of Caterpillar by 2.2% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 1,163 shares of the industrial products company’s stock worth $1,240,000 after purchasing an additional 25 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Caterpillar by 1.9% in the second quarter. Avantax Planning Partners Inc. now owns 6,977 shares of the industrial products company’s stock worth $7,430,000 after purchasing an additional 127 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Caterpillar by 3.4% in the second quarter. North Star Investment Management Corp. now owns 12,195 shares of the industrial products company’s stock worth $12,987,000 after purchasing an additional 403 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Up 1.7%

CAT stock opened at $828.90 on Friday. The business’s 50-day moving average price is $908.86 and its 200-day moving average price is $833.13. The stock has a market cap of $381.02 billion, a P/E ratio of 35.67, a PEG ratio of 1.45 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46.

Caterpillar (NYSE:CAT) last released its earnings results 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 net margin of 14.51% and a return on equity of 55.53%. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the firm posted $4.72 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a dividend of $1.63 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio is presently 28.06%.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher full-year earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $26.55 from $24.51 and its Q2 2027 estimate to $7.90 from $7.17. Zacks maintained a “Strong Buy” rating, signaling confidence in Caterpillar’s earnings trajectory. Zacks Research Forecasts Stronger Earnings for Caterpillar
• Positive Sentiment: $392 million tariff refund: Caterpillar received a significant refund as duty costs declined. The benefit partially offsets approximately $400 million in tariff expenses incurred during the quarter ended June 30 and could support near-term profitability and cash flow. Caterpillar bags $392M tariff refund as duty costs shrink
• Positive Sentiment: Constructive market backdrop: Expectations for continued S&P 500 strength, resilient earnings growth and potential AI-related capital spending are supportive for industrial companies such as Caterpillar. 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Neutral Sentiment: High volatility remains a trading risk: Options activity indicates Caterpillar’s stock could experience unusually large moves in either direction, increasing uncertainty despite favorable fundamental projections. Caterpillar Stock Is Priced To Swing Hundreds Of Dollars Either Way
• Negative Sentiment: AI data-center backlash: Proposed restrictions and political resistance to AI-related power demand in Texas and New York could delay or reduce data-center construction. That creates a risk for Caterpillar’s power-generation and related equipment demand, prompting investors to reassess the company’s growth outlook. What Is Caterpillar Facing As AI Data Center Backlash Grows?
• Negative Sentiment: Near-term estimate reduction: Zacks lowered its Q4 2026 EPS forecast to $6.47 from $6.61, suggesting some caution around the next quarterly results even though its full-year and longer-term estimates improved. Caterpillar analyst estimates

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Evercore reissued an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research report on Monday, May 11th. Morgan Stanley set a $915.00 target price on shares of Caterpillar and gave the company an “equal weight” rating in a research note on Friday, May 1st. HSBC lifted their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $995.52.

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.