Goelzer Investment Management Inc. Sells 1,143 Shares of Caterpillar Inc. $CAT

Goelzer Investment Management Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,073 shares of the industrial products company’s stock after selling 1,143 shares during the quarter. Caterpillar accounts for 0.9% of Goelzer Investment Management Inc.’s portfolio, making the stock its 16th largest position. Goelzer Investment Management Inc.’s holdings in Caterpillar were worth $20,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Axxcess Wealth Management LLC lifted its holdings in shares of Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 604 shares in the last quarter. Juno Financial Group LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $877,000. DSG Capital Advisors LLC bought a new stake in Caterpillar in the 1st quarter valued at approximately $1,226,000. Cornerstone Planning LLC acquired a new position in Caterpillar during the 4th quarter worth approximately $4,517,000. Finally, Ticino Wealth bought a new position in shares of Caterpillar during the 4th quarter worth approximately $2,488,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CAT shares. Zacks Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and set a $1,103.00 price target on shares of Caterpillar in a research report on Monday, May 11th. Sanford C. Bernstein restated a “market perform” rating and set a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $970.00 price objective on Caterpillar in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus target price of $995.52.

Caterpillar Price Performance

NYSE:CAT opened at $856.82 on Friday. The company has a market cap of $393.85 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.53 and a beta of 1.60. The firm’s fifty day moving average price is $915.09 and its two-hundred day moving average price is $826.53. Caterpillar Inc. has a one year low of $405.46 and a one year high of $1,073.46. 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 announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.72 earnings per share. Equities analysts expect that Caterpillar Inc. will post 26.56 earnings per share for the current year.

Caterpillar Increases Dividend

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

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar ended the second quarter with a record $72 billion backlog, signaling sustained demand for heavy equipment and supporting the company’s upgraded 2026 sales outlook. Growth is reportedly broad-based across major business segments. CAT Ends Q2 With Record Backlog: Is Demand Momentum Here to Stay?
• Positive Sentiment: Zacks Research upgraded CAT from “hold” to “strong-buy,” adding to the favorable analyst sentiment surrounding the shares. The company’s average brokerage recommendation is also equivalent to “buy.” Zacks Research rating
• Positive Sentiment: The company’s latest quarterly results provide fundamental support: Caterpillar reported revenue of $20.54 billion, up 23.7% year over year, and earnings of $8.17 per share, well above consensus expectations.
• Neutral Sentiment: Analysts remain cautiously optimistic. Caterpillar has outperformed the broader market over the past year, but consensus views already anticipate that the recent revenue boom will moderate. Do Wall Street Analysts Like Caterpillar Stock?
• Negative Sentiment: One analysis argues that Caterpillar’s elevated valuation will depend increasingly on margin improvement rather than continued backlog growth. If revenue growth fades without stronger profitability, the stock’s valuation could remain difficult to justify. Caterpillar’s Falling Multiple Rests On Margin, Not Its Backlog
• Negative Sentiment: The bullish brokerage consensus may be less informative because sell-side analysts often issue overly optimistic recommendations. Investors may therefore focus more on execution, margins and backlog conversion than on the average rating alone. Brokers Suggest Investing in Caterpillar

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.