Caterpillar Inc. $CAT Shares Purchased by Czech National Bank

Czech National Bank boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 131,102 shares of the industrial products company’s stock after purchasing an additional 4,383 shares during the period. Caterpillar accounts for approximately 0.8% of Czech National Bank’s investment portfolio, making the stock its 22nd biggest holding. Czech National Bank’s holdings in Caterpillar were worth $139,611,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Apella Capital LLC boosted its stake in shares of Caterpillar by 1.0% during the second quarter. Apella Capital LLC now owns 6,429 shares of the industrial products company’s stock worth $6,846,000 after buying an additional 62 shares during the period. 55 North Private Wealth LLC grew its holdings in shares of Caterpillar by 5.8% during the second quarter. 55 North Private Wealth LLC now owns 1,561 shares of the industrial products company’s stock worth $1,662,000 after buying an additional 85 shares during the last quarter. Clark Asset Management LLC increased its position in Caterpillar by 2.7% in the 2nd quarter. Clark Asset Management LLC now owns 1,452 shares of the industrial products company’s stock valued at $1,546,000 after acquiring an additional 38 shares during the period. Hummer Financial Advisory Services Inc purchased a new stake in Caterpillar during the 2nd quarter valued at approximately $245,000. Finally, Evanson Financial LLC purchased a new stake in Caterpillar during the 2nd quarter valued at approximately $1,331,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI infrastructure is driving demand. Caterpillar said construction of data centers and other AI-related facilities is boosting demand for construction equipment and power-generation products. The company is also racing to expand generator capacity for power-hungry data centers. Caterpillar says the AI boom continues to drive construction demand
• Positive Sentiment: Record results and higher guidance support the bullish case. Second-quarter revenue rose 24% year over year to $20.5 billion, while adjusted EPS of $8.17 exceeded estimates of $6.22. Caterpillar raised its 2026 sales-growth outlook, citing a record backlog above $72 billion, stronger segment demand and additional power capacity. CAT Q2 earnings call focuses on backlog and capacity growth
• Positive Sentiment: Power and Energy has become a major growth engine. The segment generated approximately $8.2 billion in quarterly sales and produced more profit than Caterpillar’s Construction Industries business, highlighting the company’s expanding exposure to data-center power demand. Caterpillar now makes almost as much selling power as construction equipment
• Positive Sentiment: Analyst support remains favorable. Truist raised its CAT price target to $1,225 and maintained a Buy rating, indicating continued confidence in the company’s earnings and backlog outlook. Benzinga analyst rating report
• Neutral Sentiment: The immediate pullback appears largely technical. CAT had recently rallied sharply following its earnings beat, so investors may be locking in gains despite the favorable operating update. Optimistic forecasts suggest the stock could eventually reach $1,000, but that remains speculative.
• Negative Sentiment: Valuation creates downside risk. Commentary notes that CAT trades at more than 30 times forward earnings, leaving limited margin for disappointment if AI-related infrastructure spending slows or the industrial cycle weakens. Caterpillar valuation and cyclical risk analysis

Wall Street Analyst Weigh In

Several research analysts have weighed in on CAT shares. Wells Fargo & Company lifted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. 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. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1,002.00 price objective on shares of Caterpillar in a research report on Wednesday. Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays upped their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $995.52.

Caterpillar Stock Performance

Shares of CAT stock opened at $859.30 on Friday. The company has a market cap of $395.78 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. The stock has a 50 day simple moving average of $921.61 and a 200-day simple moving average of $818.97. Caterpillar Inc. has a 12-month low of $405.46 and a 12-month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.81 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS 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 business had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm earned $4.72 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 24.95 EPS for the current year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date 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%.

Insiders Place Their Bets

In other news, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider directly owned 49,825 shares of the company’s stock, valued at $45,236,615.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This represents a 26.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 35,444 shares of company stock worth $32,335,679. Corporate insiders own 0.33% of the company’s stock.

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.