Pictet Asset Management Holding SA Sells 29,974 Shares of Caterpillar Inc. $CAT

Pictet Asset Management Holding SA lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 344,659 shares of the industrial products company’s stock after selling 29,974 shares during the period. Pictet Asset Management Holding SA’s holdings in Caterpillar were worth $367,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Acorn Wealth Advisors LLC increased its holdings in Caterpillar by 2.8% during the second quarter. Acorn Wealth Advisors LLC now owns 4,335 shares of the industrial products company’s stock valued at $4,616,000 after buying an additional 118 shares during the period. Ascentis Wealth Management LLC lifted its holdings in Caterpillar by 11.9% during the second quarter. Ascentis Wealth Management LLC now owns 2,546 shares of the industrial products company’s stock worth $2,712,000 after buying an additional 270 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Caterpillar by 1.8% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,290 shares of the industrial products company’s stock worth $18,412,000 after buying an additional 311 shares during the period. Planning Center Inc. boosted its position in Caterpillar by 3.0% during the 2nd quarter. Planning Center Inc. now owns 1,666 shares of the industrial products company’s stock valued at $1,774,000 after acquiring an additional 48 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Caterpillar by 22.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,237 shares of the industrial products company’s stock valued at $4,512,000 after acquiring an additional 784 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $970.00 price objective on Caterpillar in a research note on Wednesday, August 5th. UBS Group lifted their target price on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Argus increased their price target on shares of Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. DA Davidson raised their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $995.52.

Caterpillar Price Performance

Shares of CAT stock opened at $812.10 on Tuesday. Caterpillar Inc. has a fifty-two week low of $410.52 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a market capitalization of $373.30 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 1.45 and a beta of 1.60. The stock’s 50-day simple moving average is $906.43 and its 200-day simple moving average is $834.90.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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. The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $4.72 EPS. As a group, equities analysts forecast that Caterpillar Inc. will post 27.14 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

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

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Margins and 2026 outlook improved. Caterpillar’s second-quarter adjusted operating margin increased 430 basis points as higher sales volumes and pricing more than offset tariff-related costs and other expenses. The improvement helped support an upgraded 2026 outlook. Caterpillar’s Q2 Adjusted Operating Margin Rebounds: Is the Worst Over?
• Positive Sentiment: Record performance and backlog remain supportive. Recent coverage highlighted quarterly revenue of roughly $20.5 billion, a sizable earnings beat, year-over-year revenue growth of approximately 24%, and a strong backlog. These factors suggest continued demand for Caterpillar’s construction, mining, and industrial equipment.
• Neutral Sentiment: Analyst targets imply potential upside but also a high bar. Recent price targets have a median of $990, with estimates ranging from $845 to $1,218. However, Caterpillar’s elevated forward valuation leaves the stock sensitive to any slowdown in orders, margins, or economic growth.
• Neutral Sentiment: Relative performance coverage offers limited direction. Articles comparing Caterpillar with Gorman-Rupp and the broader industrial-products sector provide context on performance but do not identify a new fundamental catalyst for CAT.
• Negative Sentiment: Macro concerns are overshadowing company-specific strength. Investor discussions point to interest-rate uncertainty and broader industrial-sector worries as reasons for selling pressure following the earnings outperformance. The stock has also pulled back notably from its recent high, increasing focus on its valuation.
• Negative Sentiment: Insider selling and bearish positioning add pressure. QuiverQuant data shows substantially more insider sales than purchases over the past six months, while Michael Burry is reportedly betting against CAT. These signals may reinforce caution, although insider transactions can reflect portfolio and compensation decisions rather than a direct view of fundamentals.

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.