Veracity Capital LLC Increases Stock Position in Caterpillar Inc. $CAT

Veracity Capital LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 56.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,809 shares of the industrial products company’s stock after buying an additional 1,012 shares during the quarter. Caterpillar accounts for about 0.6% of Veracity Capital LLC’s investment portfolio, making the stock its 26th largest holding. Veracity Capital LLC’s holdings in Caterpillar were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Caterpillar during the second quarter worth about $40,457,153,000. State Street Corp increased its stake in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE acquired a new position in Caterpillar during the second quarter valued at approximately $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar in the 2nd quarter valued at $3,192,710,000. Finally, Legal & General Group Plc acquired a new position in shares of Caterpillar during the 2nd quarter worth $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CAT. UBS Group boosted their target price on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Zacks Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays boosted their price objective on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, DA Davidson lifted their price target on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $989.17.

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Down 2.1%

Shares of Caterpillar stock traded down $16.70 during midday trading on Thursday, reaching $797.13. The company had a trading volume of 1,399,390 shares, compared to its average volume of 2,813,179. The stock has a fifty day moving average price of $822.83 and a 200 day moving average price of $853.15. Caterpillar Inc. has a fifty-two week low of $491.30 and a fifty-two week high of $1,073.46. The firm has a market cap of $366.42 billion, a PE ratio of 34.30, a P/E/G ratio of 1.49 and a beta of 1.58. 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 released its quarterly 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 firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $4.72 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 27.5 earnings per share for the current year.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings estimates: Zacks increased its forecasts across fiscal 2026–2028, including FY2026 EPS to $27.36, FY2027 to $32.44 and FY2028 to $39.15. The revisions suggest continued confidence in Caterpillar’s backlog, pricing power and demand outlook. Zacks Research earnings estimates
• Positive Sentiment: $1 billion North Carolina investment: Caterpillar plans to expand Cat Compact manufacturing capacity with automation, advanced technology and digital systems. The investment supports U.S. production and could help the company meet customer demand, although it also represents a substantial capital commitment. Caterpillar North Carolina manufacturing expansion
• Positive Sentiment: Potential growth beyond traditional construction: Commentary highlighted Caterpillar’s role in supplying power-related equipment for data centers, offering an additional long-term demand driver. Caterpillar data-center opportunity
• Neutral Sentiment: Possible technical rebound: Analysts are watching a key trendline after CAT fell below its 50-day simple moving average. A successful hold could attract dip buyers, but a breakdown would reinforce near-term weakness. Caterpillar key trendline analysis
• Neutral Sentiment: Analyst views are mixed: Zacks maintained a “Hold” rating despite raising estimates, while other commentary characterized the pullback as a potential buying opportunity. CAT’s elevated valuation makes sustained earnings growth important.
• Negative Sentiment: Higher borrowing costs are pressuring heavy-equipment stocks: Elevated long-term yields can reduce customers’ ability to finance large machinery purchases and weigh on Caterpillar’s valuation. Industrial-sector selloff and higher yields
• Negative Sentiment: Regulatory scrutiny continues: FTC and USDA requests for information on the farm-equipment market are adding uncertainty for Caterpillar and peers. FTC and USDA farm-equipment inquiry
• Negative Sentiment: Truist lowered its price target from $1,225 to $1,100, reinforcing cautious sentiment even though the revised target remains above recent trading levels. Truist Caterpillar price-target cut

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.