Sequoia Financial Advisors LLC Buys 9,512 Shares of Caterpillar Inc. $CAT

Sequoia Financial Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,272 shares of the industrial products company’s stock after buying an additional 9,512 shares during the quarter. Caterpillar comprises approximately 1.0% of Sequoia Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Sequoia Financial Advisors LLC’s holdings in Caterpillar were worth $200,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. BlackRock Inc. bought a new position in shares of Caterpillar in the second quarter worth $40,457,153,000. Bank of America Corp DE bought a new stake in Caterpillar during the second quarter worth about $5,818,150,000. Diamant Asset Management Inc. lifted its position in Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after purchasing an additional 3,136,020 shares during the period. Bank of New York Mellon Corp acquired a new stake in Caterpillar during the second quarter worth about $3,192,710,000. Finally, Legal & General Group Plc bought a new position in Caterpillar in the 2nd quarter valued at about $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue?
• Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models
• Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th
• Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth.
• Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAT. Robert W. Baird set a $970.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. Wells Fargo & Company boosted 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 report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Zacks Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Citigroup reissued a “buy” rating on shares of Caterpillar in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Moderate Buy” and an average price target of $994.17.

Insider Activity

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

Caterpillar Stock Down 0.2%

Shares of NYSE:CAT opened at $782.57 on Wednesday. Caterpillar Inc. has a 52-week low of $434.28 and a 52-week high of $1,073.46. The company has a market capitalization of $359.73 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. 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 company has a fifty day moving average of $846.69 and a 200-day moving average of $841.12.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share 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 company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the business posted $4.72 EPS. Caterpillar’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.

The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.