Spartan Planning & Wealth Management trimmed its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 63.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413 shares of the industrial products company’s stock after selling 706 shares during the period. Spartan Planning & Wealth Management’s holdings in Caterpillar were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of CAT. Decker Retirement Planning Inc. grew its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Matrix Trust Co raised its stake in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth about $36,000. Lam Group Inc. acquired a new stake in shares of Caterpillar during the 1st quarter valued at about $26,000. Finally, Tacita Capital Inc acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $47,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar announced a planned $1 billion U.S. investment in compact construction equipment, supporting domestic manufacturing capacity and potentially strengthening its long-term position in construction markets. Caterpillar announces $1B US compact equipment investment
- Positive Sentiment: Caterpillar continues to be viewed as a dividend-paying way to gain exposure to AI-related infrastructure spending, including data-center construction and power generation. 3 Dividend Paying Stocks Offering AI Exposure
- Neutral Sentiment: First-half 2026 revenue reportedly increased 23% to approximately $38 billion, helped by infrastructure and data-center demand. However, higher dealer inventories raise questions about how much future growth may come from restocking versus underlying end-market demand. Caterpillar (CAT): Can Earnings Keep Growing After Dealers Stop Restocking?
- Negative Sentiment: Citi and Truist reportedly lowered their price targets, while Caterpillar’s move below key technical support has intensified selling pressure and raised concerns about further downside. Caterpillar stock drops below key support as Citi, Truist slashes target
- Negative Sentiment: The market’s premium valuation for Caterpillar’s data-center power business is unwinding, with investors rotating toward peers such as Deere and questioning whether AI-related infrastructure demand can justify previous expectations. Caterpillar Sinks 5% as Deere Edges Higher
- Negative Sentiment: Caterpillar’s weakness was also cited as a contributor to the Dow’s decline, adding broader market pressure to the stock’s company-specific concerns. Johnson & Johnson, Caterpillar share losses contribute to Dow’s fall
Caterpillar Stock Down 3.4%
Caterpillar (NYSE:CAT – Get Free Report) 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. The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.72 EPS. On average, equities analysts expect that Caterpillar Inc. will post 27.49 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on CAT. Robert W. Baird set a $970.00 price target on Caterpillar in a research note on Wednesday, August 5th. Freedom Broker raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a research report on Thursday, September 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, UBS Group boosted their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $982.92.
About Caterpillar
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.
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