Tufton Capital Management Sells 2,156 Shares of Caterpillar Inc. $CAT

Tufton Capital Management lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 9.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,801 shares of the industrial products company’s stock after selling 2,156 shares during the period. Caterpillar makes up about 3.9% of Tufton Capital Management’s investment portfolio, making the stock its 5th largest position. Tufton Capital Management’s holdings in Caterpillar were worth $23,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Lam Group Inc. purchased a new position in Caterpillar in the 1st quarter valued at about $26,000. Torren Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its position in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. Decker Retirement Planning Inc. grew its position in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Caterpillar in the fourth quarter worth $32,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Down 3.1%

Shares of Caterpillar stock opened at $814.68 on Thursday. The stock has a market capitalization of $374.49 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.48 and a beta of 1.60. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business’s 50 day simple moving average is $912.19 and its 200-day simple moving average is $832.06.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping 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 firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the company earned $4.72 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 26.98 earnings per share for the current year.

Caterpillar Increases Dividend

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

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings forecasts. Zacks Research increased its EPS projections across several periods, including FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. The firm maintained a “Strong-Buy” rating, signaling improved confidence in Caterpillar’s long-term earnings outlook. Zacks Research estimates
• Positive Sentiment: Growth momentum remains a supporting factor. A Zacks analysis said volume-driven growth is accelerating across Caterpillar’s three segments and prompted a sharp increase in its 2026 sales outlook. The company also announced a $3 million workforce investment in Arkansas, supporting local hiring and operations. Caterpillar volume gains analysis Caterpillar workforce initiative
• Neutral Sentiment: Recent gains may be prompting profit-taking. Commentary highlighted that CAT has risen sharply over the past year, increasing attention to valuation and how much future growth is already reflected in the stock. CAT stock performance analysis
• Negative Sentiment: Weak industrial data raised demand concerns. U.S. industrial production was weaker than expected in July, prompting investors to question whether Caterpillar’s record backlog can withstand a slowdown in industrial activity and equipment demand. Weaker U.S. industrial output analysis
• Negative Sentiment: Market-wide selling pressured CAT. Caterpillar and Goldman Sachs were cited as major drags on the Dow amid a pullback in AI-related and technology-linked trades. This appears to reflect broader risk reduction and sector rotation rather than a new company-specific operational setback. Dow market pressure

Wall Street Analyst Weigh In

CAT has been the subject of several recent analyst reports. Zacks Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. UBS Group lifted their price target on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Bank of America boosted their price objective on Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $995.52.

Caterpillar 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.