Calamos Advisors LLC Acquires 15,578 Shares of Caterpillar Inc. $CAT

Posted by George Bondi on Aug 26th, 2026

Calamos Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,261 shares of the industrial products company’s stock after acquiring an additional 15,578 shares during the period. Calamos Advisors LLC’s holdings in Caterpillar were worth $160,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Daiwa Securities Group Inc. raised its holdings in Caterpillar by 11.2% during the second quarter. Daiwa Securities Group Inc. now owns 194,149 shares of the industrial products company’s stock worth $206,749,000 after acquiring an additional 19,564 shares in the last quarter. Kerusso Capital Management LLC boosted its stake in Caterpillar by 23.4% in the 2nd quarter. Kerusso Capital Management LLC now owns 6,705 shares of the industrial products company’s stock valued at $7,140,000 after purchasing an additional 1,272 shares during the period. LCM Capital Management Inc increased its position in Caterpillar by 16.5% during the second quarter. LCM Capital Management Inc now owns 465 shares of the industrial products company’s stock worth $495,000 after acquiring an additional 66 shares during the period. WealthCare Asset Management LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $1,533,000. Finally, Aviance Capital Partners LLC raised its holdings in Caterpillar by 17.9% in the 2nd quarter. Aviance Capital Partners LLC now owns 679 shares of the industrial products company’s stock valued at $723,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT opened at $811.40 on Wednesday. The firm has a 50-day moving average price of $903.72 and a 200-day moving average price of $835.74. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The company has a market capitalization of $372.98 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.42 and a beta of 1.60.

Caterpillar (NYSE:CAT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the firm posted $4.72 EPS. Caterpillar’s revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

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

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Strong backlog points to future growth. Caterpillar’s order book reportedly expanded substantially beneath the surface, suggesting future revenue visibility even while some recent sales figures appeared soft. Before The Surge, Caterpillar Stock’s Order Book Told a Different Story
Positive Sentiment: Margins and guidance improved. Coverage highlighted a 430-basis-point rebound in second-quarter adjusted operating margin, with higher volumes and pricing offsetting tariff costs. The improvement helped support an upgraded 2026 outlook. Caterpillar’s Q2 Adjusted Operating Margin Rebounds
Positive Sentiment: CAT remains a preferred heavy-equipment name. Analysts cited record sales, earnings growth and backlog strength as reasons Caterpillar currently has an edge over Deere. Other market commentary included Caterpillar among stocks positioned to benefit from investment and infrastructure-related trends. Caterpillar vs. Deere: Which Heavy Equipment Stock Should You Bet On?
Neutral Sentiment: Valuation opinions are mixed. Some analysis suggests CAT could be undervalued by roughly 20% based on margins and cash flow, while another estimate sees only about 4% upside linked partly to potential tariff refunds. This follows a substantial five-year share-price gain and leaves investors focused on whether earnings can justify the valuation. Caterpillar Could Be 20% Undervalued
Negative Sentiment: Contrasting investor signals may limit enthusiasm. The Gates Foundation Trust disclosed a sizable CAT holding, while Michael Burry disclosed a short position. QuiverQuant also reported substantially more insider sales than purchases over the past six months, potentially adding caution despite strong fundamentals. Bill Gates’ Foundation Holds a Caterpillar Stake as Michael Burry Bets Against the Stock
Negative Sentiment: Macro risks remain an overhang. Recent commentary linked CAT’s pullback to interest-rate concerns and weaker sentiment toward industrial stocks, showing that broader economic factors are currently overshadowing the company’s earnings and backlog strength.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CAT. Evercore reaffirmed an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a report on Monday, May 11th. Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an “equal weight” rating in a report on Friday, May 1st. Argus boosted their price objective on shares of Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group increased their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Barclays boosted their target price on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. One 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 stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $995.52.

Check Out Our Latest Analysis on CAT

About Caterpillar

(Free Report)

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.