Waverly Advisors 13F: Adds $60M to Caterpillar (CAT) Stake
Waverly Advisors expanded its holdings in Caterpillar Inc. during the recent period, filing a Form 13F with the SEC to report its larger position.
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Waverly Advisors added 56,087 shares to its stake in Caterpillar Inc. ($CAT), an 116.45% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 104,253 shares worth $111.02 million at the end of the quarter.
Since the filing, $CAT is down 0.9% after 1 week, up 5.1% after 1 month and down 17.6% to date (from the $886.67 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
CAT
Caterpillar Inc.
Key Points
- Waverly Advisors lifted its stake in Caterpillar Inc. NYSE:CAT by 116.4%, buying 56,087 shares to bring its total holding to 104,253 shares valued at about $111.0 million.
- Caterpillar Inc. shares traded near $1,064.90, supported by a 52-week trading range of $510.21 to $1,073.46 and strong institutional interest.
- Company insiders including Chief Executive Officer Joseph Creed and Chief Financial Officer Epley Kyle Joseph recently purchased company shares in June 2026.
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Waverly Advisors Increases Caterpillar Stake
Waverly Advisors raised its investment in Caterpillar Inc. NYSE:CAT during the reporting period, lifting its position by 116.4%. According to a Form 13F filed with the Securities and Exchange Commission, the firm added 56,087 shares to its portfolio. That brought its total holdings to 104,253 shares.
The added shares brought the total value of Waverly Advisors' position in the heavy machinery maker to approximately $111.0 million. Filings of this type look backward at a prior quarter and may not reflect the firm's current holdings today.
Caterpillar Stock Trades Near Record Highs
Caterpillar shares changed hands around $1064.90, sitting near the top of their 52-week range of $510.21 to $1073.46. The company carries a price-to-earnings ratio of 31.7, with a forward P/E ratio of 22.6. These figures arrive as the broader industrial sector experiences varied demand across construction and mining markets.
Insider Buying and Selling at Caterpillar Inc.
Company leaders picked up shares of Caterpillar stock in late June 2026. Chief Executive Officer Joseph Creed bought 16 shares on June 26, 2026, at an average price of $997.47 for a total of $15,959.52. Chief Financial Officer Epley Kyle Joseph also purchased 6 shares on June 26, 2026, at $997.47 per share worth $5,984.82. Group President Jason Kaiser picked up 5 shares on June 26, 2026, at $997.47 per share valued at $4,987.35, while David Maclennan added 22 shares on June 30, 2026, at $1055.33 per share totaling $23,217.26.
Analysts Set New Price Targets
Wall Street firms updated their views on Caterpillar through the late summer and fall of 2026. On October 12, 2026, Citigroup maintained its Buy rating while adjusting its price target to $950.00 from $1100.00. Earlier, on October 5, 2026, Truist Securities kept a Buy rating with a target of $1100.00 down from $1225.00. Freedom Broker initiated coverage with a Buy rating and a $980.00 target on September 10, 2026. Evercore ISI Group kept an Outperform rating with a $1045.00 target on August 11, 2026, and DA Davidson maintained a Neutral rating at an $882.00 target on August 6, 2026. Barclays kept an Equal-Weight rating with a $900.00 target on August 6, 2026, UBS maintained a Neutral rating with a $925.00 target on August 5, 2026, and Truist Securities reiterated a Buy rating with a $1225.00 target on August 5, 2026. Across 26 analyst opinions, the stock holds a consensus Buy recommendation with a mean target price of $951.11.
Heavy Machinery Leader Focuses on Global Infrastructure
Caterpillar designs and manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Operating globally, the company serves customers across infrastructure, resource industries, and energy sectors. Its financial products division provides operating and finance leases, working capital loans, and dealer portfolio support.
What to Watch Next for Caterpillar
Investors will look toward Caterpillar's next earnings release, scheduled for October 29, 2026, for updates on revenue growth and profit margins. Future institutional filings will show whether firms like Waverly Advisors maintain or adjust their large positions in the industrial giant.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $CAT (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts