UBS Upgrades Caterpillar’s Outlook Amid Mixed Fund Activity

Fintel reports that on May 16, 2025, UBS upgraded their outlook for Caterpillar (SNSE:CAT) from Sell to Neutral.

Current Fund Sentiment

There are currently 3,939 funds or institutions with positions in Caterpillar. This marks a decrease of 15 owners, or 0.38%, in the last quarter. The average portfolio weight of all funds dedicated to CAT rose by 8.93% to 0.40%. However, total shares owned by institutions declined over the past three months, falling by 3.61% to 372,124K shares.

Actions of Other Shareholders

State Farm Mutual Automobile Insurance holds 17,669K shares, representing 3.76% ownership of the company. This reflects a decrease from the previous filing of 17,734K shares, a drop of 0.37%. The firm also reduced its portfolio allocation in CAT by 42.94% over the last quarter.

The Vanguard Total Stock Market Index Fund (VTSMX) holds 15,125K shares, equating to 3.22% ownership. Previously, the fund owned 15,368K shares, indicating a decrease of 1.61%. Its portfolio allocation in CAT was decreased by 10.05% in the last quarter.

Vanguard 500 Index Fund (VFINX) now owns 13,069K shares, which corresponds to 2.78% ownership. This is an increase from the prior ownership of 12,700K shares, reflecting a change of 2.82%. Nevertheless, the firm decreased its allocation in CAT by 9.70% in the past quarter.

Geode Capital Management possesses 10,517K shares, making up 2.24% of ownership. This shows a slight increase from the previous 10,450K shares, with a substantial decrease of 50.90% in its portfolio allocation over the last quarter.

Fisher Asset Management holds 9,210K shares, representing 1.96% ownership. This is an increase from the earlier reported 9,082K shares, or a change of 1.39%. The firm slightly increased its portfolio allocation in CAT by 0.31% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.