Stocks

Caterpillar Sees Sustained Demand with Record Backlog

Guavy AI Editorial Team Published August 16, 2026

Instruments

CAT

Independent Financial Group LLC increased its stake in Caterpillar Inc. (NYSE:CAT) by 55.6% during the second quarter, purchasing an additional 6,490 shares of the industrial products company's stock.

The firm now owns a total of 18,157 shares of CAT's stock, which were valued at $19,336,000 as of the end of the most recent quarter.

Caterpillar reported a record-breaking $72 billion backlog at the end of Q2, signaling sustained demand for heavy equipment and supporting the company's upgraded 2026 sales outlook.

The Wire

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