Valeo Boosts Stake in Caterpillar as Record Earnings Drive Stock

Caterpillar Inc.'s stock continues to attract institutional investors, including Valeo Financial Advisors LLC. The company's latest 13F filing revealed that Valeo increased its stake in Caterpillar by 50.2% during the second quarter.

Valeo now owns 33,191 shares of Caterpillar's stock, valued at $35,340,000. This represents a significant portion of Valeo's portfolio, making it the company's 26th largest position. Other institutional investors have also made changes to their positions in CAT during the second quarter.

Caterpillar has been performing well, with its record quarterly earnings and guidance remaining powerful catalysts for the stock. The company reported EPS of $8.17 versus the $6.22 consensus and revenue of $20.54 billion versus expectations of $19.34 billion.