Caterpillar (NYSE:CAT) Trading 3.1% Higher After Analyst Upgrade

Posted by Stanley Muller on May 11th, 2026

Caterpillar Inc. (NYSE:CAT – Get Free Report) rose 3.1% during mid-day trading on Monday after Evercore raised their price target on the stock from $878.00 to $1,103.00. The company traded as high as $929.00 and last traded at $925.5430. Approximately 2,745,315 shares traded hands during trading, an increase of 1% from the average daily volume of 2,713,392 shares. The stock had previously closed at $897.45.

CAT has been the subject of a number of other research reports. Citigroup increased their price objective on shares of Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company increased their price objective on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. HSBC increased their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Wolfe Research raised their price target on shares of Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Bank of America raised their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $911.77.

View Our Latest Research Report on Caterpillar

Insider Activity

In other Caterpillar news, insider Rodney Michael Shurman sold 5,639 shares of Caterpillar stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $903.18, for a total value of $5,093,032.02. Following the transaction, the insider directly owned 2,546 shares in the company, valued at approximately $2,299,496.28. The trade was a 68.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction on Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the transaction, the insider owned 9,594 shares in the company, valued at approximately $8,471,789.82. This represents a 37.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,734 shares of company stock worth $67,054,613 over the last three months. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CAT. Illinois Municipal Retirement Fund lifted its holdings in shares of Caterpillar by 7.3% in the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock valued at $8,237,000 after purchasing an additional 1,181 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Caterpillar in the third quarter valued at approximately $8,893,000. ZEGA Investments LLC increased its position in Caterpillar by 149.6% during the third quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company’s stock worth $1,996,000 after purchasing an additional 2,508 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Caterpillar by 2.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company’s stock worth $79,053,000 after purchasing an additional 4,010 shares during the last quarter. Finally, Juno Financial Group LLC acquired a new position in Caterpillar during the fourth quarter worth approximately $877,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 3.1%

The firm’s 50-day moving average price is $755.75 and its 200-day moving average price is $664.91. The company has a market cap of $426.30 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the prior year, the business earned $4.25 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio is presently 30.06%.

About Caterpillar

(Get 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.