Caterpillar (NYSE:CAT – Get Free Report) had its price target raised by research analysts at Truist Financial from $1,218.00 to $1,225.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective points to a potential upside of 37.81% from the stock’s previous close.
Several other research firms also recently weighed in on CAT. Rothschild & Co Redburn raised their target price on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, UBS Group reissued a “neutral” rating and set a $925.00 price target on shares of Caterpillar in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $989.00.
Read Our Latest Stock Analysis on Caterpillar
Caterpillar Price Performance
Caterpillar (NYSE:CAT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the company earned $4.72 earnings per share. Caterpillar’s revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that Caterpillar will post 24.87 EPS for the current year.
Insider Buying and Selling
In related news, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider directly owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William E. Schaupp sold 360 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total transaction of $326,160.00. Following the transaction, the chief accounting officer directly owned 530 shares of the company’s stock, valued at $480,180. This trade represents a 40.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 35,444 shares of company stock worth $32,335,679. 0.33% of the stock is owned by company insiders.
Institutional Trading of Caterpillar
Institutional investors and hedge funds have recently made changes to their positions in the company. Axxcess Wealth Management LLC grew its stake in shares of Caterpillar by 2.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after acquiring an additional 604 shares in the last quarter. Juno Financial Group LLC purchased a new position in Caterpillar in the fourth quarter valued at about $877,000. DSG Capital Advisors LLC purchased a new stake in Caterpillar during the 1st quarter worth approximately $1,226,000. Cornerstone Planning LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $4,517,000. Finally, Ticino Wealth acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $2,488,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Key Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Major earnings and revenue beat: Caterpillar reported record second-quarter sales and revenue of $20.5 billion, up 24% year over year and above the roughly $19.3 billion analyst estimate. Adjusted profit per share was $8.17, well ahead of consensus near $6.22, compared with $4.72 a year earlier. Caterpillar Reports Second-Quarter 2026 Results
- Positive Sentiment: Higher 2026 outlook: Management raised its full-year revenue-growth forecast to the mid-to-high teens percentage range from the previous low-double-digit outlook, citing broadening momentum, stronger segment demand and a record backlog exceeding $72 billion. Caterpillar lifts 2026 sales growth target
- Positive Sentiment: Power and energy strength: The Power and Energy segment generated approximately $8.2 billion in sales and more segment profit than Construction Industries, reflecting demand for generators and other equipment used in AI data centers and related infrastructure. Caterpillar Now Makes Almost as Much Selling Power
- Positive Sentiment: Shareholder returns and demand visibility: Caterpillar deployed $2.2 billion toward dividends and share repurchases during the quarter. Investors also view the large backlog and planned capacity expansion as support for second-half growth.
- Neutral Sentiment: Broader market strength, including record levels for major U.S. indexes, provided an additional favorable backdrop for economically sensitive industrial shares.
- Negative Sentiment: Valuation remains a risk: Some analysts argue that CAT’s strong outlook is already reflected in a forward P/E above 30 and a free-cash-flow yield near 3.2%. If AI infrastructure spending slows or the industrial cycle turns, premium valuation could amplify downside and limit medium-term returns. Caterpillar: You Can’t Avoid the Cycle
About Caterpillar
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.
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