Q2 EPS Estimates for Caterpillar Decreased by Zacks Research

Caterpillar Inc. (NYSE:CAT) – Investment analysts at Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for shares of Caterpillar in a report released on Tuesday, May 13th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $4.59 per share for the quarter, down from their prior forecast of $4.99. The consensus estimate for Caterpillar’s current full-year earnings is $19.86 per share. Zacks Research also issued estimates for Caterpillar’s Q3 2025 earnings at $4.45 EPS.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. During the same period last year, the firm earned $5.60 earnings per share. Caterpillar’s quarterly revenue was down 9.8% compared to the same quarter last year.

Several other analysts have also commented on CAT. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Citigroup raised their target price on shares of Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Robert W. Baird raised Caterpillar from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $309.00 to $395.00 in a report on Tuesday. Finally, Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $377.83.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $349.83 on Thursday. Caterpillar has a 1 year low of $267.30 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The business’s 50 day moving average price is $317.05 and its 200-day moving average price is $354.61. The firm has a market capitalization of $164.78 billion, a PE ratio of 15.85, a P/E/G ratio of 1.87 and a beta of 1.35.

Hedge Funds Weigh In On Caterpillar

A number of hedge funds have recently added to or reduced their stakes in CAT. Vanguard Group Inc. increased its holdings in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after purchasing an additional 284,366 shares during the period. Geode Capital Management LLC boosted its stake in Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after acquiring an additional 236,315 shares during the last quarter. Fisher Asset Management LLC boosted its position in Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock worth $3,294,505,000 after purchasing an additional 129,143 shares during the period. Northern Trust Corp lifted its holdings in Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock worth $2,483,937,000 after purchasing an additional 724,477 shares in the last quarter. Finally, Norges Bank bought a new position in Caterpillar in the 4th quarter worth about $2,184,364,000. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 375 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is currently 27.49%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.