Caterpillar (NYSE:CAT – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a report issued on Friday, Benzinga reports. They presently have a $1,027.00 target price on the industrial products company’s stock, down from their previous target price of $1,100.00. Truist Financial‘s price target points to a potential upside of 62.53% from the stock’s current price.
Other analysts also recently issued reports about the company. Zacks Research downgraded Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. UBS Group cut their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a report on Monday. Robert W. Baird set a $970.00 price target on Caterpillar in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Oppenheimer restated an “outperform” rating and issued a $1,009.00 target price on shares of Caterpillar in a research report on Thursday. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $937.08.
Get Our Latest Analysis on Caterpillar
Caterpillar Price Performance
Caterpillar stock traded down $15.49 during midday trading on Friday, reaching $631.90. The company’s stock had a trading volume of 1,912,802 shares, compared to its average volume of 2,842,631. The stock’s 50 day simple moving average is $787.07 and its 200 day simple moving average is $807.56. The firm has a market capitalization of $290.47 billion, a PE ratio of 27.20, a P/E/G ratio of 1.22 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. Caterpillar has a fifty-two week low of $537.08 and a fifty-two week high of $1,073.46.
Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The company had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.95 earnings per share. On average, equities research analysts forecast that Caterpillar will post 27.74 earnings per share for the current year.
Insider Transactions at Caterpillar
In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.33% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CAT. Stonebridge Financial Group LLC increased its holdings in shares of Caterpillar by 0.7% in the second quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock valued at $1,741,000 after purchasing an additional 11 shares in the last quarter. Inspirion Wealth Advisors LLC lifted its holdings in Caterpillar by 1.2% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock worth $936,000 after buying an additional 11 shares in the last quarter. Bell Bank lifted its holdings in Caterpillar by 0.6% during the 2nd quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock worth $1,986,000 after buying an additional 11 shares in the last quarter. Cornerstone Advisory LLC boosted its position in Caterpillar by 0.7% in the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 12 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in Caterpillar by 0.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,057 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Key Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Third-quarter sales and revenues rose 17% year over year to approximately $20.7 billion, while adjusted profit per share of $7.20 exceeded analysts’ expectations. Higher volume, pricing and operating leverage lifted profitability. Caterpillar Reports Third-Quarter 2026 Results
- Positive Sentiment: Demand tied to data centers remains a key growth driver: power-generation sales increased about 30%, and Caterpillar reported a record backlog of roughly $78 billion extending into 2029–2030. Management also returned $2 billion through share repurchases and dividends during the quarter. Caterpillar posts highest sales quarter ever
- Neutral Sentiment: Some analysts see substantial long-term upside because the backlog could support revenue growth and margin expansion, with consensus estimates calling for approximately 17.8% revenue growth in fiscal 2026 and 10.8% in fiscal 2027. However, the stock’s valuation leaves limited room for execution setbacks.
- Negative Sentiment: Revenue of $20.68 billion came in below the approximately $20.76 billion consensus estimate, and quarterly growth slowed from 24% in the prior quarter. Investors had expected Caterpillar to raise its annual outlook, but management maintained its existing forecast and characterized fourth-quarter revenue growth as moderate. Caterpillar Sales Jump, But Wall Street Wanted More
- Negative Sentiment: Rising inventories, tariff-related costs and concerns about the pace of backlog conversion are adding pressure to the outlook. After a major prior rally, investors appear to be taking profits in AI-linked industrial stocks and demanding greater valuation support. Reports also indicate substantially more insider selling than buying in recent months.
About Caterpillar
Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.
Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.
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