When most people think of Caterpillar (CAT -2.42%), they think of the iconic yellow tractors, harvesters, and other farm equipment that have powered American agriculture for over a century. And of course, the company is also known for its construction equipment, including backhoes, bulldozers, and excavators (also yellow), among many other types of heavy equipment.
But recently, a new narrative has emerged about Caterpillar: It's an artificial intelligence (AI) stock, and one that investors optimistic about the AI revolution should absolutely consider, as a way to diversify away from core AI stocks like Nvidia, Alphabet, and Micron Technology, but still benefit from the massive AI infrastructure build-out now taking place.
How do I know this? Well, just look at the company's most recent quarterly results.
In the second quarter, Caterpillar's total revenue grew an impressive 24% over the same quarter in 2025. And earnings per share soared 73% from a year ago.
Power equipment sales are driving revenue growth
But you only need to dig a little deeper to uncover which segment is really exploding at the company: power generation. Total retail sales for the power and energy segment rose 33% in the quarter. And what drove that? Retail sales of power generation equipment, which climbed an incredible 72%.
In the earnings call after the Q2 results were released on Aug. 4, CEO Joseph Creed said the increase was due to "very strong demand for large gen[erator] sets and turbines used in data center applications."
AI data centers have a nearly insatiable thirst for power, so sales of power-supplying equipment are going gangbusters. In 2025, data centers consumed about 4.9% of the U.S. electricity supply. In some states, that was more than 10%; in data center-heavy Virginia, it's more than one-quarter. Electricity consumption by U.S. data centers is projected to more than double by 2030. And from there, who knows?
Better still, customers for Caterpillar's power and energy equipment are now placing orders through 2030. As a result, the company's backlog, now at a record $72 billion, has expanded 92% over the past year.
$687.00-$17.05 (-2.42%)
NYSE · As of 4:00 PM ET 10/23/26
So, a large portion of Caterpillar's revenue growth right now is driven by data center construction and power needs. And that looks to increase in the coming months and years. Caterpillar calls its power and energy its "Largest and Fastest Growing Segment."
Image source: Getty Images.
Caterpillar will report its third-quarter earnings on Oct. 29. Wall Street expects revenue growth of 17% over the same quarter last year and earnings of $7.03 per share, up 42% from a year ago. I wouldn't be surprised if the company beats those estimates.
For investors who believe, as I do, that the AI spending juggernaut will continue for years to come, investing in Caterpillar is a good way to profit from it while diversifying a bit from the core AI stocks.
Caterpillar (CAT - Free Report) closed the most recent trading day at $740.21, moving +2.06% from the previous trading session. This change outpaced the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.05%.
The stock of construction equipment company has fallen by 10.24% in the past month, lagging the Industrial Products sector's loss of 2.94% and the S&P 500's gain of 0.97%.
The investment community will be paying close attention to the earnings performance of Caterpillar in its upcoming release. The company is slated to reveal its earnings on October 29, 2026. It is anticipated that the company will report an EPS of $7.12, marking a 43.84% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $20.58 billion, up 16.69% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $27.74 per share and a revenue of $80.19 billion, demonstrating changes of +45.54% and +18.65%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Caterpillar. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.34% higher within the past month. Currently, Caterpillar is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Caterpillar is at present trading with a Forward P/E ratio of 26.15. This expresses a premium compared to the average Forward P/E of 16.68 of its industry.
Also, we should mention that CAT has a PEG ratio of 1.24. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Manufacturing - Construction and Mining industry had an average PEG ratio of 1.15 as trading concluded yesterday.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Columbia Asset Management ve třetím čtvrtletí snížila svůj podíl ve společnosti Caterpillar o 5,9 % prodejem 839 akcií, čímž její podíl klesl na 13 328 akcií v hodnotě 10 806 000 USD.
Columbia Asset Management cut its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,328 shares of the industrial products company’s stock after selling 839 shares during the quarter. Caterpillar comprises approximately 1.7% of Columbia Asset Management’s holdings, making the stock its 14th largest position. Columbia Asset Management’s holdings in Caterpillar were worth $10,806,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Caterpillar during the 2nd quarter worth about $40,457,153,000. State Street Corp lifted its stake in shares of Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after buying an additional 1,396,356 shares during the period. Bank of America Corp DE bought a new stake in shares of Caterpillar in the second quarter valued at about $5,818,150,000. Diamant Asset Management Inc. grew its position in Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after buying an additional 3,136,020 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Caterpillar during the second quarter worth about $3,192,710,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Insiders Place Their Bets In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In CAT has been the topic of several research reports. Needham & Company LLC set a $980.00 price target on Caterpillar in a research note on Thursday, September 10th. Citigroup lowered their price target on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a report on Monday, October 12th. UBS Group boosted their price target on shares of Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective for the company in a research note on Thursday, September 10th. Finally, Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $967.83. Check Out Our Latest Research Report on Caterpillar
Caterpillar Price Performance Shares of CAT stock opened at $724.96 on Tuesday. Caterpillar Inc. has a 52-week low of $510.21 and a 52-week high of $1,073.46. The stock has a market cap of $333.24 billion, a PE ratio of 30.68, a PEG ratio of 1.26 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. The firm’s 50 day moving average price is $810.02 and its two-hundred day moving average price is $856.81.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.72 earnings per share. As a group, analysts forecast that Caterpillar Inc. will post 27.49 EPS for the current year.
Caterpillar Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s payout ratio is currently 28.06%.
Caterpillar Company Profile (Free Report)
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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Assenagon Asset Management S.A. lifted its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 663.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,512 shares of the industrial products company’s stock after purchasing an additional 101,254 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Caterpillar were worth $94,467,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. lifted its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co grew its position in Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new stake in Caterpillar during the second quarter worth approximately $36,000. Lam Group Inc. bought a new stake in shares of Caterpillar in the 1st quarter worth $26,000. Finally, Tacita Capital Inc acquired a new position in shares of Caterpillar in the 2nd quarter worth approximately $47,000. Institutional investors own 70.98% of the company’s stock.
Insider Buying and Selling In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In Several research firms have recently weighed in on CAT. Citigroup dropped their target price on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research report on Monday. President Capital initiated coverage on shares of Caterpillar in a research note on Friday, September 18th. They set a “buy” rating and a $999.00 price target on the stock. Truist Financial reduced their target price on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, October 5th. 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 note on Wednesday, August 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $749.00 target price on shares of Caterpillar in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $967.83. Get Our Latest Research Report on CAT
Key Stories Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Caterpillar will invest up to $10 million in North Carolina workforce training, supporting technicians and manufacturing workers as it expands its Sanford operations. The investment complements a previously announced roughly $1 billion facility investment intended to increase compact-equipment production. Caterpillar Invests in North Carolina’s Future Manufacturing Workforce Positive Sentiment: The acquisition of the Fabick CAT dealer network could strengthen Caterpillar’s distribution and customer-support footprint, although financial terms and the transaction’s earnings impact were not provided. Caterpillar acquires Fabick Cat dealer network Neutral Sentiment: Caterpillar scheduled its third-quarter 2026 results for October 29, giving investors a near-term catalyst to assess demand, margins and guidance. Caterpillar Third-Quarter 2026 Results Announcement Neutral Sentiment: Resource Industries President Denise Johnson will retire in February 2027, with Derrick York appointed as her successor effective November 1. Johnson will remain in an advisory role during the transition, limiting immediate disruption concerns. Caterpillar Announces Leadership Transition in Resource Industries Negative Sentiment: An analyst downgrade pressured the stock, while Oppenheimer issued a pessimistic forecast. These actions reinforce concerns about Caterpillar’s valuation and future earnings outlook. Caterpillar Shares Down on Analyst Downgrade Negative Sentiment: A broader unwind in the AI-related power trade also weighed on Caterpillar, as investors reassessed companies expected to benefit from data-center electricity demand. Comparisons with Generac highlighted differences in backlog, valuation and financial strength. AI Power Trade Unwinds Caterpillar Stock Down 0.8% NYSE:CAT opened at $730.01 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $335.57 billion, a P/E ratio of 31.41, a P/E/G ratio of 1.27 and a beta of 1.58. The stock’s fifty day simple moving average is $812.24 and its 200-day simple moving average is $855.37. Caterpillar Inc. has a 12-month low of $510.21 and a 12-month high of $1,073.46.
Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.72 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 27.49 earnings per share for the current year.
Caterpillar Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. Caterpillar’s payout ratio is currently 28.06%.
Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.
The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.
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Denise Johnsonová odejde 1. února 2027 do důchodu z čela divize Resource Industries společnosti Caterpillar. Od 1. listopadu 2026 ji nahradí Derrick York.
, /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced Denise Johnson, group president of Resource Industries, has elected to retire effective Feb. 1, 2027. Derrick York, who currently serves as president of Solar Turbines and Caterpillar senior vice president, has been appointed group president of Resource Industries, effective Nov. 1, 2026, at which time Johnson will assume an advisory role to ensure a seamless leadership transition.
Denise Johnson, group president of Resource Industries, has elected to retire Feb. 1, 2027.
Derrick York has been appointed group president of Resource Industries effective Nov. 1, 2026. Since joining Caterpillar in 2011, Johnson has transformed Caterpillar's mining business and advanced the industry, championing technologies that define the modern mine site. She assumed leadership of Resource Industries in 2016 during a historic mining downturn. Her leadership strengthened operations and the portfolio while maintaining a clear focus on long-term growth, returning the segment to profitability and ultimately delivering its strongest financial performance in more than a decade.
"Denise took on a critical role during one of the mining industry's most challenging times," said Joe Creed, Caterpillar chairman and CEO. "Her disciplined leadership restored Resource Industries to profitability and positioned Caterpillar as an industry leader in mining autonomy and technology. We are deeply grateful for all she has done to strengthen our relationships with customers, develop our people and shape the future of our company. Her impact and influence will be remembered long after her retirement."
Throughout her career, Johnson has been a respected voice across the mining, manufacturing and engineering communities, serving on numerous industry and academic boards and helping advance the future of mining worldwide.
Since 2023, York has led the global business unit that provides industrial gas turbines and compressors for oil & gas and power generation applications. In his 16 years with the company, he has also served as senior vice president of Caterpillar's Oil & Gas and Marine division and held leadership roles in finance and corporate development. Earlier in his career, York worked in banking and public accounting.
York has a bachelor's degree in finance from the University of Illinois at Urbana-Champaign and a master's degree in business administration from Northwestern University's Kellogg School of Management.
"Derrick is a highly respected leader who understands our customers, our strategy and the industries we serve," said Creed. "He is well positioned to lead the team into its next chapter of innovation, growth and customer success."
Johnson expressed confidence in York and the future of Resource Industries.
"The greatest accomplishment of any leader is leaving an organization better positioned for the future. I'm proud of the foundation we've built, the people we've developed and the enduring impact this team will continue to make," said Johnson. "Derrick is the right leader to build on that foundation and move Resource Industries forward."
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at www.caterpillar.com.
Funding will expand access to workforce training, define skills needed for future jobs and connect more people to modern manufacturing careers
Sanford Area Growth Alliance and Central Carolina Community College launch statewide workforce initiative in Sanford
, /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) expanded its workforce commitment to North Carolina, the most recent investment for its five-year, $100 million Building the Future Workforce Initiative. With an allocation of up to $10 million, the funding aims to prepare current and future workers for jobs in modern manufacturing and industry technician roles.
Caterpillar is allocating up to $10 million in North Carolina to prepare workers for manufacturing jobs of the future.
"Investing in people is essential to building the workforce advanced manufacturing will need for the future," said Christy Pambianchi, Caterpillar's chief human resources officer. "North Carolina's growth creates an opportunity to help more people build the skills they need for careers in manufacturing and strengthen the workforce that will support the industry for years to come."
Why North Carolina?
As a critical manufacturing hub, North Carolina is a natural fit for this investment. Caterpillar employs more than 3,600 people in North Carolina, has a strong dealer network and works with 325 suppliers across the state.
"North Carolina is home to the largest manufacturing workforce in the Southeast, and Caterpillar recognizes what our state brings to the table," said North Carolina Gov. Josh Stein. "I thank Caterpillar for its long-standing partnership and look forward to more economic opportunity coming to Sanford."
Caterpillar recently announced plans to invest approximately $1 billion in North Carolina to expand manufacturing capacity for products that support its growing Cat Compact™ business, which provides compact equipment solutions for small contractors and growing businesses. The investment includes plans for a new modern manufacturing facility in Sanford, designed to increase production of compact track loaders and telehandlers to meet customer demand. The project supports the company's Cat Compact approach, focused on making its equipment and solutions easier for customers to access.
Also in North Carolina, Caterpillar's Clayton facility manufactures small wheel loaders and supports the distribution of backhoe loaders. Together, these operations help Caterpillar serve customers while advancing manufacturing excellence, innovation, workforce development and economic growth across the state.
Caterpillar is collaborating with leading North Carolina organizations, like Central Carolina Community College and the Sanford Area Growth Alliance, to advance the Building the Future Workforce Initiative. The program aims to expand hands-on manufacturing pathways for students, mobilize employer engagement across the region and provide individuals with access to affordable, relevant training that leads to career advancement.
This marks the sixth allocation for this initiative, which includes launches in Indiana, Texas, Illinois and Arkansas, as well as an innovation challenge. For more information on how these funds are upskilling talent for modern manufacturing and industry technician roles, and to stay up to date with future announcements, visit the Caterpillar Building the Workforce Initiative.
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at www.caterpillar.com.
Caterpillar zvýšil výhled růstu tržeb pro rok 2026 na střední až vyšší hodnoty v rozmezí nácti procent poté, co růst objemů zvýšil tržby v prvním pololetí o 5,4 miliardy USD.
Key Takeaways Caterpillar added $5.4 billion in first-half 2026 revenues from volume growth.Construction Industries led volume gains with $3.21 billion, followed by Power & Energy at $1.58 billion.CAT raised 2026 sales growth forecast to the mid-to-high teens, driven by strength across all three segments. Caterpillar Inc. (CAT - Free Report) is witnessing strong sales volumes reflecting improving demand across its major businesses. After experiencing prolonged volume weakness, the construction and mining equipment giant has been delivering volume growth since the second quarter of 2025, supported by higher equipment sales to end users and favorable dealer inventory movements. With momentum strengthening across its three primary segments so far this year, the company has raised its full-year revenue outlook.
In the second quarter of 2026, higher sales volumes contributed $3.1 billion, accounting for 19.9% of revenue growth and pushing total sales and revenues to a record $20.5 billion. This followed a 17.3% volume contribution in the first quarter. Overall, volume gains added $5.4 billion to revenues in the first half of 2026.
The improvement marks a significant turnaround from 2025, when Caterpillar reported a modest $237 million increase in sales volume in the second quarter following six consecutive quarters of declines. The recovery was primarily driven by Power & Energy, while Construction Industries and Resource Industries continued to face volume declines. However, momentum broadened in the third quarter of 2025, with all three segments returning to positive volume growth and sustaining the trend since then.
Broad-Based Volume Strength Supports CAT's GrowthConstruction Industries emerged as the largest contributor, generating $3.21 billion in volume growth during the first half of 2026. Higher equipment sales to end users and favorable dealer inventory changes drove the improvement.
Power & Energy added approximately $1.58 billion in volume growth in the first half of 2026, benefiting from strong demand for large reciprocating engines, turbines and related services, particularly for data centers. Increased demand for gas-compression equipment, aftermarket parts and turbines also supported Oil & Gas.
Resource Industries contributed $724 million in volume growth for the period, primarily reflecting higher equipment sales to mining customers.
Encouraged by this momentum, Caterpillar raised its 2026 sales and revenue growth forecast to the mid-to-high teens from its earlier low-double-digit projection.
Looking ahead, Construction Industries should benefit from infrastructure spending, heavy construction activity and investments in data centers. Additional dealer rental fleet loading, including Major Projects activity, should further support volumes.
Resource Industries is positioned to gain from favorable commodity prices, mining fleet replacement demand and strength in Heavy Construction and Quarry and Aggregates.
Meanwhile, Power & Energy should continue benefiting from rising electricity requirements associated with Artificial Intelligence, cloud computing and data centers. Strong demand for prime-power solutions and gas compression, along with a healthy turbine backlog, should sustain growth.
How Are CAT's Peers Performing?Komatsu (KMTUY - Free Report) reported a 4% revenue increase to $6.54 billion in the fiscal fourth quarter of 2026 ended June 30, 2026. Construction, Mining & Utility Equipment sales rose 14.4%, while Industrial Machinery & Others sales increased 21.7%. For fiscal 2027 (ending March 31, 2027), Komatsu expects net sales to grow 4.1%, with gains of 4.3% in Construction, Mining & Utility Equipment and 5.5% in Industrial Machinery & Others.
Terex (TEX - Free Report) reported a 51% year-over-year sales increase to $2.24 billion in the second quarter of 2026. Supported by its backlog and business momentum, Terex expects approximately 7% pro forma sales growth in 2026, with revenues projected between $7.9 billion and $8.2 billion. By segment, Terex expects sales to rise low single digits in Environmental Solutions, low double digits in Materials Processing and Aerials, and high single digits in Specialty Vehicles compared with their respective prior-year baselines.
CAT’s Price Performance, Valuation & EstimatesCAT shares have gained 59.3% so far this year compared with the industry’s 48.9% growth.
Image Source: Zacks Investment Research
Caterpillar is currently trading at a forward 12-month price/earnings (P/E) ratio of 25.10X compared with the industry average of 23.70X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 points to year-over-year earnings growth of 44.3%, while the 2027 estimate implies growth of 20.7%.
Image Source: Zacks Investment Research
Earnings estimates for Caterpillar for both 2026 and 2027 have moved up over the past 60 days, as shown in the chart below.
Image Source: Zacks Investment Research
Caterpillar stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Caterpillar ve 2. čtvrtletí vykázal rekordní upravené EPS ve výši 8,17 USD a tržby 20,5 mld. USD, což představuje meziroční nárůst o 23,5 %; objednávková kniha činila 72,1 mld. USD.
SummaryCaterpillar is upgraded to Buy, with shares now undervalued relative to robust forward EPS growth and a favorable risk/reward profile.Q2 results were record-breaking: $8.17 EPS (vs. $7.20 consensus), $20.5B revenue (+23.5% YoY), and a $72.1B order backlog.CAT’s 2026 EPS forecast rose from $24.72 to $27.19, supporting a $930 intrinsic value using a 30x P/E and a reasonable PEG ratio.Technicals are mixed, but sustained support above $770 and an improving RSI favor a long position with a stop below $770. Jajang Komarudin/iStock Editorial via Getty Images
Caterpillar Inc. (CAT) shares bounced off critical support in September. Leading into its Q3 earnings report in a few weeks, the Dow component remains among the best of the 30 blue chips YTD. But the
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Caterpillar ve čtvrtletí překonal odhady: zisk na akcii dosáhl 8,17 USD oproti očekávaným 6,22 USD a tržby meziročně vzrostly o 23,7 % na 20,54 miliardy USD.
Park National Corp OH boosted its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,449 shares of the industrial products company’s stock after purchasing an additional 1,962 shares during the period. Park National Corp OH’s holdings in Caterpillar were worth $32,796,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Caterpillar during the 2nd quarter worth about $40,457,153,000. State Street Corp increased its holdings in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after purchasing an additional 1,396,356 shares in the last quarter. Bank of America Corp DE acquired a new position in Caterpillar in the second quarter valued at approximately $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $3,192,710,000. Finally, Legal & General Group Plc bought a new stake in shares of Caterpillar in the 2nd quarter valued at $2,783,451,000. 70.98% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth CAT has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. UBS Group increased their target price on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Truist Financial decreased their price target on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of 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, Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $989.17.
View Our Latest Report on Caterpillar Insider Buying and Selling at Caterpillar In other news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.
Caterpillar Stock Up 1.1% NYSE CAT traded up $9.07 on Monday, reaching $854.49. The company had a trading volume of 954,297 shares, compared to its average volume of 2,815,418. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company’s fifty day moving average is $822.30 and its 200 day moving average is $850.06. Caterpillar Inc. has a 52-week low of $483.55 and a 52-week high of $1,073.46. The stock has a market capitalization of $392.78 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.47 and a beta of 1.58.
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 (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the business posted $4.72 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.
Caterpillar News Summary Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: AI data-center opportunity: CAT is identified as a potential fourth-quarter rebound candidate after lagging other AI infrastructure-related stocks in the third quarter. Demand for data-center power equipment, along with favorable guidance and analyst estimate revisions, could support future results. Buy Q3 AI Data Center Laggards CAT, GLW, JBL for a Rebound in Q4 Positive Sentiment: Industrial and infrastructure demand remain supportive: CAT is included among stocks that could benefit from steady factory orders, construction activity, mining demand and infrastructure spending. The company’s power systems may also gain from the rapid expansion of data centers. 4 Stocks to Boost Your Portfolio on Steady Growth in Factory Orders Positive Sentiment: Strong recent operating performance: Caterpillar’s latest reported quarter included record revenue of approximately $20.5 billion, 23.7% year-over-year growth and earnings of $8.17 per share, well above the $6.22 consensus estimate. Local leaders also highlighted the company’s planned $1 billion investment in Sanford, signaling continued expansion. Caterpillar is a Great Business. But is CAT Stock a Great Buy? Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.
The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.
Featured Articles Five stocks we like better than Caterpillar A Manufacturing Surprise Could Be a Big Win for These 2 Companies What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Insiders Are Selling These 3 Stocks, Should You? Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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, the construction, mining and distributed-power equipment company, won Morgan Stanley's backing as strategists favored high-quality industrial names, lifting shares 0.5% to $849.54 at 11.45am ET on Oct. 5. The stock sits 83.52% above its $462.92 GF Value estimate, signaling that investors have already priced in plenty of future growth.
The operating engine is delivering. Caterpillar's second-quarter results showed revenue jumping 24% to a record $20.5 billion, while adjusted operating margin reached 21.9%. Its Helios platform adds another layer, powering analytics, machine learning and AI tools across connected equipment.
The AI angle cuts both ways—in a good sense. Caterpillar can sell power equipment into data centers while using software and autonomy to make customers more productive. But valuation is the pressure point. At such a steep premium to GF Value, backlog conversion and recurring digital revenue must keep climbing to justify the next leg higher.
Caterpillar ve druhém čtvrtletí zvýšil tržby na rekordních 20,5 miliardy USD, provozní marži na 20,9 % a EPS na 7,77 USD. Firma zároveň ztrojnásobuje kapacity pro dodávky energie datovým centrům s AI.
Caterpillar (CAT +2.31%) is a leading maker of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
On Oct. 1, the industrial stock was trading at around $822 per share and was up more than 43% so far this year, though it's down notably from the 52-week high of $1,073.46 it reached on June 30.
In that context, it certainly isn't out of the realm of possibility that Caterpillar could be trading above $1,000 within the next three years, and here are three reasons why I think it will be.
Image source: Getty Images
Data center AI infrastructure and off-grid power needs The explosion in artificial intelligence (AI) and data center construction has created an acute power bottleneck. Hyperscalers cannot rely solely on local electrical grid interconnections to get access to the many megawatts their data centers need. In many places, there are multiyear interconnect queues for large electricity customers.
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Caterpillar's energy and transportation division has become a core supplier of primary and backup power for AI facilities -- specifically its reciprocating industrial engines and solar turbines. The company said it is tripling its production capacity of large reciprocating engines relative to its 2024 baseline. As hyperscalers sign multi-gigawatt power contracts, Caterpillar will be able to secure long-duration, high-margin equipment backlogs.
In the second quarter, the company reported record revenue of $20.5 billion, up 24% year over year. Its operating profit margin grew from 17.3% in the prior-year quarter to 20.9%, and earnings per share rose 68% to $7.77.
It is seeing more high-margin growth Traditionally, the market has valued Caterpillar as a cyclical manufacturing company, recognizing that its business would be subject to both uplifting booms and sharp declines based on macroeconomic factors. However, Caterpillar has been systematically lifting its valuation multiple by scaling up the share of revenue it books from predictable services businesses.
The company is on track toward its goal of $30 billion in annualized high-margin services revenue by 2030, up from $24 billion. Gas turbines and continuous-power generators running 24/7 generate up to 40 times as much lifecycle servicing and parts demand as standby diesel units. This shift in its revenue structure is smoothing out the cyclicality of its earnings, which is why the market is granting Caterpillar a higher structural price-to-earnings (P/E) multiple. It is trading at about 35 times earnings, well above its average over the past five years.
In the second quarter, the company reported cash flow of $6.14 billion, up from $5.72 billion in the prior-year period. That growth is enabling the company to invest more in new projects and reward shareholders. It increased its dividend by 8% this year, the 32nd consecutive year it has boosted its dividend.
Megaproject and infrastructure reshoring tailwinds Demand for heavy construction and mining equipment remains well supported by long-term government and private sector infrastructure commitments. Federal infrastructure spending, energy transition initiatives, semiconductor foundry projects, and manufacturing reshoring continue to drive domestic demand for earth-moving equipment.
In addition, high global demand for critical minerals such as copper, lithium, and rare-earth metals is driving mining operators to increase their capital expenditures. Caterpillar's proprietary autonomous haulage fleet technology gives it a competitive moat, locking in large mine site fleet refresh cycles.
Caterpillar has entered a new era The stock has often been praised for its steady, if unspectacular growth. That paradigm has shifted as the company's turbines and engines have come into greater demand as power sources for data centers.
Over the past five years, Caterpillar's quarterly revenue has increased by 54%, while in the five prior years, it grew by less than 25%. It is certainly reasonable that the stock could reach $1,000 a share by 2028, if not sooner.
Caterpillar v posledním obchodním dni vzrostl o 1,92 % na 826,35 USD. Trh čeká hospodářské výsledky, u nichž se odhaduje EPS 6,95 USD a tržby 20,19 mld. USD.
Caterpillar (CAT - Free Report) closed the most recent trading day at $826.35, moving +1.92% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
Heading into today, shares of the construction equipment company had gained 2.34% over the past month, outpacing the Industrial Products sector's loss of 0.74% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Caterpillar in its forthcoming earnings report. The company is predicted to post an EPS of $6.95, indicating a 40.4% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $20.19 billion, indicating a 14.47% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $27.37 per share and a revenue of $79.37 billion, signifying shifts of +43.6% and +17.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Caterpillar. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Caterpillar is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Caterpillar's current valuation metrics, including its Forward P/E ratio of 29.62. This expresses a premium compared to the average Forward P/E of 17.81 of its industry.
It is also worth noting that CAT currently has a PEG ratio of 1.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Construction and Mining industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Caterpillar plánuje investovat zhruba 1 miliardu USD v Severní Karolíně do rozšíření výroby kompaktních strojů Cat Compact. Nový závod v Sanfordu má zvýšit produkci kompaktních pásových nakladačů a teleskopických manipulátorů.
Investment strengthens ability to serve growing compact equipment customer segment
, /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) intends to invest approximately $1 billion in North Carolina to expand manufacturing capacity for products that support its growing Cat CompactSM business, helping customers gain faster access to the machines they need to solve tough jobsite challenges and build homes, infrastructure and communities.
Caterpillar's investment in a new modern manufacturing facility in Sanford, North Carolina, will increase production of telehandlers to meet customer demand.
Caterpillar announced an investment in a new modern manufacturing facility in Sanford, North Carolina, to increase production of compact track loaders. The investment includes plans for a new modern manufacturing facility in Sanford, North Carolina, designed to increase production of compact track loaders and telehandlers to meet customer demand. The project supports Caterpillar's Cat Compact strategy, which is focused on delivering a more streamlined and convenient experience for small contractors and growing businesses.
"As demand for compact equipment continues to increase, we're investing to better serve this growing segment of customers," said Caterpillar Construction Industries Group President Rod Shurman. "This investment is another way we are solving our customers' toughest challenges by expanding access to the products, solutions and services they need to work more efficiently."
Compact track loaders and telehandlers are versatile machines used across construction, landscaping, agriculture and material handling applications. Customers rely on these products to move materials, manage jobsites, support workforce productivity and complete critical work safely and efficiently.
The investment will create a modern, technology-enabled manufacturing environment designed to improve safety, quality and operational performance while supporting long-term growth. The facility is expected to incorporate advanced manufacturing technologies, automation, digital production systems and integrated logistics capabilities to create a more connected and efficient operation.
North Carolina was selected for this investment because of Caterpillar's longstanding presence in the state, the strength of the local workforce, and the opportunity to build on existing manufacturing expertise and operations in Sanford.
"We appreciate the partnership and support of the State of North Carolina, Lee County and the City of Sanford as we continue investing in the future of manufacturing and the customers we serve," said Shurman.
This investment reflects Caterpillar's continued commitment to U.S. manufacturing and workforce development. The company expects the project to create opportunities for advanced manufacturing careers while helping employees develop skills in areas such as automation, robotics, digital manufacturing and advanced production systems.
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at www.caterpillar.com.
, /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) has entered into an agreement to acquire John Fabick Tractor Company (Fabick), a long-standing Cat® dealer with more than 100 years of trusted service and customer relationships across portions of Missouri, Illinois, the entire state of Wisconsin and the Upper Peninsula of Michigan.
The agreement reflects a customer-focused decision to support a seamless transition of Fabick ownership while maintaining the strong service and local support customers know and value today.
Caterpillar Inc. has entered into an agreement to acquire John Fabick Tractor Company. "Caterpillar and Cat dealers share a common mission of solving our customers' toughest challenges," said Joe Creed, Caterpillar Chairman and CEO. "We look forward to continuing to work with the Fabick team to build on a century of success, further strengthen the customer experience and drive long-term growth across the service territory."
"We're incredibly proud of our team and the customer relationships we've built over the past 100 years," said Jeré Fabick, Chairman, CEO and Dealer Principal of Fabick.
Fabick COO Todd Stanley added, "We are excited for this next chapter with Caterpillar. This will enhance our ability to provide our customers with unmatched services, technology and expertise."
The agreement requires approval by regulatory authorities and is subject to other customary closing conditions. The transaction is expected to close within 30 days.
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at www.caterpillar.com.
About Fabick Cat
For more than 100 years, Fabick Cat has employed and served the hard-working men and women that improve the quality of life in the community. From Cat machines that help maintain infrastructure and support farmers, to aerial lifts and emergency power generation, Fabick Cat supplies the essential products to help make progress possible. As the Cat dealer of portions of Missouri, Illinois, the entire state of Wisconsin and the Upper Peninsula of Michigan, it operates in 37 locations across the territory.
Caterpillar nasadil na skládce v Arizoně dálkově řízený dozer, což posouvá autonomii z testů k běžnému nasazení. Akcie v pátek vzrostly asi o 0,8 % na 811,58 USD.
Three operating sites offer evidence, but fleet size and contract economics remain undisclosed. Summary
Caterpillar is moving autonomy from controlled trials toward repeatable industrial deployment.
Caterpillar CAT, the heavy-equipment maker, put a remotely operated dozer to work at an Arizona landfill as its shares rose about 0.8% to $811.58 at 11.50 am ET time on Friday. The machine lets an operator move waste from a control station away from the heat, dust and unstable ground.
The landfill is one test of Caterpillar's technology. WM says it is working with Caterpillar to test an autonomous compactor after piloting the remote-controlled dozer. At Luck Stone's Bull Run quarry, autonomous trucks have hauled more than 3.5 million tons since November 2024. The companies are now expanding the system to two more Virginia sites.
That expansion is a stronger commercial signal than a single pilot, but Caterpillar has not put a dollar figure on these deployments. Investors still need evidence that wider use brings meaningful service revenue or productivity gains. At $811.58, the shares stand 75.98% above the $461.18 GF Value estimate—a steep price for progress that has yet to be quantified.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Caterpillar ve 2. čtvrtletí zvýšil tržby o 24 % na 20,5 miliardy USD a backlog dosáhl rekordních 72 miliard USD. Firma nyní čeká, že tržby v roce 2026 porostou středně až vysokým dvouciferným tempem.
Key Takeaways Caterpillar posted record sales and backlog, with 2026 revenue growth now expected in the mid-to-high teens.Komatsu's sales grew, but earnings fell in the June quarter. Tariffs are expected to hurt fiscal 2026 profits.CAT's estimates are rising, while both stocks trade at different valuations with distinct growth outlooks. Caterpillar Inc. (CAT - Free Report) and Komatsu Ltd. (KMTUY - Free Report) are among the world’s leading manufacturers of construction and mining equipment. Caterpillar ranks as the industry leader, with Komatsu close behind. Both companies have a strong global presence and serve diverse end markets, including infrastructure, construction, mining, oil and gas and industrial applications.
Illinois-based Caterpillar has a market capitalization of $375 billion, whereas Tokyo, Japan-based Komatsu has a market capitalization of around $40 billion. Around 80% of KMTUY’s revenues are generated outside of Japan, underscoring its strong international presence.
Both are closely watched by investors to gauge the health of the broader manufacturing and infrastructure landscape, especially during periods of economic uncertainty. The question is which stock you should put your money on. To find out, let us dive into the fundamentals, growth prospects and challenges of both Caterpillar and Komatsu.
The Case for CaterpillarCaterpillar has delivered positive revenue growth over the past four quarters and earnings growth in the past three. In the second quarter of 2026, revenues gained 24% year over year to $20.5 billion, driven by higher sales volumes across its businesses. Adjusted earnings per share surged 73% to a record $8.17. Sales exceeded $20 billion for the first time in Caterpillar’s history and backlog reached a record $72 billion.
Backed by this performance and upbeat volume expectations across its primary segments, Caterpillar now expects 2026 sales and revenues to increase in the mid-to-high teens, up from its previous low-double-digit growth forecast. The company stated that 59% of its $72 billion backlog is expected to be delivered over the next 12 months. The ratio has remained relatively stable over the past three quarters, underscoring continued demand momentum.
Full-year Machinery, Power & Energy (MP&E) free cash flow is expected to land in the upper half of the company’s $6-$15 billion target range.
Caterpillar also has several secular growth opportunities, including U.S. infrastructure spending, mining demand associated with the energy transition, automation, data center expansion and investments in sustainability.
To capitalize on rising power-generation and oil-and-gas demand, CAT will restart production of its 10-megawatt gas engine platform, which was discontinued in 2022. It plans to bring about 1.5 gigawatts of capacity back online, with shipments to begin in the fourth quarter. It is also expanding turbine capacity and has repurposed a 250,000-square-foot facility in Wamego, KS.
At the same time, Caterpillar continues to invest in services, e-commerce, sustainability, electrification and digital initiatives. The company expects service revenues to increase from $24 billion in 2025 to $30 billion by 2030, providing a growing source of recurring and potentially higher-margin revenues.
The Case for KomatsuKMTUY’s revenues in the first quarter of fiscal 2026 (ended June 30, 2026) increased 14.7% year over year to JPY 1.043 billion ($6.545 billion). Construction, Mining & Utility Equipment sales increased 14.4% and Industrial Machinery & Others sales rose 21.7%. The company reported earnings per share of 67 cents, which were down 3% year over year. Although Komatsu has been delivering sales growth in the last three quarters, earnings continue to remain under pressure.
For fiscal 2026, Komatsu expects net sales to increase 4.1%. Construction, Mining & Utility Equipment sales are projected to rise 4.3% on higher sales volume and improved selling prices. Industrial Machinery & Others sales will increase 5.5% year on year. While sales to the automotive industry are expected to decrease, mainly due to lower sales of large presses, sales to the semiconductor industry are projected to increase, supported by customers' increased production.
Komatsu also faces greater exposure to U.S. tariffs. Around 50% of the products it sells in the United States are imported, mainly from Japan and China. The company expects tariff-related cost increases to have an annual negative impact of JPY 37.8 billion ($0.24 billion). Komatsu expects operating income to decrease 2.2% and net income to decrease 7.3% in fiscal 2026.
Komatsu has nevertheless been strengthening its North American operations. Over the past decade, it has invested more than $5 billion in the region by adding companies to the Komatsu group and has invested more than $650 million in North American infrastructure to upgrade facilities and enhance operational capabilities. Its acquisition of remanufacturing specialist SRC of Lexington, Inc. should further strengthen its remanufacturing capabilities in North America and position the company to benefit from demand for remanufactured components.
Over the long term, Komatsu remains well-positioned due to its focus on technological innovation, automation and portfolio expansion. It is accelerating the next generation of autonomous mining equipment through the advancement of a software-defined vehicle strategy. Aftermarket business sales account for about 50% of sales in construction, mining and utility equipment and around two-thirds of mining equipment revenues. The company plans to build its aftermarket business alongside new equipment sales and establish a profit structure less vulnerable to fluctuations in demand for new equipment.
How do Estimates Compare for CAT & KMTUY?The Zacks Consensus Estimate for Caterpillar’s 2026 earnings is $27.37 per share, indicating year-over-year growth of 43.6%. The estimate for 2027 of $32.99 suggests a rise of 20.5%. EPS estimates for Caterpillar for both 2026 and 2027 have been trending north over the past 60 days.
The Zacks Consensus Estimate for Komatsu’s fiscal 2026 earnings is $2.69 per share, indicating a year-over-year fall of 2.2%. The fiscal 2027 estimate of $2.87 implies growth of 6.7%.
Image Source: Zacks Investment Research
Both estimates for Caterpillar for fiscal 2026 and 2027 have been trending north over the past 30 days. The estimates for Komatsu for fiscal 2026 and fiscal 2027 have also moved up.
Image Source: Zacks Investment Research
Caterpillar & Komatsu: Price Performance, Valuation & Other ComparisonsIn the past year, CAT stock has gained 71.5%, whereas KMTUY has gained 26.7%.
Image Source: Zacks Investment Research
Caterpillar is currently trading at a forward 12-month earnings multiple of 25.68X. Komatsu stock is trading at a forward 12-month earnings multiple of 16.32X.
Image Source: Zacks Investment Research
CAT’s ROE of 55.53% is higher than KMTUY’s 10.51%.
Image Source: Zacks Investment Research
Caterpillar or Komatsu: Which Stock is Better for Your Portfolio?Caterpillar and Komatsu are both established industry leaders with broad global footprints, diversified end markets and significant investments in automation, digital technologies and aftermarket services. Over the long term, both companies are positioned to benefit from infrastructure spending, mining activity and the increasing adoption of autonomous equipment.
The near-term operating picture, however, is different. Caterpillar has delivered consistent revenue growth and solid earnings momentum, while its 2026 outlook calls for mid-to-high teens sales and revenue growth. Its record backlog, strong free cash flow outlook and expanding services business also provide greater visibility into future performance. Komatsu continues to invest in North America, automation and its aftermarket business, but faces a more challenging near-term environment. Tariff-related costs, pressure on earnings and management’s expectation for lower operating income and net income in fiscal 2026 could weigh on profitability.
Although Komatsu trades at a significantly lower valuation, Caterpillar’s superior earnings momentum, stronger profitability, higher return on equity and more favorable estimate trends justify its premium multiple. For investors seeking the stronger combination of growth, earnings visibility and execution, Caterpillar appears to be the more compelling choice at present.
Caterpillar currently carries a Zacks Rank #2 (Buy) while Komatsu currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Caterpillar těží z AI boomu: segment power & energy ve 2. čtvrtletí meziročně vzrostl o 17 % a backlog dosáhl 72 miliard USD. Konstrukční segment přidal meziročně 35 % tržeb.
Caterpillar (CAT +1.30%) has been outperforming the S&P 500 by riding artificial intellgience (AI) tailwinds, and a recent correction doesn't change that fact. While talks about a slowdown in AI development gripped headlines, they were largely for naught, with Meta Platforms CEO Mark Zuckerberg saying that market forces and competition are enough to keep AI models safe.
Hyperscalers are ramping up their AI development, and Caterpillar is at the center of it, since power is a critical bottleneck. That's the basic setup for why Caterpillar's correction won't last for long, but there are additional details that can fuel a rally.
Image source: Getty Images.
The AI build-out needs power and infrastructure Caterpillar is gaining market share across multiple key industries vital to artificial intelligence. First, its power & energy segment increased by 17% year over year in the second quarter.
High demand from AI data centers has ignited this segment of the business to the point where Caterpillar is sitting on a $72 billion backlog. The backlog has almost doubled year over year and provides meaningful revenue visibility. It's also up by $9.4 billion sequentially, which represents a 15% boost.
Second, AI data centers still need to be built to accommodate the increased need for compute. As hyperscalers gobble up existing gigawatts for their long-term projects, it further restricts the supply of remaining compute. Its construction segment saw a 35% year-over-year revenue jump.
Most of the growth came from North America, which correlates with where most tech giants are setting up data centers. Construction revenue was up year over year in every region.
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85/100
Today's Change
(
1.30
%) $
10.42
Current Price
$
808.99
The valuation looks more compelling Dips present good buying opportunities when a company's fundamentals improve or remain stable. In Caterpillar's case, the company has demonstrated deep involvement in the AI boom, with the backlog serving as a multi-year green flag.
The correction has brought Caterpillar down to a 1.4 PEG ratio. The stock has previously hovered above a 2 PEG ratio, and its other valuation metrics, including the P/E ratio, are much lower than they were a few months ago.
An investment in Caterpillar right now is a bet that the AI boom will continue. Grand View Research projects a 30.6% CAGR for the artificial intelligence industry through 2033. In the meantime, hyperscalers continue to commit vast sums to capital expenditures. Six of the major hyperscalers are projected to spend $1.3 trillion in 2027.
Caterpillar addresses power and construction, bottlenecks that will remain in place throughout the build-out. As tech leaders invest more capital and secure more resources, the remaining power and construction services will surge in value, potentially translating into sizable returns for long-term investors.
Shares of Caterpillar Inc. (NYSE:CAT – Get Free Report) traded up 1.2% on Friday . The company traded as high as $809.49 and last traded at $808.39. 4,655,460 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 2,854,511 shares. The stock had previously closed at $798.57.
Key Stories Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: AI infrastructure and backlog support: Analysts at Zacks included CAT among long-term ideas benefiting from the AI data-center boom, citing strong backlogs and growth plans. This provides a potential demand tailwind for Caterpillar’s equipment and infrastructure-related businesses. Buy AI-Led EME, PWR and CAT for Long-Term to Gain From Recent Softness Positive Sentiment: Industry outlook remains constructive: Construction and mining equipment are viewed favorably, with CAT highlighted alongside Komatsu and Terex as stocks worth watching. Improving industry expectations could support investor interest in Caterpillar. 3 Stocks to Watch in the Promising Construction and Mining Equipment Industry Positive Sentiment: Autonomous-hauling expansion adds a long-term catalyst: Caterpillar and Luck Stone are expanding autonomous Cat 775 truck operations to two additional quarries. The rollout is intended to improve safety, production consistency and workforce development, although financial benefits are likely to develop gradually. What Does Caterpillar Mean for Quarry Automation With Its New Truck Rollout? Neutral Sentiment: Dividend appeal supports the investment case: Caterpillar’s decades-long record of dividend increases makes it attractive to income and long-term compounding investors, but the comparison with Coca-Cola is primarily portfolio guidance rather than a new earnings catalyst. One of These Dividend Aristocrats Pays More. The Other Compounds Faster. Negative Sentiment: Automation news may not explain the near-term move: Commentary notes that sending robot trucks to additional quarries has limited immediate impact on Caterpillar’s stock. Investors may instead be weighing valuation, broader market conditions and whether strong growth expectations are already reflected in the share price. Caterpillar’s Robot Trucks Are Heading to Two More Quarries Analysts Set New Price Targets Several research analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $1,118.00 price objective on shares of Caterpillar in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $1,002.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Truist Financial set a $980.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $994.17.
Get Our Latest Report on Caterpillar Caterpillar Trading Up 1.2% The company has a 50 day moving average of $837.71 and a two-hundred day moving average of $841.50. The stock has a market capitalization of $371.59 billion, a PE ratio of 34.78, a P/E/G ratio of 1.40 and a beta of 1.60. 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 (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business posted $4.72 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts predict that Caterpillar Inc. will post 27.37 EPS for the current year.
Insiders Place Their Bets In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.
Hedge Funds Weigh In On Caterpillar Hedge funds have recently made changes to their positions in the company. Decker Retirement Planning Inc. lifted its holdings in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 22 shares during the period. Matrix Trust Co raised its position in Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after buying an additional 15 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Caterpillar during the 2nd quarter valued at approximately $36,000. Lam Group Inc. purchased a new stake in shares of Caterpillar in the 1st quarter valued at $26,000. Finally, Tacita Capital Inc purchased a new stake in Caterpillar in the second quarter valued at $47,000. 70.98% of the stock is owned by institutional investors and hedge funds.
About Caterpillar (Get Free Report)
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
Recommended Stories Five stocks we like better than Caterpillar Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.
Caterpillar v poslední seanci vzrostl o 2,02 % na 798,57 USD a překonal růst indexu S&P 500, který přidal 1,14 %. Před výsledky trh čeká EPS 6,95 USD a tržby 20,19 miliardy USD.
Caterpillar (CAT - Free Report) closed at $798.57 in the latest trading session, marking a +2.02% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.14% for the day. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
The stock of construction equipment company has fallen by 4.1% in the past month, leading the Industrial Products sector's loss of 7.18% and undershooting the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Caterpillar in its upcoming earnings disclosure. The company is forecasted to report an EPS of $6.95, showcasing a 40.4% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $20.19 billion, up 14.47% from the prior-year quarter.
CAT's full-year Zacks Consensus Estimates are calling for earnings of $27.37 per share and revenue of $79.37 billion. These results would represent year-over-year changes of +43.6% and +17.43%, respectively.
Investors should also note any recent changes to analyst estimates for Caterpillar. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.45% higher. Caterpillar presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Caterpillar is presently being traded at a Forward P/E ratio of 28.63. This expresses a premium compared to the average Forward P/E of 16.97 of its industry.
It is also worth noting that CAT currently has a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Manufacturing - Construction and Mining industry stood at 1.24 at the close of the market yesterday.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Integrated Wealth Concepts LLC raised its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 49.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,447 shares of the industrial products company’s stock after acquiring an additional 12,124 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Caterpillar were worth $38,813,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Decker Retirement Planning Inc. lifted its holdings in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Matrix Trust Co raised its position in shares of Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Axiom Investment Management LLC acquired a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. Lam Group Inc. purchased a new position in shares of Caterpillar during the first quarter valued at approximately $26,000. Finally, Tacita Capital Inc acquired a new stake in Caterpillar during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue? Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth. Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher Caterpillar Stock Performance Shares of NYSE:CAT opened at $782.57 on Wednesday. The firm has a market capitalization of $359.73 billion, a PE ratio of 33.67, a P/E/G ratio of 1.36 and a beta of 1.60. Caterpillar Inc. has a 12 month low of $434.28 and a 12 month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The business has a 50-day moving average of $846.69 and a two-hundred day moving average of $841.12. Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.72 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 27.37 earnings per share for the current year.
Insider Transactions at Caterpillar In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades A number of equities research analysts have recently commented on CAT shares. Wells Fargo & Company lifted their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. DA Davidson upped their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Citigroup restated a “buy” rating on shares of Caterpillar in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $994.17.
View Our Latest Report on Caterpillar
Caterpillar Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
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NewEdge Advisors LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,215 shares of the industrial products company’s stock after selling 2,849 shares during the quarter. Caterpillar comprises about 0.7% of NewEdge Advisors LLC’s holdings, making the stock its 27th largest position. NewEdge Advisors LLC’s holdings in Caterpillar were worth $225,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Caterpillar during the second quarter worth approximately $40,457,153,000. Geode Capital Management LLC boosted its holdings in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock valued at $6,072,572,000 after purchasing an additional 94,524 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Caterpillar in the 2nd quarter valued at $5,818,150,000. Fisher Asset Management LLC increased its holdings in shares of Caterpillar by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after buying an additional 54,069 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar during the 2nd quarter worth $3,192,710,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue? Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth. Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher Analysts Set New Price Targets A number of brokerages recently weighed in on CAT. Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a report on Thursday, September 10th. Citigroup reaffirmed a “buy” rating on shares of Caterpillar in a research note on Monday. UBS Group boosted their target price on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $1,002.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $994.17. Get Our Latest Stock Analysis on Caterpillar
Insiders Place Their Bets In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
Caterpillar Trading Down 0.2% NYSE:CAT opened at $782.57 on Wednesday. The business’s 50-day moving average is $846.69 and its two-hundred day moving average is $841.12. The firm has a market capitalization of $359.73 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.36 and a beta of 1.60. Caterpillar Inc. has a 12 month low of $434.28 and a 12 month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the business earned $4.72 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. Research analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.
About Caterpillar (Free Report)
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
Read More Five stocks we like better than Caterpillar Running on Empty: 3 Energy Plays for Europe’s Deep Freeze 3 Healthcare Stocks for 3 Stages of Life Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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HORAN Wealth LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 45.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,535 shares of the industrial products company’s stock after selling 1,275 shares during the period. HORAN Wealth LLC’s holdings in Caterpillar were worth $1,635,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in shares of Caterpillar by 105,696.1% during the second quarter. California State Teachers Retirement System now owns 747,331,911 shares of the industrial products company’s stock worth $795,833,752,000 after buying an additional 746,625,522 shares during the period. BlackRock Inc. purchased a new position in Caterpillar during the 2nd quarter valued at about $40,457,153,000. Geode Capital Management LLC increased its stake in Caterpillar by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock worth $6,072,572,000 after purchasing an additional 94,524 shares during the period. Bank of America Corp DE purchased a new position in shares of Caterpillar in the second quarter valued at approximately $5,818,150,000. Finally, Fisher Asset Management LLC increased its stake in Caterpillar by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after buying an additional 54,069 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.
Wall Street Analyst Weigh In Several research firms recently commented on CAT. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their price target on Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. UBS Group raised their price objective on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target on the stock in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $994.17.
Read Our Latest Research Report on CAT Key Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Caterpillar was added to the Zacks Rank #1 (Strong Buy) list, reflecting favorable momentum and recent analyst sentiment. New Strong Buy Stocks for September 14th Positive Sentiment: Zacks also identified CAT as a wide-moat company, citing durable competitive advantages, growth prospects and favorable demand across its markets. Buy These 5 Top-Ranked Wide Moat Stocks Positive Sentiment: Caterpillar was highlighted as an AI-exposure and dividend stock, suggesting investors may view its equipment and technology businesses as beneficiaries of data-center and infrastructure spending while receiving shareholder distributions. 3 Stocks That Offer AI Exposure and Dividends Positive Sentiment: Recent coverage also pointed to an analyst upgrade and higher earnings estimates, while Caterpillar’s partnership with FieldAI could expand its exposure to physical AI, robotics and digital twins. Erste Group Bank Lifts Earnings Estimates for Caterpillar Caterpillar And FieldAI Partner on Physical AI Neutral Sentiment: Several articles presented Caterpillar as a long-term investment idea, but these list inclusions do not represent new company-specific operating results or guidance. Negative Sentiment: The main near-term pressure came from concerns that the data-center power trade may be unwinding. Caterpillar fell alongside industrial names even as Deere held up better, indicating profit-taking or reduced enthusiasm for CAT’s AI-infrastructure narrative. Caterpillar Falls While Deere Edges Higher Caterpillar Stock Down 4.3% Shares of NYSE:CAT opened at $783.61 on Tuesday. The company has a market cap of $360.20 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.42 and a beta of 1.60. Caterpillar Inc. has a fifty-two week low of $430.61 and a fifty-two week high of $1,073.46. The firm’s 50-day simple moving average is $849.85 and its 200-day simple moving average is $841.00. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company posted $4.72 EPS. The business’s revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current year.
Insider Activity In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.
Caterpillar Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
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Luck Stone rozšiřuje autonomní přepravu Caterpillar do dvou dalších lomů ve Virginii po pilotu, v němž bylo autonomně odvezeno více než 3,5 milionu tun. Jde o první nasazení autonomního řešení na Cat 775.
More than 3.5 million tons hauled autonomously in 18-month pilot drives expansion to two additional Luck Stone quarries to enhance safety, consistency and new opportunities for associates. Quarry automation gains momentum with first-ever deployment of autonomous haulage solution on a Cat® 775 , /PRNewswire/ -- Following more than 18 months of successful autonomous hauling at Luck Stone's Bull Run Quarry, Luck Stone and Caterpillar (NYSE: CAT) are expanding the technology to two additional Virginia operations. The expansion builds on proven results at Bull Run, where autonomous trucks have hauled more than 3.5 million tons since going live in November 2024.
Luck Stone and Caterpillar are expanding autonomous hauling to two additional quarries in Virginia after successfully hauling more than 3.5 million tons in an 18-month pilot.
Luck Stone and Caterpillar’s 18-month autonomous haulage pilot program will expand to two additional quarries, including one in Bealeton, Virginia.
Quarry automation gains momentum with the first-ever deployment of Caterpillar’s autonomous solution on the Cat 775 haul truck. Collaborating to Solve Real-World Quarry Challenges
Quarry and aggregates producers across the industry face persistent operational challenges: maintaining consistent production across shifts, improving safety and attracting and developing talent in a competitive environment. For Luck Stone, technology is most valuable when it helps associates become the best versions of themselves while creating safer, more consistent operations. That's why Luck Stone sought a partner whose approach to autonomy puts people at the center of innovation.
Through close collaboration in development and implementation, Luck Stone has seen firsthand how Caterpillar's approach to combine technology, people and process can improve safety, increase production consistency and create new opportunities for associates to develop new skills and grow into technology-focused roles.
"At Luck Stone, we've always believed innovation should ignite human potential," said Travis Chewning, Luck Stone vice president of engineering & operations support. "Autonomy is creating a safer workplace that improves consistency for our customers and gives our associates opportunities to develop new skills as our industry continues to evolve. Our collaboration with Caterpillar has helped us do exactly that, and we're excited to continue building on what we've learned at Bull Run."
"Our mission at Caterpillar is to solve our customers' toughest challenges, and customers like Luck Stone play an important role in helping us advance solutions for the broader industry," said Denise Johnson, Caterpillar group president, Resource Industries. "By working together, we've gained insights that help us refine and scale autonomous hauling solutions that create measurable value for both operations and workforce development. This expansion demonstrates how strong customer collaborations are helping us accelerate innovation and bring proven solutions to more jobsites around the world."
Delivered by Caterpillar and supported by local Cat® dealer Carter Machinery, the expansion will integrate Caterpillar's autonomous hauling technology across two fleets of Cat® 775 trucks at Boscobel and Bealeton, alongside complementary technologies that support loaders and other site equipment. This marks the first time Caterpillar will deploy its autonomous haulage solution on the Cat 775, a key haul truck model in the quarry industry.
The Luck Stone expansion is the latest milestone in Caterpillar's growing momentum in quarry autonomy. Collectively, Caterpillar autonomous trucks have hauled more than 13 billion tonnes and safely traveled more than 455 million kilometers with no reported injuries while operating.
More information on Cat MineStar™ Command for hauling can be found by contacting a Cat dealer or visiting cat.com.
About Luck Stone
Through four generations of family leadership, Luck Stone has been building strong communities for over 100 years. Luck Stone, a division of Luck Companies, is the nation's largest family-owned and operated producer of crushed stone, sand and gravel. A responsive and creative partner to the construction, civil engineering and environmental industries, Luck Stone provides consistent, quality aggregate materials and services that serve as the foundation of roads, bridges and buildings.
Driven by our values of Integrity, Commitment, Leadership and Creativity, we believe in providing our associates with the tools and support to perform and lead at their best so they can ignite the potential in themselves and others. Our company is a community of people, utilizing the power of values and customer inspired relationships to redefine what's possible for an industry and make a positive and enduring impact. Luck Companies is headquartered in Richmond, Virginia, where it was founded by Charles Luck Jr. in 1923. Charlie Luck IV and Richard Luck lead the company today.
About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $64.8 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through three primary segments — Construction Industries, Resource Industries, and Energy & Transportation — and provides financing and related services through its Financial Products segment. For more information, visit www.caterpillar.com.
Highland Investment Advisors v 2. čtvrtletí koupila nový podíl v Caterpillar za zhruba 1 165 000 USD. Firma nyní drží 1 094 akcií a CAT tvoří 0,5 % jejího portfolia.
Highland Investment Advisors LLC bought a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,094 shares of the industrial products company’s stock, valued at approximately $1,165,000. Caterpillar accounts for 0.5% of Highland Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding.
Other hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. lifted its position in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the period. Matrix Trust Co boosted its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Caterpillar in the 2nd quarter worth about $36,000. Lam Group Inc. bought a new position in shares of Caterpillar in the 1st quarter worth about $26,000. Finally, Tacita Capital Inc purchased a new position in Caterpillar during the 2nd quarter valued at about $47,000. 70.98% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several equities research analysts recently commented on the stock. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research note on Thursday. Truist Financial set a $980.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,118.00 price objective on shares of Caterpillar in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $994.17.
View Our Latest Stock Report on CAT Caterpillar Trading Up 1.7% Caterpillar stock opened at $818.48 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. Caterpillar Inc. has a one year low of $427.75 and a one year high of $1,073.46. The stock has a market capitalization of $376.23 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60. The business’s fifty day moving average is $853.58 and its 200 day moving average is $840.30.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.72 EPS. On average, sell-side analysts predict that Caterpillar Inc. will post 27.37 EPS for the current year.
Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Broad-market strength supported CAT. Caterpillar was among the companies helping lead a roughly 550-point advance in the Dow, providing a favorable backdrop for industrial stocks. Cisco, Caterpillar share gains lead Dow’s 550-point rally Positive Sentiment: CAT remains a top-performing industrial stock. Shares are up more than 40% this year, reflecting investor enthusiasm for construction, infrastructure and equipment demand. The strong rally also raises the possibility of profit-taking. Deere and Caterpillar Are Both Up Over 40% This Year Positive Sentiment: AI infrastructure is emerging as a growth catalyst. Reports highlight Caterpillar’s equipment orders extending toward 2030 and demand tied to data-center and infrastructure construction, broadening the company’s exposure beyond traditional industrial markets. CAT Could Be the Best AI Infrastructure Stock You’re Overlooking Positive Sentiment: Analyst estimates and ratings were generally supportive. Freedom Broker upgraded CAT to “buy” with a $980 price target, while Zacks raised its fourth-quarter 2026 EPS estimate to $6.73. Erste Group also modestly increased its fiscal 2027 EPS forecast to $32.28. The Lafayette City Council additionally approved incentives for an $890 million Caterpillar expansion, signaling continued investment capacity. Caterpillar upgraded by Freedom Broker Neutral Sentiment: Insider selling is a risk investors are monitoring. Caterpillar executives, including CEO Joseph Creed, have made substantial sales in recent months, although insider transactions may reflect diversification rather than a direct view on the company’s operating outlook. Caterpillar Inc. Stock Opinions on AI Partnership and Executive Stock Sale Negative Sentiment: Valuation and mixed estimates could limit further gains. CAT recently underperformed the broader market in a declining session, and Zacks trimmed its Q1 2028 EPS estimate to $7.87 from $7.94. With the stock trading well above its longer-term averages and at a premium valuation, investors may lock in profits if growth expectations moderate. Top Wide-Moat Stocks to Buy for Long-Term Wealth and Stability Insider Activity at Caterpillar In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.
Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
See Also Five stocks we like better than Caterpillar Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity? Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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In the latest trading session, Caterpillar (CAT - Free Report) closed at $805.00, marking a -1.29% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.59%. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.
The construction equipment company's shares have seen a decrease of 4.68% over the last month, surpassing the Industrial Products sector's loss of 5.26% and falling behind the S&P 500's loss of 1.37%.
Market participants will be closely following the financial results of Caterpillar in its upcoming release. The company's earnings per share (EPS) are projected to be $6.95, reflecting a 40.4% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $20.19 billion, reflecting a 14.47% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $27.37 per share and a revenue of $79.37 billion, demonstrating changes of +43.6% and +17.43%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Caterpillar. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.06% higher. Caterpillar is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Caterpillar currently has a Forward P/E ratio of 29.8. This expresses a premium compared to the average Forward P/E of 17.83 of its industry.
Meanwhile, CAT's PEG ratio is currently 1.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Manufacturing - Construction and Mining industry was having an average PEG ratio of 1.28.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAT in the coming trading sessions, be sure to utilize Zacks.com.
Caterpillar vstoupil do roku 2026 se silnou poptávkou napříč třemi segmenty, taženou hlavně energetikou a výstavbou datových center. Firma zároveň zvyšuje kapacitu pro velké motory a turbíny.
Insider Sales Eclipse $450M Across 3 AI Winners, With NVIDIA Leading the PackCaterpillar NYSE: CAT Chairman and CEO Joe Creed said the company has started 2026 with strong demand across its three operating segments, supported by power-generation activity, construction equipment sales and improving orders in resource industries.
Speaking at a Wells Fargo Securities event, Creed said Caterpillar raised its 2030 revenue target earlier this year to growth of 6% to 9% versus 2024 levels after continued demand discussions with customers. The company also increased planned investment in large-engine capacity to three times its 2024 level.
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5 Reasons the S&P 500 Could Keep Rallying Through Year-End“We had a good year in 2025, but really off to a really amazing start to the year in the first half in 2026,” Creed said. He added that Caterpillar expects mid- to high-teens top-line growth, while operating profit after capital charge, or OPACC, has also increased strongly.
Power and Energy Demand Drives Capacity Investments Creed said Caterpillar’s power and energy business continues to see strong backlog growth, with demand spanning power generation, oil and gas, natural-gas compression, mining and marine applications. The company is increasing production capacity for turbines and large reciprocating engines while also seeking to improve throughput from existing facilities.
Caterpillar’s Blowout Quarter May Point to More Industrial WinnersLarge-engine capacity additions have been running slightly ahead of plan, by roughly two to three months, according to Creed. Turbine capacity additions are proceeding according to plan. He cautioned that capacity growth will not follow a completely smooth path, citing the operational complexity of expanding factories and supply chains while production is running at high levels.
Caterpillar is also examining ways to use its existing manufacturing footprint to add output more quickly. Creed said the company repurposed its Wamego facility for Solar Turbines packaging in 12 months and has resumed production of a 10-megawatt medium-speed engine for power-generation use. It is also considering whether a facility with locomotive-engine capacity could produce large Cat engines with relatively modest investment.
While investors have raised concerns that industry capacity additions could eventually outpace demand, Creed said customer behavior has not yet indicated a slowdown in power-generation needs. He described Caterpillar’s approach to adding capacity as measured and based on discussions with customers, including hyperscalers, data-center operators and oil-and-gas companies.
“We have a really strong backlog into the next two years of line of sight, starting to take orders into 2029, even our first order into 2030 on turbines,” Creed said.
The company uses framework agreements with certain large customers to reserve production slots before those commitments become firm backlog orders. Under that process, Caterpillar and customers conduct rolling demand-planning discussions, sometimes extending three to five years. Creed said the model gives the company visibility beyond reported backlog while preserving flexibility for customers to adjust delivery schedules.
Behind-the-Meter Power Opportunities Expand Creed said Caterpillar is seeing increased interest in natural-gas prime-power systems located behind the meter, particularly for data centers. The configuration of each project depends on local grid access, fuel availability and the customer’s desired level of redundancy.
Some systems could initially provide prime power before later becoming peaking or grid-curtailment assets. However, Creed said the majority of projects currently under discussion are expected to operate as long-term prime-power facilities rather than temporary installations.
Caterpillar believes its product range positions it to support varying project designs, including turbines rated up to 38 megawatts and reciprocating engines as large as 10 megawatts, as well as smaller offerings. Creed also said greater use of gas-fired generation could increase demand for natural-gas compression equipment used in gathering and transmission.
On profitability, Creed said Power and Energy’s more than 40% incremental margin in the second quarter included some noise from enterprise-level items and prior-period tariff adjustments. He said Caterpillar expects healthy incremental margins but intends over time to operate around the middle of its stated margin range.
Construction Rental and Mining Activity In Construction Industries, Creed said Caterpillar has outperformed the industry over the past 18 months, aided by merchandising programs, commercial-excellence efforts and the Cat Compact initiative aimed at smaller equipment buyers. He said sales to users and dealer rental-fleet loading have both grown.
The company is emphasizing rental as part of a broader commercial offering rather than as a separate strategy, Creed said. Caterpillar wants dealers to provide customers the appropriate solution for a specific job, whether renting, buying or combining both approaches. A dealer joint venture focused on major projects is intended to help Caterpillar participate in large projects where an individual dealer may not have enough rental fleet capacity.
Creed said Caterpillar has the needed product portfolio for its rental strategy, including telehandlers produced internally and allied-equipment partnerships. The company is also ramping production in some Construction Industries facilities to better align supply with demand.
In Resource Industries, Creed said order intake has improved this year, particularly for large mining trucks, and backlog has increased. Customers are requesting more quotes, and Caterpillar has additional autonomous trucks scheduled to enter service. He characterized mining as a potentially steadier long-term growth opportunity, supported by demand for minerals needed for infrastructure and electrification.
Technology Remains Central to Strategy Creed said technology is the middle pillar of Caterpillar’s growth strategy, encompassing current machine technology, digital planning tools, remote operation, semi-autonomy and autonomy. The company is seeking to increase use of existing technology by making more features standard on premium machines and making those tools easier for operators to use.
He highlighted work around the Cat AI Assistant and efforts to make systems such as Dig Assist, Swing Assist and Cat Command more intuitive. Caterpillar sees wider adoption of those technologies as a path toward greater customer productivity, safety and eventual broader deployment of autonomous equipment.
About Caterpillar (NYSE:CAT)Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company's products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Piper Sandler říká, že obchod s AI se přesouvá od čipů k průmyslu; Caterpillar těží z poptávky po datových centrech. Tržby ve 2. čtvrtletí vzrostly na 20,54 miliardy USD a backlog dosáhl 72 miliard USD.
Craig Johnson sees the AI trade quietly abandoning its old leaders, and the bond market is the confession. Find out which industrial giant sits at the center of the rotation and what a move through 4.80% on the ten-year would…
On CNBC’s Power Lunch on September 8, 2026, Piper Sandler chief market technician Craig Johnson argued the AI trade is rotating into a new leadership group. His evidence sits in the bond market and leadership tables, where energy is printing new highs while the NASDAQ stalls.
Charles Schwab Asset Management chief executive Omar Aguilar sketched a wave framework: hyperscalers first, then semiconductors, and now the labor-heavy, low-return industries that stand to see the biggest productivity gains from adopting AI. Industrials, financials, materials, and energy sit at the front of that queue.
That framing puts Caterpillar (NYSE:CAT | CAT Price Prediction) in an unusual spot. Its gas turbines and reciprocating engines are keeping data centers powered (we profiled seven of these non-chip AI infrastructure suppliers, from power to cooling, in a free report you can grab here), and its backlog stretches years out. Johnson noted the NASDAQ had gone 14 weeks without a new record high, a leadership drought that usually precedes a rotation.
Rotation in the Charts, and What a Bear Steepener Actually Is Johnson described a bear steepener in the yield curve: short rates pinned while long rates climb. That combination has historically preceded leadership shifts, and energy stocks are the tell.
The 10-year minus 2-year spread stood at 0.41% on September 8, 2026. Johnson said flatly, “Energy stocks. They are leadership in this market.”
Leadership from oil and gas typically arrives alongside inflation pressure, and inflation pressure keeps the long end sticky.
Why the 5% Level on the Ten-Year Matters Johnson pegged the 10-year at 4.8% on the interview date. Treasury data cited on CNBC puts the 10-year at 4.8% on September 8, 2026, with the 30-year already above five at 5.25%.
In his words, “If we break above 480, we’re probably heading toward five and maybe even closer to five and a quarter just looking at the charts.”
Technicians treat round numbers as functional because option desks, corporate treasurers, and mortgage originators reprice at them. A move through 480 would drag discount rates on long-duration equities higher whether or not fundamentals changed.
The 12-month high on the 10-year sits at 4.79% on September 2, 2026, with the current reading in the 98.8th percentile of the past year.
Aguilar’s Wave Framework and Where Caterpillar Fits Aguilar told CNBC, “The infrastructure that goes into the usage and capital expenditures for AI across health care, financial sector, across industrials, across materials could be as big as what we saw in the first wave of the hyperscalers.”
Caterpillar’s Q2 numbers argue that the wave is already funding orders. Revenue was $20.54 billion, up 23.98% year over year, with adjusted EPS of $8.17 versus a $6.1974 estimate.
Power Generation revenue reached $3.098 billion, up 29%, driven by data center demand for large reciprocating engines and turbines. Backlog swelled to $72 billion, up roughly 92% year over year, with large engines scheduled into 2028. Details sit in the Q2 2026 8-K.
Johnson connected the framework to head count: “Companies that have a lot of employees relative to their industries and low ROIs are going to get reset.”
What Could Break the Thesis Aguilar’s caution was direct: “They’re concerned about what oil prices fluctuation eventually we do. And they’re concerned about what these long yields may do to their stock portfolio.”
AI capital spending presumes credit stays open and eventual returns justify the outlay. If long yields punch through Johnson’s 5.25 target, discount rates will rise, and marginal projects will get shelved.
Caterpillar carries its own risks. Full-year 2026 tariff costs are expected at roughly $2.2 billion, and the VIX sat at 15.3 on September 7, 2026.
The stock itself already reflects the setup. CAT is up 44.46% year-to-date and 96.3% over one year through September 8, 2026.
Is CAT Stock a Buy? Caterpillar is the cleanest industrial expression of Aguilar’s third wave that the data supports. The backlog is scheduled into 2028, capacity constraints are the governor, and Power Generation growth is being locked in with escalators.
Against that, shares have doubled in a year, and the yield backdrop Johnson described is a live headwind for any long-duration industrial multiple. A move on the 10-year through his breakout level would likely compress the rerating already underway.
The business is executing at a level unlikely to be matched by peers, but the entry price already assumes the third wave arrives on schedule.
For investors who already own CAT, I would hold it. For investors looking to start a position, I would wait for either a meaningful pullback or another round of earnings growth that brings the valuation back down to earth.
Contact [email protected] for any questions or corrections.
Old North State Trust LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 864 shares of the industrial products company’s stock, valued at approximately $920,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. grew its position in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar during the 2nd quarter valued at $36,000. Lam Group Inc. acquired a new stake in shares of Caterpillar in the 1st quarter valued at $26,000. Finally, Tacita Capital Inc bought a new stake in Caterpillar in the second quarter worth $47,000. Institutional investors own 70.98% of the company’s stock.
Analyst Upgrades and Downgrades CAT has been the topic of several analyst reports. DA Davidson increased their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company increased their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Rothschild & Co Redburn boosted their target price on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $995.52.
Get Our Latest Report on Caterpillar Caterpillar Stock Down 0.1% Caterpillar stock opened at $813.51 on Tuesday. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The firm has a fifty day moving average price of $868.12 and a two-hundred day moving average price of $839.26.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $4.72 earnings per share. As a group, analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were issued a $1.63 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. Caterpillar’s payout ratio is 28.06%.
Insider Transactions at Caterpillar In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.
About Caterpillar (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.
Read More Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Camarda Financial Advisors LLC ve 2. čtvrtletí koupila novou pozici v Caterpillar: 4 280 akcií za zhruba 4,558 milionu USD. Firma zároveň vykázala za čtvrtletí EPS ve výši 8,17 USD a tržby 20,54 miliardy USD.
Camarda Financial Advisors LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,280 shares of the industrial products company’s stock, valued at approximately $4,558,000. Caterpillar accounts for about 1.4% of Camarda Financial Advisors LLC’s portfolio, making the stock its 16th largest position.
A number of other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Caterpillar during the second quarter worth $40,457,153,000. State Street Corp increased its stake in shares of Caterpillar by 1.1% in the 4th quarter. State Street Corp now owns 35,388,550 shares of the industrial products company’s stock valued at $20,273,039,000 after purchasing an additional 385,204 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock valued at $6,072,572,000 after purchasing an additional 94,524 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Caterpillar by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after buying an additional 54,069 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Caterpillar by 16.0% during the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock worth $3,860,457,000 after buying an additional 928,974 shares during the last quarter. 70.98% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In Several research firms recently weighed in on CAT. Wells Fargo & Company raised their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Barclays boosted their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1,002.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $995.52.
Check Out Our Latest Report on Caterpillar Insider Buying and Selling In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.
Caterpillar Price Performance Shares of CAT opened at $813.51 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock has a market cap of $373.95 billion, a PE ratio of 35.00, a PEG ratio of 1.41 and a beta of 1.60. Caterpillar Inc. has a 12-month low of $416.44 and a 12-month high of $1,073.46. The business has a 50-day simple moving average of $868.12 and a two-hundred day simple moving average of $839.26.
Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $4.72 earnings per share. Analysts anticipate that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.
Caterpillar Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is 28.06%.
About Caterpillar (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.
Featured Stories Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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FSA Advisors Inc. ve druhém čtvrtletí koupila nový podíl v Caterpillar, konkrétně 1 490 akcií za zhruba 1,586 milionu USD. Caterpillar zároveň oznámil zisk na akcii 8,17 USD a tržby 20,54 miliardy USD, obojí nad odhady.
FSA Advisors Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,490 shares of the industrial products company’s stock, valued at approximately $1,586,000.
Several other institutional investors also recently added to or reduced their stakes in CAT. Stonebridge Financial Group LLC raised its holdings in 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 buying an additional 11 shares during the period. Inspirion Wealth Advisors LLC grew its stake in Caterpillar by 1.2% during the second 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 during the period. Bell Bank increased its position in shares of Caterpillar by 0.6% in the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock worth $1,986,000 after acquiring an additional 11 shares in the last quarter. Cornerstone Advisory LLC raised its stake in shares of 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 acquiring an additional 12 shares during the period. Finally, Advisory Resource Group raised its stake in shares of Caterpillar by 0.8% in the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 13 shares during the period. 70.98% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades A number of analysts recently weighed in on the stock. Truist Financial set a $980.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $1,002.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $995.52.
View Our Latest Analysis on Caterpillar Caterpillar Price Performance CAT opened at $813.51 on Tuesday. Caterpillar Inc. has a twelve month low of $416.44 and a twelve month high of $1,073.46. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.41 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $868.12 and a 200 day simple moving average of $839.26.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.72 EPS. Equities research analysts expect that Caterpillar Inc. will post 27.34 EPS for the current fiscal year.
Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. Caterpillar’s payout ratio is presently 28.06%.
Insider Buying and Selling In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.
Caterpillar Profile (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.
Recommended Stories Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Centaurus Financial Inc. acquired a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,586 shares of the industrial products company’s stock, valued at approximately $3,819,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Decker Retirement Planning Inc. grew its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Matrix Trust Co increased its position in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Lam Group Inc. acquired a new stake in shares of Caterpillar in the 1st quarter valued at approximately $26,000. Finally, Tacita Capital Inc acquired a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on CAT shares. Citigroup boosted their target price on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada lifted their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Oppenheimer restated an “outperform” rating and set a $1,118.00 price objective on shares of Caterpillar in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $995.52.
Check Out Our Latest Report on CAT Insider Activity In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s 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. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.
Caterpillar Price Performance NYSE:CAT opened at $813.51 on Tuesday. The company has a market cap of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60. The firm’s fifty day moving average price is $868.12 and its two-hundred day moving average price is $839.26. Caterpillar Inc. has a one year low of $416.44 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.72 EPS. Equities analysts expect that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. Caterpillar’s dividend payout ratio (DPR) is 28.06%.
Caterpillar Profile (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.
Featured Articles Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.
Caterpillar ve 2. čtvrtletí 2026 zvýšil backlog meziročně o 92 % na více než 72 miliard USD, tažený poptávkou po AI a datových centrech. Firma plánuje obnovit výrobu 10megawattové plynové motorové platformy, čímž má znovu uvést do provozu zhruba 1,5 GW kapacity; dodávky mají začít před koncem roku.
Caterpillar (CAT +1.73%) posted eye-popping numbers in the second quarter of 2026 as its backlog grew 92% year over year to more than $72 billion. The narrative behind the backlog is just as important as the number itself, as the AI boom and data centers in particular drove the astonishing growth.
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Strong demand for large generator sets and turbines grew 72%. Caterpillar's biggest challenge now is not the immense demand; it's the company's capacity to meet it. This is what's actually limiting growth as Caterpillar does its best to keep up with orders.
The AI-related boom has largely broken away from the traditional construction cycle, as many of Caterpillar's Power & Energy customers are ordering equipment through 2030. Approximately 59% of the $72 billion backlog is expected to be delivered in the next year. Still, the Power & Energy segment's portion extends much further out than is considered normal for the construction equipment industry.
Image source: The Motley Fool.
The company is responding to demand by planning to restart production of its 10-megawatt gas engine platform, bringing about 1.5 gigawatts of capacity back online as production ramps up, with shipments starting before the end of the year.
Caterpillar has long been a bellwether for the construction industry at large. Yet, the company has now decoupled from the construction cycle, and its future is more closely tied to power grids than to housing starts. The construction cycle, as we know it, has evolved. The company's stock has risen more than 90% in the past 12 months and is trading around $815 per share as of this writing.
I'm bullish on Caterpillar, as its revenue visibility over the next half-decade is impressive.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Caterpillar. The Motley Fool has a disclosure policy.
Ausdal Financial Partners ve 2. čtvrtletí získala nový podíl v Caterpillar o 67 574 akciích za zhruba 71,959 mil. USD. Podíl tvoří asi 2,8 % portfolia fondu.
Ausdal Financial Partners Inc. purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,574 shares of the industrial products company’s stock, valued at approximately $71,959,000. Caterpillar accounts for approximately 2.8% of Ausdal Financial Partners Inc.’s investment portfolio, making the stock its 6th biggest position.
A number of other institutional investors also recently modified their holdings of the business. Decker Retirement Planning Inc. boosted its holdings in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Matrix Trust Co lifted its position in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after buying an additional 15 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Caterpillar in the second quarter valued at about $36,000. Lam Group Inc. bought a new stake in shares of Caterpillar during the 1st quarter valued at approximately $26,000. Finally, Tacita Capital Inc acquired a new position in Caterpillar during the 2nd quarter worth approximately $47,000. Institutional investors own 70.98% of the company’s stock.
Caterpillar Stock Performance Shares of CAT opened at $813.51 on Monday. The firm’s fifty day simple moving average is $872.52 and its two-hundred day simple moving average is $838.91. Caterpillar Inc. has a 12 month low of $416.44 and a 12 month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.72 EPS. As a group, analysts predict that Caterpillar Inc. will post 27.34 EPS for the current year. Caterpillar Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a dividend of $1.63 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.
Caterpillar News Summary Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Wall Street Analyst Weigh In A number of analysts have weighed in on CAT shares. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Rothschild & Co Redburn boosted their price target on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Barclays lifted their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, Truist Financial set a $980.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $995.52.
Read Our Latest Stock Report on Caterpillar
Insider Activity In related news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
About Caterpillar (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.
Read More Five stocks we like better than Caterpillar AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Bank of Nova Scotia ve 2. čtvrtletí získala novou pozici v Caterpillar za zhruba 313,5 milionu USD a drží 294 412 akcií. Caterpillar zároveň oznámil čtvrtletní EPS 8,17 USD a tržby 20,54 miliardy USD, obojí nad odhady.
Bank of Nova Scotia bought a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 294,412 shares of the industrial products company’s stock, valued at approximately $313,522,000. Bank of Nova Scotia owned approximately 0.06% of Caterpillar as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Lam Group Inc. bought a new position in Caterpillar during the first quarter valued at approximately $26,000. Frazier Financial Advisors LLC increased its position in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares during the period. Decker Retirement Planning Inc. raised its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Caterpillar during the 4th quarter valued at approximately $32,000. Finally, Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth CAT has been the subject of a number of recent analyst reports. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Rothschild & Co Redburn increased their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted 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, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $995.52.
View Our Latest Stock Report on Caterpillar Caterpillar Stock Performance CAT stock opened at $813.51 on Friday. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company has a 50-day simple moving average of $872.52 and a 200 day simple moving average of $838.46. The company has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the business earned $4.72 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.
Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. The ex-dividend date was Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio is 28.06%.
Insider Activity In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Key Stories Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Caterpillar Profile (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.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Barbara Oil Co. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the industrial products company’s stock, valued at approximately $13,311,000. Caterpillar comprises about 4.5% of Barbara Oil Co.’s investment portfolio, making the stock its 3rd biggest holding.
Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Diversify Advisory Services LLC purchased a new position in shares of Caterpillar during the second quarter valued at approximately $5,372,000. Axxcess Wealth Management LLC grew its holdings in Caterpillar by 2.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after buying an additional 604 shares in the last quarter. DSG Capital Advisors LLC bought a new position in shares of Caterpillar during the 1st quarter valued at approximately $1,226,000. Cornerstone Planning LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth approximately $4,517,000. Finally, RiverFront Investment Group LLC lifted its holdings in Caterpillar by 21.1% during the 4th quarter. RiverFront Investment Group LLC now owns 8,915 shares of the industrial products company’s stock valued at $5,107,000 after buying an additional 1,552 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analyst Ratings Changes CAT has been the subject of a number of recent analyst reports. Rothschild & Co Redburn raised their price objective on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. DA Davidson upped their price objective on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Citigroup increased their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $995.52. Check Out Our Latest Research Report on CAT
Insider Buying and Selling In other 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 sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
Caterpillar Stock Performance NYSE CAT opened at $813.51 on Friday. The business’s 50-day moving average price is $872.52 and its 200 day moving average price is $838.46. Caterpillar Inc. has a 52-week low of $416.44 and a 52-week high of $1,073.46. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.72 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.
Caterpillar Company Profile (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.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Leigh Baldwin & CO. LLC ve 2. čtvrtletí nově koupila 1 187 akcií Caterpillar za zhruba 1,264 milionu USD. CEO Joseph E. Creed prodal 32 401 akcií za 26,211,760.98 USD.
Leigh Baldwin & CO. LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,187 shares of the industrial products company’s stock, valued at approximately $1,264,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Osmosis Investment Management UK Ltd purchased a new stake in shares of Caterpillar during the second quarter valued at $3,100,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Caterpillar during the 2nd quarter valued at about $11,756,000. Seros Financial LLC bought a new stake in shares of Caterpillar in the second quarter worth approximately $214,000. Covington Investment Advisors Inc. purchased a new position in shares of Caterpillar during the second quarter valued at approximately $16,096,000. Finally, Barbara Oil Co. bought a new position in Caterpillar during the second quarter valued at approximately $13,311,000. Institutional investors own 70.98% of the company’s stock.
Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.
Caterpillar Stock Performance CAT opened at $813.51 on Friday. The stock has a market capitalization of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The company has a fifty day moving average of $872.52 and a 200 day moving average of $838.46. Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business posted $4.72 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.
Caterpillar Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is currently 28.06%.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analysts Set New Price Targets A number of research firms have commented on CAT. Truist Financial set a $980.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. DA Davidson raised their price target on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. 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 report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Citigroup increased their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $995.52.
Check Out Our Latest Stock Report on Caterpillar
Caterpillar Company Profile (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.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.
Clear Harbor Asset Management ve 2. čtvrtletí otevřela novou pozici v Caterpillar za zhruba 39,88 milionu USD. Nakoupila 37 448 akcií a CAT tvoří 2,5 % jejího portfolia.
Clear Harbor Asset Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,448 shares of the industrial products company’s stock, valued at approximately $39,878,000. Caterpillar comprises 2.5% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 8th largest holding.
A number of other large investors have also added to or reduced their stakes in the business. Decker Retirement Planning Inc. increased its position in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co lifted its holdings in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Caterpillar in the second quarter worth $36,000. Lam Group Inc. acquired a new stake in Caterpillar in the first quarter valued at $26,000. Finally, Tacita Capital Inc acquired a new stake in Caterpillar in the second quarter valued at $47,000. Institutional investors own 70.98% of the company’s stock.
Caterpillar Stock Performance NYSE:CAT opened at $813.51 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $416.44 and a twelve month high of $1,073.46. The company has a fifty day moving average of $872.52 and a 200-day moving average of $838.46. The firm has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.72 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.34 EPS for the current year. Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s payout ratio is currently 28.06%.
Insider Activity In other news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.
Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analyst Upgrades and Downgrades Several research analysts have commented on CAT shares. Wells Fargo & Company lifted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. Oppenheimer restated an “outperform” rating and set a $1,118.00 price objective on shares of Caterpillar in a research report on Tuesday, August 4th. Citigroup lifted their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Truist Financial set a $980.00 target price on Caterpillar in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $995.52.
Read Our Latest Stock Analysis on CAT
Caterpillar Company Profile (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.
Read More Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Jericho Financial LLP ve 2. čtvrtletí koupila nový podíl ve společnosti Caterpillar za zhruba 10,275 mil. USD. Firma tak drží 9 649 akcií a Caterpillar je její druhá největší pozice.
Jericho Financial LLP purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,649 shares of the industrial products company’s stock, valued at approximately $10,275,000. Caterpillar makes up approximately 5.3% of Jericho Financial LLP’s investment portfolio, making the stock its 2nd biggest holding.
Several other hedge funds also recently made changes to their positions in the company. Lam Group Inc. purchased a new position in Caterpillar during the 1st quarter worth approximately $26,000. Frazier Financial Advisors LLC increased its stake in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 33 shares during the period. Decker Retirement Planning Inc. lifted its holdings in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Caterpillar in the fourth quarter valued at $32,000. Finally, Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Analyst Ratings Changes CAT has been the subject of a number of research analyst reports. Weiss Ratings upgraded Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. DA Davidson upped their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Barclays increased their price target on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Evercore restated an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and an average target price of $995.52.
Read Our Latest Stock Analysis on Caterpillar Insider Transactions at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.
Caterpillar Stock Up 1.7% Shares of NYSE CAT opened at $813.51 on Friday. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.60. 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 Inc. has a 1 year low of $416.44 and a 1 year high of $1,073.46. The firm’s 50 day moving average price is $872.52 and its 200 day moving average price is $838.46.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $4.72 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is 28.06%.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? About Caterpillar (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.
Further Reading Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Capital Square LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,460 shares of the industrial products company’s stock, valued at approximately $1,391,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Caterpillar in the second quarter valued at about $40,457,153,000. Diamant Asset Management Inc. boosted its stake in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar in the 2nd quarter worth approximately $3,192,710,000. Ascentis Wealth Management LLC increased its stake in Caterpillar by 110,539.0% in the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company’s stock valued at $2,711,772,000 after purchasing an additional 2,515,867 shares in the last quarter. Finally, Capital International Investors acquired a new position in Caterpillar during the fourth quarter worth $1,225,317,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Analyst Ratings Changes Several analysts have weighed in on CAT shares. Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. UBS Group boosted their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Citigroup raised their target price on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, DA Davidson upped their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $995.52.
Read Our Latest Stock Analysis on Caterpillar Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Caterpillar Stock Up 1.7% Shares of NYSE:CAT opened at $813.51 on Friday. Caterpillar Inc. has a 12-month low of $416.44 and a 12-month high of $1,073.46. The stock’s 50-day moving average price is $872.52 and its two-hundred day moving average price is $838.46. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.72 earnings per share. On average, research analysts forecast that Caterpillar Inc. will post 27.34 EPS for the current year.
Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is presently 28.06%.
Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction on Friday, August 28th. The shares were 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 directly owned 34,555 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.33% of the company’s stock.
About Caterpillar (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.
See Also Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Haverford Trust Co. ve 2. čtvrtletí koupila nový podíl v Caterpillar za zhruba 5,103 mil. USD, když nabyla 4 792 akcií. Institucionální investoři nyní drží 70,98 % akcií.
Haverford Trust Co purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,792 shares of the industrial products company’s stock, valued at approximately $5,103,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacific Point Advisors LLC purchased a new stake in Caterpillar during the fourth quarter valued at approximately $579,000. Brighton Jones LLC increased its stake in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 2,519 shares in the last quarter. United Bank raised its holdings in Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after acquiring an additional 2,125 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock valued at $3,551,000 after acquiring an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after acquiring an additional 34,846 shares in the last quarter. 70.98% of the stock is owned by institutional investors.
Caterpillar Price Performance Shares of CAT stock opened at $813.51 on Friday. The company’s 50-day simple moving average is $872.52 and its two-hundred day simple moving average is $838.46. The company has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60. Caterpillar Inc. has a one year low of $416.44 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the company posted $4.72 EPS. Caterpillar’s revenue was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.34 EPS for the current year. Caterpillar Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s payout ratio is currently 28.06%.
Wall Street Analyst Weigh In Several research firms have weighed in on CAT. Truist Financial set a $980.00 price target on Caterpillar in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Oppenheimer restated an “outperform” rating and set a $1,118.00 target price on shares of Caterpillar in a research report on Tuesday, August 4th. Evercore reiterated an “outperform” rating and issued a $1,103.00 price target on shares of Caterpillar in a report on Monday, May 11th. Finally, Barclays boosted their price target on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $995.52.
Check Out Our Latest Stock Analysis on Caterpillar
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Insider Transactions at Caterpillar In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.
Caterpillar Profile (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.
Featured Stories Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.
Keebeck Wealth Management bought a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,455 shares of the industrial products company’s stock, valued at approximately $2,614,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Caterpillar in the 2nd quarter valued at $40,457,153,000. State Street Corp increased its holdings in Caterpillar by 1.1% during the 4th quarter. State Street Corp now owns 35,388,550 shares of the industrial products company’s stock worth $20,273,039,000 after purchasing an additional 385,204 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock valued at $6,072,572,000 after purchasing an additional 94,524 shares during the period. Fisher Asset Management LLC boosted its position in shares of Caterpillar by 0.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after buying an additional 54,069 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Caterpillar by 16.0% during the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock worth $3,860,457,000 after buying an additional 928,974 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Key Stories Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: AI and robotics expansion: Caterpillar is collaborating with FieldAI, using physical AI, autonomy, robotics, digital twins and NVIDIA technology to improve safety, productivity and decision-making at construction sites and factories. The initiative could support higher-margin technology and services revenue over time. Caterpillar and FieldAI Advance AI-Powered Industrial Innovation Positive Sentiment: Data-center power demand remains a growth driver: Caterpillar’s Power & Energy business is benefiting from rising electricity needs tied to data centers and artificial-intelligence infrastructure. Retail sales to power-generation users reportedly surged 72% year over year in the second quarter, strengthening the long-term growth narrative. Can CAT Stock Compound Its Way Higher? Positive Sentiment: Higher earnings forecast: Erste Group Bank raised its fiscal 2026 EPS estimate to $27.50 from $24.78, modestly above consensus. Caterpillar’s latest quarter also showed strong momentum, with EPS of $8.17 and revenue of $20.54 billion exceeding estimates. Caterpillar FY2026 EPS Forecast Raised by Erste Group Bank Neutral Sentiment: Pullback creates a valuation debate: Analysts describe the recent decline as potentially attractive, but Caterpillar still trades at a relatively elevated earnings multiple. Investors are assessing whether expected AI, power-generation and industrial growth is already reflected in the share price. That Dip in Caterpillar Stock Looks Tempting, But Don’t Ignore the Catch Negative Sentiment: CEO insider sale adds pressure: Chief Executive Joseph Creed sold 32,401 shares for approximately $26.2 million, reducing his holdings by 48.39%. The transaction may weigh on sentiment, although it does not necessarily indicate deteriorating business prospects. SEC Insider Transaction Filing Negative Sentiment: Post-earnings weakness and technical concerns: CAT’s decline since earnings suggests investors may be taking profits after the strong report, while the stock remains below its recent moving averages. A trader has also argued that the shares may be ready to be “faded,” reinforcing near-term caution. Time to Start Fading Caterpillar Stock Analyst Ratings Changes A number of research firms have weighed in on CAT. Evercore reaffirmed an “outperform” rating and set a $1,103.00 price target on shares of Caterpillar in a research report on Monday, May 11th. Zacks Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Rothschild & Co Redburn lifted their price target on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, UBS Group boosted their price target on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus price target of $995.52. Read Our Latest Report on Caterpillar
Caterpillar Price Performance NYSE:CAT opened at $798.29 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average price is $876.18 and its two-hundred day moving average price is $838.63. Caterpillar Inc. has a 12-month low of $414.29 and a 12-month high of $1,073.46. The firm has a market capitalization of $366.95 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.38 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the company earned $4.72 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 27.35 earnings per share for the current year.
Caterpillar Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is currently 28.06%.
Insider Activity at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.
Caterpillar Company Profile (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.
Read More Five stocks we like better than Caterpillar The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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Keating Financial Advisory Services Inc. ve 2. čtvrtletí koupila 1 200 akcií společnosti Caterpillar za zhruba 1,278 milionu USD. CEO Joseph E. Creed zároveň prodal 32 401 akcií za asi 26,2 milionu USD.
Keating Financial Advisory Services Inc. acquired a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,200 shares of the industrial products company’s stock, valued at approximately $1,278,000.
Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC increased its stake 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 buying an additional 11 shares during the period. Inspirion Wealth Advisors LLC boosted its stake in shares of Caterpillar by 1.2% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock valued at $936,000 after purchasing an additional 11 shares during the last quarter. Bell Bank raised its stake in Caterpillar by 0.6% during the second 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 during the last quarter. Cornerstone Advisory LLC lifted its stake in shares of 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 purchasing an additional 12 shares during the period. Finally, Advisory Resource Group lifted its position in shares of Caterpillar by 0.8% during the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 13 shares during the period. Institutional investors own 70.98% of the company’s stock.
Analysts Set New Price Targets Several research firms have recently commented on CAT. UBS Group boosted their price objective on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research note on Monday, May 11th. Oppenheimer reiterated an “outperform” rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $995.52.
Read Our Latest Report on CAT Insider Activity In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.
Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: AI and robotics expansion: Caterpillar is collaborating with FieldAI, using physical AI, autonomy, robotics, digital twins and NVIDIA technology to improve safety, productivity and decision-making at construction sites and factories. The initiative could support higher-margin technology and services revenue over time. Caterpillar and FieldAI Advance AI-Powered Industrial Innovation Positive Sentiment: Data-center power demand remains a growth driver: Caterpillar’s Power & Energy business is benefiting from rising electricity needs tied to data centers and artificial-intelligence infrastructure. Retail sales to power-generation users reportedly surged 72% year over year in the second quarter, strengthening the long-term growth narrative. Can CAT Stock Compound Its Way Higher? Positive Sentiment: Higher earnings forecast: Erste Group Bank raised its fiscal 2026 EPS estimate to $27.50 from $24.78, modestly above consensus. Caterpillar’s latest quarter also showed strong momentum, with EPS of $8.17 and revenue of $20.54 billion exceeding estimates. Caterpillar FY2026 EPS Forecast Raised by Erste Group Bank Neutral Sentiment: Pullback creates a valuation debate: Analysts describe the recent decline as potentially attractive, but Caterpillar still trades at a relatively elevated earnings multiple. Investors are assessing whether expected AI, power-generation and industrial growth is already reflected in the share price. That Dip in Caterpillar Stock Looks Tempting, But Don’t Ignore the Catch Negative Sentiment: CEO insider sale adds pressure: Chief Executive Joseph Creed sold 32,401 shares for approximately $26.2 million, reducing his holdings by 48.39%. The transaction may weigh on sentiment, although it does not necessarily indicate deteriorating business prospects. SEC Insider Transaction Filing Negative Sentiment: Post-earnings weakness and technical concerns: CAT’s decline since earnings suggests investors may be taking profits after the strong report, while the stock remains below its recent moving averages. A trader has also argued that the shares may be ready to be “faded,” reinforcing near-term caution. Time to Start Fading Caterpillar Stock Caterpillar Stock Performance NYSE:CAT opened at $798.29 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $414.29 and a twelve month high of $1,073.46. The stock has a market cap of $366.95 billion, a P/E ratio of 34.35, a PEG ratio of 1.38 and a beta of 1.60. The business’s 50-day moving average price is $876.18 and its two-hundred day moving average price is $838.63.
Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings data 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 net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the company posted $4.72 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts predict that Caterpillar Inc. will post 27.35 EPS for the current fiscal year.
Caterpillar Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were paid a $1.63 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s payout ratio is currently 28.06%.
About Caterpillar (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.
Featured Articles Five stocks we like better than Caterpillar The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Causey Wealth LLC ve 2. čtvrtletí otevřela novou pozici v Caterpillar: 707 akcií za zhruba 753 000 USD. Podíl tvoří asi 0,3 % portfolia a je 23. největší.
Causey Wealth LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 707 shares of the industrial products company’s stock, valued at approximately $753,000. Caterpillar comprises about 0.3% of Causey Wealth LLC’s investment portfolio, making the stock its 23rd largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. increased its position in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares during the period. Matrix Trust Co increased its stake in Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares during the period. Axiom Investment Management LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $36,000. Lam Group Inc. purchased a new position in Caterpillar in the first quarter valued at about $26,000. Finally, Tacita Capital Inc acquired a new stake in shares of Caterpillar in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Caterpillar Price Performance CAT opened at $798.29 on Friday. Caterpillar Inc. has a twelve month low of $414.29 and a twelve month high of $1,073.46. The firm has a market cap of $366.95 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.38 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $876.18 and a 200 day simple moving average of $838.63.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.72 EPS. Equities research analysts expect that Caterpillar Inc. will post 27.35 EPS for the current fiscal year. Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a $1.63 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.
Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: AI and robotics expansion: Caterpillar is collaborating with FieldAI, using physical AI, autonomy, robotics, digital twins and NVIDIA technology to improve safety, productivity and decision-making at construction sites and factories. The initiative could support higher-margin technology and services revenue over time. Caterpillar and FieldAI Advance AI-Powered Industrial Innovation Positive Sentiment: Data-center power demand remains a growth driver: Caterpillar’s Power & Energy business is benefiting from rising electricity needs tied to data centers and artificial-intelligence infrastructure. Retail sales to power-generation users reportedly surged 72% year over year in the second quarter, strengthening the long-term growth narrative. Can CAT Stock Compound Its Way Higher? Positive Sentiment: Higher earnings forecast: Erste Group Bank raised its fiscal 2026 EPS estimate to $27.50 from $24.78, modestly above consensus. Caterpillar’s latest quarter also showed strong momentum, with EPS of $8.17 and revenue of $20.54 billion exceeding estimates. Caterpillar FY2026 EPS Forecast Raised by Erste Group Bank Neutral Sentiment: Pullback creates a valuation debate: Analysts describe the recent decline as potentially attractive, but Caterpillar still trades at a relatively elevated earnings multiple. Investors are assessing whether expected AI, power-generation and industrial growth is already reflected in the share price. That Dip in Caterpillar Stock Looks Tempting, But Don’t Ignore the Catch Negative Sentiment: CEO insider sale adds pressure: Chief Executive Joseph Creed sold 32,401 shares for approximately $26.2 million, reducing his holdings by 48.39%. The transaction may weigh on sentiment, although it does not necessarily indicate deteriorating business prospects. SEC Insider Transaction Filing Negative Sentiment: Post-earnings weakness and technical concerns: CAT’s decline since earnings suggests investors may be taking profits after the strong report, while the stock remains below its recent moving averages. A trader has also argued that the shares may be ready to be “faded,” reinforcing near-term caution. Time to Start Fading Caterpillar Stock Wall Street Analysts Forecast Growth CAT has been the subject of several research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1,002.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. DA Davidson increased their price target on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Evercore restated an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a report on Monday, May 11th. Finally, Barclays lifted their target price on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $995.52.
View Our Latest Analysis on Caterpillar
Insiders Place Their Bets In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar 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 sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.
Caterpillar Company Profile (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.
Read More Five stocks we like better than Caterpillar The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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Caterpillar spolu s FieldAI vyvíjí fyzickou AI pro inspekce a optimalizaci provozu v průmyslu. Projekt využije technologie NVIDIA pro digitální dvojčata a simulaci složitých prostředí.
Key Takeaways CAT and FieldAI are developing physical AI applications for inspections and workflow optimization.NVIDIA technologies will support digital twins to simulate and optimize complex physical environments.Komatsu is also advancing physical AI and autonomous equipment, intensifying competition. Caterpillar Inc. (CAT - Free Report) is accelerating its push into Artificial Intelligence-powered industrial operations through a collaboration with FieldAI. This highlights the growing importance of robotics, autonomy and digital technologies in reshaping construction, mining and manufacturing environments. The partnership aligns with Caterpillar's broader vision of creating safer, smarter and more productive job sites by combining its industry expertise and operational data with FieldAI's AI-enabled robotics platform.
A key focus of the collaboration is physical AI, which enables machines and robots to interpret real-world environments and convert real-time observations into actionable insights. Early applications include autonomous inspections, enhanced situational awareness, operational optimization and a virtual representation of job sites, facilities and equipment. These capabilities could help customers identify potential risks earlier, improve decision-making and optimize workflows while reducing dependence on manual processes.
The partnership also highlights the increasing role of NVIDIA (NVDA - Free Report) in the industrial AI ecosystem. Caterpillar and FieldAI plan to leverage NVIDIA accelerated computing and NVIDIA Omniverse technologies to develop high-fidelity digital twins using operational data. These technologies can enable the simulation of complex physical environments and workflows, allowing companies to test and optimize operations before deploying solutions in real-world settings.
For Caterpillar, the FieldAI collaboration builds on decades of investment in autonomy. The company has already established a significant presence in autonomous mining and is now seeking to extend these capabilities into more complex and dynamic environments. CAT's vast installed base of connected equipment and operational data could provide an important advantage as AI models increasingly require real-world data to improve decision-making and machine performance.
Caterpillar's peer Komatsu (KMTUY - Free Report) is pursuing a similar technology-driven transformation, underscoring the intensifying competition in autonomous construction and mining equipment.
Komatsu recently partnered with AIM Intelligent Machines to advance autonomous operation of bulldozers and hydraulic excavators, integrating physical AI with its Smart Construction platform. The initiative is designed to connect construction planning, equipment management and autonomous execution into a more seamless digital workflow.
CAT’s Price Performance, Valuation & EstimatesCaterpillar shares have gained 90.9% in the past year, outperforming the industry's 75.3% growth.
Image Source: Zacks Investment Research
CAT is currently trading at a forward 12-month P/E of 25.60X, a premium compared with the industry’s 23.85X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 points to year-over-year earnings growth of 43.5%, while the 2027 estimate implies growth of around 20.2%.
Image Source: Zacks Investment Research
Earnings estimates for both years have moved up over the past 60 days.
Image Source: Zacks Investment Research
Caterpillar stock currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A month has gone by since the last earnings report for Caterpillar (CAT - Free Report) . Shares have lost about 9.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Caterpillar due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Caterpillar Inc. before we dive into how investors and analysts have reacted as of late.
Caterpillar Q2 Earnings Beat Estimates on Higher Volume and PricingCaterpillar reported adjusted earnings of $8.17 per share for the second quarter of 2026, up 73% year over year. The figure surpassed the Zacks Consensus Estimate of $6.25 by 30.72%. Higher sales volume and favorable price realization supported the performance.
Including one-time items, Caterpillar’s earnings per share were $7.77 compared with $4.62 in the year-ago quarter.
Caterpillar's Q2 Revenues Powered by Volume, Reports Record BacklogSales and revenues increased 24% to $20.5 billion and topped the consensus estimate of $19.3 billion by 6.37%. The quarter marked Caterpillar’s first-ever revenue total above $20 billion. The increase primarily reflected $3.1 billion of higher sales volume and $595 million of favorable price realization. Currency movements added $199 million, while Financial Products revenues contributed another $67 million.
Higher sales of equipment to end users drove the volume increase. Sales rose across all three primary operating segments and every geographic region. Caterpillar’s order backlog surged 92% year over year to a record $72 billion.
Caterpillar's Margins Expand Sharply in Q2Cost of goods sold rose 18% to $12.781 billion. Gross profit was up 34.7% to $7.76 billion from the prior-year quarter. The gross margin expanded 300 basis points to 37.8% from the year-ago quarter.
Selling, general and administrative expenses increased 19% to $2 billion, while research and development expenses advanced 12% to $616 million. Operating profit increased 50% year over year to around $4.3 billion. The operating margin expanded to 20.9% from 17.3%, as the profit contribution from higher volume and pricing more than offset increased operating expenses.
Adjusted operating profit climbed 54% to around $4.5 billion, while the adjusted operating margin improved to 21.9% from 17.6%. The quarter included $392 million of expected International Emergency Economic Powers Act (IEEPA) tariff recoveries.
Segments Deliver Higher Sales and Improved ProfitsTotal Machinery, Power & Energy (MP&E) sales rose 24.9% year over year to around $19.6 billion. Operating profit was around $4.2 billion, up 51% year over year.
Construction Industries delivered the strongest segment sales growth. Revenues increased 35% to $8.3 billion, driven by $1.7 billion of higher volume and $309 million of favorable price realization. Segment profit advanced 57% to $1.9 billion, due to the higher sales volume. Margin widened to 23.3% from 20.1% in the prior-year quarter.
Resource Industries sales rose 20% to $4.6 billion, mainly reflecting higher equipment sales to end users. Segment profit increased 23% to $693 million. Margin edged up to 14.9% from 14.5%, as higher volume offset $158 million of unfavorable manufacturing costs.
Power & Energy sales increased 17% year over year to $8.2 billion. The improvement reflected $736 million of higher volume, $212 million of favorable pricing and a $200 million increase in intersegment sales. The segment reported sales growth in Power Generation (29%), followed by 9% growth in Industrial and Oil and Gas sectors. Segment profit rose 30% to $2 billion and segment margin expanded 250 basis points to 24.6%. Volume and pricing benefits outweighed $149 million of unfavorable manufacturing costs, mainly related to higher period manufacturing expenses.
Financial Products revenues advanced 10% to $1.1 billion on higher average earning assets. Segment profit increased 32% to $328 million, aided by earning-asset growth and improved Insurance Services results, partly offset by a higher provision for credit losses.
Caterpillar's Cash Flow and Outlook StrengthenMachinery, Power & Energy operating cash flow reached $5.7 billion, up 94% year over year. Free cash flow more than doubled to $5.1 billion. CAT returned $2.2 billion to shareholders through $1.5 billion of share repurchases and $700 million of dividends. Caterpillar ended the quarter with $6.7 billion in cash and equivalents.
Caterpillar's Expectations for Q3 & 2026Looking to third-quarter 2026, management expects strong growth in sales and revenues compared with the year-ago period. Tariff costs are expected to be in line with the year-ago quarter. CAT anticipates the adjusted operating margin to be higher year over year in the third quarter. For context, the adjusted operating margin was 17.5% in the third quarter of 2025.
For 2026, management expects sales and revenues to grow in the mid-to-high teens. Adjusted operating margin is projected near the bottom of its target range, excluding tariff recoveries. MP&E free cash flow is expected in the top half of the company’s target range. The company forecasts tariff costs of around $2.2 billion, excluding tariff recoveries.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 5.33% due to these changes.
VGM ScoresAt this time, Caterpillar has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Caterpillar has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Power & Energy se stal největším segmentem Caterpillaru, když v roce 2025 dosáhl tržeb 28,6 miliardy USD. Růst táhne poptávka po energii pro datová centra a AI.
Key Takeaways CAT's Power & Energy became its largest segment, generating $28.6 billion in sales and revenues in 2025.Data-center and AI growth is boosting demand for engines, turbines and comprehensive power solutions.Caterpillar plans major capacity expansions by 2030, supported by strong backlog and service opportunities. Caterpillar Inc.’s (CAT - Free Report) Power & Energy segment has emerged as a major growth engine and is expected to play an increasingly important role in its long-term strategy. The business is benefiting from structural trends in global energy demand, particularly the rapid expansion of data centers and AI infrastructure, rising electricity consumption, grid constraints and growing demand for distributed and reliable power solutions.
The segment serves three primary end markets, Power Generation, Oil & Gas and Industrial applications, through a broad portfolio of reciprocating engines, gas turbines, generator sets, compression equipment, energy storage systems and related services.
Power & Energy generated $28.6 billion in sales and revenues in 2025, making it Caterpillar's largest operating segment based on sales. Between 2020 and 2025, the segment delivered a compound annual growth rate (CAGR) in revenues of 10.4%. Operating margins have risen from 16.4% in 2020 to 26.3% in 2025.
The momentum continued into 2026, with the segment generating $15.3 billion in revenues in the first half, up 19% year over year. Operating margins were 25.4% in the first quarter of 2026 and a record 29.8% in the second quarter.
Growth is being supported by rising demand for large reciprocating engines, turbines and related services for data center applications. The accelerating buildout of data centers and AI infrastructure represents a significant opportunity. Caterpillar offers reciprocating engines of up to 10 MW and turbines ranging from one MW to 39 MW for primary and backup power applications. Its portfolio also includes switchgear, controls, inverters and energy storage systems, enabling the company to provide comprehensive power solutions as customers seek alternatives to constrained utility grids.
Caterpillar is investing aggressively to capture this opportunity. The company plans to expand large reciprocating engine capacity to nearly three times the 2024 levels and gas turbine capacity by 2.5 times by 2030. It is also targeting Power Generation sales of more than three times 2024 levels by the end of the decade. These investments are supported by a strong backlog and growing demand for both prime and backup power solutions.
Services represent another important growth lever. The increasing use of continuously operating power systems, including data-center primary power and natural gas infrastructure, creates long-duration aftermarket opportunities. Gas turbines can generate service opportunities for 30-40 years, while digital monitoring, long-term service agreements, remanufacturing and turbine exchange programs further strengthen recurring revenue potential.
How Does CAT’s Power & Energy Segment Stack Up Against Peers?Caterpillar’s Power & Energy segment competes with Cummins Inc.’s (CMI - Free Report) Power Systems segment and GE Vernova Inc.’s (GEV - Free Report) Power and Electrification segment.
Cummins’ Power Systems segment contributed 18% of its total sales in 2025. The segment’s sales were $7.46 billion in 2025, up 16% year over year. The segment’s revenues have witnessed a CAGR of 15.5% over 2020-2025. In the first half of 2026, Power Systems’ revenues were $4.2 billion, up 19% year over year, reflecting higher demand for power generation equipment, especially in China and North America. The segment generated 19% of Cummins’ total revenues for the period.
GE Vernova’s Power segment increased 10% to $19.8 billion in 2025, contributing 52% of GE Vernova’s total sales. The electrification segment saw a 26% rise in revenues to $9.6 billion, accounting for 25% of the company’s total revenues. In the first half of 2026, the Power segment generated $10 billion of revenues, up 13% year over year, while the electrification segment’s revenues surged 65% to $6.6 billion.
CAT’s Price Performance, Valuation & EstimatesCaterpillar shares have gained 87.7% in the past year, outperforming the manufacturing - construction and mining industry's 76.5% growth.
Image Source: Zacks Investment Research
CAT is currently trading at a forward 12-month P/E of 25.19X, a premium compared with the industry’s 24.08X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 points to year-over-year earnings growth of 43.5%, while the 2027 estimate implies growth of around 19.9%.
Image Source: Zacks Investment Research
Earnings estimates for both years have moved up over the past 60 days.
Image Source: Zacks Investment Research
Caterpillar stock currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Edmond DE Rothschild Holding S.A. bought a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,677 shares of the industrial products company’s stock, valued at approximately $4,981,000.
Other large investors have also made changes to their positions in the company. Lam Group Inc. bought a new stake in Caterpillar during the first quarter worth $26,000. Frazier Financial Advisors LLC increased its stake in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares during the last quarter. Decker Retirement Planning Inc. raised its holdings in shares of Caterpillar by 440.0% during the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $32,000. Finally, Matrix Trust Co boosted its stake in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Caterpillar Price Performance CAT stock opened at $778.59 on Wednesday. The company has a fifty day moving average price of $885.31 and a 200-day moving average price of $838.23. The company has a market capitalization of $357.89 billion, a P/E ratio of 33.50, a PEG ratio of 1.38 and a beta of 1.60. Caterpillar Inc. has a 52-week low of $410.52 and a 52-week high of $1,073.46. 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 (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.72 earnings per share. As a group, equities analysts expect that Caterpillar Inc. will post 27.35 EPS for the current year. Caterpillar Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar’s payout ratio is currently 28.06%.
Insider Buying and Selling at Caterpillar In other news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.
Caterpillar News Summary Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2026 EPS forecast for Caterpillar to $27.50 from $24.78, above the current analyst consensus of $27.14. The firm maintains a “Hold” rating, so the estimate increase is positive but not a strong bullish endorsement. Erste Group Bank Predicts Stronger Earnings for Caterpillar Positive Sentiment: Analyst sentiment remains favorable: Caterpillar has received a consensus “Moderate Buy” rating, while a separate analysis highlighted the stock as a potential beneficiary of improving industrial activity. However, brokerage recommendations can be overly optimistic and may have limited immediate impact. Caterpillar Receives Consensus Rating of Moderate Buy Positive Sentiment: Improving durable-goods demand: July durable-goods orders increased 1.1%, supporting the view that a manufacturing recovery could benefit Caterpillar’s equipment demand and broader industrial stocks. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders Neutral Sentiment: Investors are watching the pullback: Commentary focused on Caterpillar’s recent decline, suggesting the stock’s technical performance and elevated valuation remain important considerations even after strong quarterly earnings. Why We’re Watching the Caterpillar Stock Pullback Negative Sentiment: Market-wide pressure: Caterpillar was among the stocks weighing on the Dow as investors reduced exposure to major companies, indicating that broader market sentiment—not just company-specific fundamentals—is contributing to the weakness. NVIDIA Corp., Caterpillar Share Losses Lead Dow’s Fall Negative Sentiment: CEO insider selling: CEO Joseph E. Creed sold 32,401 shares for approximately $26.2 million, reducing his position by 48.39%. The sale may concern investors, although insider transactions can reflect personal financial planning rather than a change in the company’s outlook. SEC Insider Transaction Filing Analysts Set New Price Targets Several research analysts have commented on CAT shares. Citigroup boosted their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barclays upped their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn increased their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Finally, Evercore reiterated an “outperform” rating and set a $1,103.00 price target on shares of Caterpillar in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $995.52.
Check Out Our Latest Report on Caterpillar
Caterpillar Profile (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.
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E Fund Management Co. Ltd. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,998 shares of the industrial products company’s stock, valued at approximately $5,322,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in CAT. Lam Group Inc. purchased a new position in Caterpillar during the 1st quarter valued at about $26,000. Frazier Financial Advisors LLC lifted its position in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 33 shares during the period. Decker Retirement Planning Inc. boosted its stake in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $32,000. Finally, Matrix Trust Co increased its holdings in Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares during the period. 70.98% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.
Wall Street Analyst Weigh In A number of research firms have weighed in on CAT. Citigroup upped their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their price target on Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Robert W. Baird set a $970.00 price objective on Caterpillar in a research note on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,118.00 price objective on shares of Caterpillar in a research report on Tuesday, August 4th. Finally, Barclays lifted their target price on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $995.52. Check Out Our Latest Stock Analysis on CAT
Caterpillar Stock Performance CAT opened at $778.59 on Wednesday. Caterpillar Inc. has a 52-week low of $410.52 and a 52-week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company has a market cap of $357.89 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. The firm’s 50-day moving average price is $885.31 and its 200-day moving average price is $838.23.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business earned $4.72 EPS. Caterpillar’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.35 EPS for the current fiscal year.
Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is presently 28.06%.
Caterpillar News Summary Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2026 EPS forecast for Caterpillar to $27.50 from $24.78, above the current analyst consensus of $27.14. The firm maintains a “Hold” rating, so the estimate increase is positive but not a strong bullish endorsement. Erste Group Bank Predicts Stronger Earnings for Caterpillar Positive Sentiment: Analyst sentiment remains favorable: Caterpillar has received a consensus “Moderate Buy” rating, while a separate analysis highlighted the stock as a potential beneficiary of improving industrial activity. However, brokerage recommendations can be overly optimistic and may have limited immediate impact. Caterpillar Receives Consensus Rating of Moderate Buy Positive Sentiment: Improving durable-goods demand: July durable-goods orders increased 1.1%, supporting the view that a manufacturing recovery could benefit Caterpillar’s equipment demand and broader industrial stocks. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders Neutral Sentiment: Investors are watching the pullback: Commentary focused on Caterpillar’s recent decline, suggesting the stock’s technical performance and elevated valuation remain important considerations even after strong quarterly earnings. Why We’re Watching the Caterpillar Stock Pullback Negative Sentiment: Market-wide pressure: Caterpillar was among the stocks weighing on the Dow as investors reduced exposure to major companies, indicating that broader market sentiment—not just company-specific fundamentals—is contributing to the weakness. NVIDIA Corp., Caterpillar Share Losses Lead Dow’s Fall Negative Sentiment: CEO insider selling: CEO Joseph E. Creed sold 32,401 shares for approximately $26.2 million, reducing his position by 48.39%. The sale may concern investors, although insider transactions can reflect personal financial planning rather than a change in the company’s outlook. SEC Insider Transaction Filing Caterpillar Profile (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.
Recommended Stories Five stocks we like better than Caterpillar Dutch Bros Sell-Off Creates a Growth Opportunity NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat Is Abercrombie & Fitch’s Hot Streak Just Getting Started? Medtronic’s Stars Are Aligning for a Price Recovery Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Caterpillar hlásí rekordní objednávkový backlog 72 miliard USD, meziročně o 92 % více; 59 % má být dodáno během příštích 12 měsíců. Tahounem je poptávka po energii pro datová centra pro AI.
Key Takeaways Caterpillar's backlog hit a record $72 billion, up 92% year over year, with 59% due within 12 months.AI data-center demand is driving robust orders for reciprocating engines and power-generation growth.Caterpillar plans to nearly triple engine capacity and more than triple Power Generation sales by 2030. U.S. industrial and manufacturing stocks are seeing a massive price surge from the artificial intelligence (AI) data center boom. Heavy machinery giant Caterpillar Inc. (CAT - Free Report) is one of them. The company has been benefiting from broad demand across construction, mining and power markets, with rising sales to users and a record backlog.
CAT’s order backlog reached a record $72 billion at the end of second-quarter 2026, up 92% year over year. All three primary segments contributed to the increase, and 59% of the backlog is expected to be delivered over the next 12 months.
Growth Through AI-Driven Data Centers Caterpillar is gaining from rising AI data-center-related power demand. As big technology companies establish data centers globally to support their generative AI applications, CAT is witnessing robust order levels for reciprocating engines for data centers.
CAT expects full-year 2026 power generation growth in both reciprocating engines and Solar Turbines as cloud computing and generative AI support data-center build-outs. The company continues to add capacity against this multi-year opportunity.
CAT’s long-term plan calls for large reciprocating engine capacity nearly three times the 2024 levels and Power Generation sales more than three times the 2024 levels by 2030. It is also restarting a 10-megawatt gas reciprocating engine platform, adding about 1.5 gigawatts of capacity with shipments expected from fourth-quarter 2026.
Product Innovation Caterpillar continues to invest in digital capabilities, connected assets, services and more productive equipment to deepen customer relationships beyond new-machine sales. The company targets services revenues of $30 billion by 2030, up from $24 billion in 2025.
CAT is also extending its digital and AI capabilities through Cat AI Assistant, its expanded collaboration with NVIDIA Corp. (NVDA - Free Report) , RPMGlobal and Skycatch. These initiatives add software, spatial analytics and AI tools that can improve equipment interaction, mine planning and operating decisions.
Near-Term CatalystU.S. industrial firms are profiting immensely through increased demand for electrical grid equipment, advanced cooling systems, and specialized semiconductor packaging. The stock price of Caterpillar has surged 36% year to date buoyed by massive power demand for AI data centers.
Image Source: Zacks Investment Research
Demand for these products is likely to remain buoyant as four major hyperscalers raised their AI capital expenditure budget to $750 billion for 2026 from $670 billion estimated earlier. This figure is set to cross $1 trillion next year and rise further beyond 2027.
CAT currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Strong Guidance Looking to third-quarter 2026, management expects strong growth in sales and revenues compared with the year-ago period. Tariff costs are expected to be in line with the year-ago quarter. CAT anticipates the adjusted operating margin to be higher year over year in the third quarter. The adjusted operating margin was 17.5% in the third quarter of 2025.
For 2026, management expects sales and revenues to grow in the mid-to-high teens. Adjusted operating margin is projected near the bottom of its target range, excluding tariff recoveries. Machinery, Power & Energy (MP&E) free cash flow is expected in the top half of the company’s target range.
Solid Estimate RevisionsCaterpillar has an expected revenue and earnings growth rate of 16.6% and 42.4%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 9.1% over the last 30 days.
CAT has an expected revenue and earnings growth rate of 10.7% and 20.8%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 0.2% over the last seven days.
Image Source: Zacks Investment Research
Robust Price Upside PotentialThe short-term average price target of brokerage firms represents an increase of 29.6% from the last closing price of $779.16. The brokerage target price is currently in the range of $882-$1,225. This indicates a maximum upside of 57.2% and no downside.
Dala Group LLC ve 2. čtvrtletí nově nakoupila 967 akcií Caterpillar za zhruba 1,03 milionu USD. Podíl CAT tvoří 0,8 % portfolia a je 24. největší pozicí fondu.
Dala Group LLC acquired a new position in Caterpillar Inc. (NYSE:CAT – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 967 shares of the industrial products company’s stock, valued at approximately $1,030,000. Caterpillar accounts for 0.8% of Dala Group LLC’s investment portfolio, making the stock its 24th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $579,000. Brighton Jones LLC boosted its position in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 2,519 shares during the period. United Bank grew its stake in shares of Caterpillar by 108.5% in the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after buying an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after acquiring an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after acquiring an additional 34,846 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.
Caterpillar Trading Down 0.3% Caterpillar stock opened at $797.72 on Tuesday. Caterpillar Inc. has a 1 year low of $410.52 and a 1 year high of $1,073.46. The firm’s 50-day moving average is $889.47 and its 200-day moving average is $838.20. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The company has a market cap of $366.69 billion, a P/E ratio of 34.33, a PEG ratio of 1.40 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm 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 business earned $4.72 earnings per share. Caterpillar’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts expect that Caterpillar Inc. will post 27.14 earnings per share for the current year. Caterpillar Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a $1.63 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio (DPR) is 28.06%.
Key Headlines Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: July durable-goods orders rose 1.1%, suggesting a manufacturing rebound that could support demand for Caterpillar’s construction, mining and industrial equipment. CAT was identified as one of several industrial stocks positioned to benefit. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders Positive Sentiment: Erste Group Bank reportedly expects stronger earnings for Caterpillar, adding to the constructive analyst outlook surrounding the company. Erste Group Bank Predicts Stronger Earnings for Caterpillar Positive Sentiment: Caterpillar’s power-generation business is benefiting from rising electricity demand tied to data centers and artificial intelligence. Recent coverage points to a first-ever quarterly sales total above $20 billion and identifies power generation as an increasingly important growth engine. Forget the Industry Labels: Chevron and Caterpillar Are Both Betting on the AI Power Boom Positive Sentiment: The company is applying its autonomous-mining expertise to industrial AI deployment, including field-support tools such as the Cat AI Assistant. Caterpillar also committed $100 million to AI and robotics workforce training, which could improve productivity and strengthen its technology positioning. Caterpillar Commits $100 Million to AI and Robotics Training Neutral Sentiment: Wall Street’s average brokerage recommendation remains bullish, but the coverage notes that sell-side ratings are often overly optimistic and may have limited predictive value for CAT’s performance. Is Caterpillar a Buy as Wall Street Analysts Look Optimistic? Negative Sentiment: At a high earnings multiple, Caterpillar is increasingly being valued like a technology-growth company. That raises the risk of pressure on the stock if AI-related growth, power-equipment demand or earnings forecasts fail to exceed expectations. How AI Power Demand Transformed Caterpillar into a High-Multiple Tech Play Analyst Ratings Changes CAT has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Citigroup upped their price objective on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Argus boosted their price target on Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays increased their price target on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, Rothschild & Co Redburn lifted their price objective on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $995.52.
Get Our Latest Analysis on CAT
About Caterpillar (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.
Featured Articles Five stocks we like better than Caterpillar Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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