Caterpillar Inc. (NYSE:CAT) Stock Has Consensus Target Price of $967.83 According to Brokerages

Caterpillar Inc. (NYSE:CAT) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $947.42.

Several equities analysts have weighed in on CAT shares. President Capital assumed coverage on Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 target price for the company. Robert W. Baird set a $970.00 price target on Caterpillar in a research report on Wednesday, August 5th. Royal Bank Of Canada increased 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. DA Davidson upped their price objective on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Erste Group Bank lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $714.14 on Wednesday. The business’s 50 day moving average price is $792.99 and its 200 day moving average price is $806.88. The company has a market cap of $328.27 billion, a price-to-earnings ratio of 30.73 and a beta of 1.58. Caterpillar has a one year low of $521.67 and a one year high of $1,073.46.

Caterpillar (NYSE:CAT) last posted its 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 business had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the prior year, the firm earned $4.72 EPS. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts predict that Caterpillar will post 27.74 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is presently 28.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong backlog and AI-related demand: Caterpillar’s power-generation equipment is benefiting from data-center and artificial-intelligence infrastructure spending. The company reportedly has a record $72 billion backlog, with orders extending through 2030, supporting a favorable long-term growth outlook. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Upcoming earnings catalyst: Analysts expect another quarter of revenue and earnings growth when Caterpillar reports on October 29. A recent estimate increase from Erste Group adds to the positive pre-earnings sentiment. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Positive Sentiment: Shareholder returns and capacity expansion: Caterpillar confirmed a $1.63 quarterly dividend payable November 19 and is investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing. These developments reinforce the company’s income appeal and capacity to serve demand. Caterpillar vs. Deere: Which Heavy Equipment Dividend Is Growing Faster?
• Neutral Sentiment: Leadership transition: Resource Industries head Denise Johnson plans to retire in early 2027, with Derrick York named as her successor. The planned handoff provides continuity, although investors may monitor execution in the mining business. Caterpillar Taps Derrick York as Denise Johnson Sets Early 2027 Retirement
• Negative Sentiment: Tariff and legal risks: Rising tariffs could pressure Caterpillar’s margins, while the company is pursuing a significant legal challenge involving the United Kingdom’s post-Brexit tariffs. The outcome could affect costs and trade flexibility. Caterpillar Mounts Landmark Legal Test of UK’s Post-Brexit Tariffs

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 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 directly owned 34,555 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Caterpillar

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Caterpillar during the 2nd quarter worth $40,457,153,000. State Street Corp boosted its position in shares of Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after buying an additional 1,396,356 shares in the last quarter. Bank of America Corp DE acquired a new stake in Caterpillar in the 2nd quarter valued at about $5,818,150,000. Bank of New York Mellon Corp acquired a new position in Caterpillar during the second quarter worth about $3,192,710,000. Finally, Legal & General Group Plc purchased a new stake in shares of Caterpillar in the second quarter valued at about $2,783,451,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

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.