Caterpillar (NYSE:CAT) Stock Price Target Cut by JPMorgan Chase & Co.

Caterpillar (NYSE:CAT) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $1,100.00 to $1,000.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 60.58% from the company’s current price.

CAT has been the subject of a number of other reports. Wells Fargo & Company dropped their target price on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research report on Monday. President Capital began coverage on shares of Caterpillar in a report on Friday, September 18th. They set a “buy” rating and a $999.00 price target for the company. Royal Bank Of Canada lowered their price target on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays increased their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and an average price target of $913.96.

Caterpillar Stock Performance

NYSE CAT traded down $24.66 during trading hours on Friday, reaching $622.73. The company’s stock had a trading volume of 5,299,167 shares, compared to its average volume of 2,859,748. 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 business has a 50-day simple moving average of $783.25 and a 200 day simple moving average of $807.52. Caterpillar has a 52 week low of $537.08 and a 52 week high of $1,073.46. The stock has a market cap of $286.25 billion, a PE ratio of 26.80, a PEG ratio of 1.22 and a beta of 1.58.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. The company had revenue of $20.68 billion during the quarter, compared to analyst estimates of $20.76 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.95 earnings per share. Equities research analysts predict that Caterpillar will post 27.74 earnings per share for the current fiscal year.

Insider Activity

In other 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 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 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.

Hedge Funds Weigh In On Caterpillar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC raised its stake in shares of Caterpillar by 2.9% in the 3rd quarter. Compass Financial Management LLC now owns 6,950 shares of the industrial products company’s stock worth $5,635,000 after buying an additional 198 shares in the last quarter. Rakuten Investment Management Inc. raised its position in Caterpillar by 9.2% in the third quarter. Rakuten Investment Management Inc. now owns 82,566 shares of the industrial products company’s stock worth $68,252,000 after acquiring an additional 6,961 shares in the last quarter. MFG Investments LLC bought a new stake in Caterpillar in the third quarter worth about $308,000. Provenance Wealth Advisors LLC lifted its holdings in Caterpillar by 40.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 4,488 shares of the industrial products company’s stock valued at $3,639,000 after acquiring an additional 1,285 shares during the last quarter. Finally, TrinityBridge Ltd lifted its holdings in Caterpillar by 3.6% in the 3rd quarter. TrinityBridge Ltd now owns 19,626 shares of the industrial products company’s stock valued at $15,917,000 after acquiring an additional 689 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

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.