Weekly Investment Analysts’ Ratings Updates for Caterpillar (CAT)

A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

• 7/14/2026 – Caterpillar had its price target raised by Citigroup Inc. from $1,020.00 to $1,100.00. They now have a “buy” rating on the stock.
• 7/14/2026 – Caterpillar was downgraded by Zacks Research from “strong-buy” to “hold”.
• 7/13/2026 – Caterpillar had its price target raised by Oppenheimer Holdings, Inc. from $980.00 to $1,105.00. They now have an “outperform” rating on the stock.
• 7/2/2026 – Caterpillar had its price target raised by Truist Financial Corporation from $1,043.00 to $1,218.00. They now have a “buy” rating on the stock.
• 6/26/2026 – Caterpillar had its price target raised by Robert W. Baird from $1,165.00 to $1,200.00. They now have an “outperform” rating on the stock.
• 6/23/2026 – Caterpillar had its price target raised by Wells Fargo & Company from $1,050.00 to $1,155.00. They now have an “overweight” rating on the stock.
• 6/17/2026 – Caterpillar had its price target raised by JPMorgan Chase & Co. from $1,125.00 to $1,165.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Caterpillar was upgraded by Zacks Research from “hold” to “strong-buy”.
• 6/2/2026 – Caterpillar had its “neutral” rating reaffirmed by UBS Group AG. They now have a $900.00 price target on the stock.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a dividend of $1.63 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio is currently 32.45%.

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the sale, the chief financial officer owned 52,935 shares in the company, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at approximately $45,236,615.75. The trade was a 20.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by insiders.

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.