Q3 EPS Estimates for Caterpillar Increased by Zacks Research

Caterpillar Inc. (NYSE:CAT) – Equities researchers at Zacks Research increased their Q3 2026 earnings estimates for shares of Caterpillar in a report issued on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $6.37 per share for the quarter, up from their previous forecast of $6.36. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Caterpillar’s current full-year earnings is $26.56 per share. Zacks Research also issued estimates for Caterpillar’s Q1 2027 earnings at $6.27 EPS, Q3 2027 earnings at $7.59 EPS, Q4 2027 earnings at $8.38 EPS, FY2027 earnings at $30.14 EPS, Q1 2028 earnings at $7.94 EPS, Q2 2028 earnings at $9.37 EPS and FY2028 earnings at $35.97 EPS.

A number of other research analysts also recently commented on the company. Morgan Stanley set a $915.00 target price on Caterpillar and gave the company an “equal weight” rating in a research report on Friday, May 1st. Argus upped their price target on shares of Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citigroup increased 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. HSBC boosted their target price on shares of Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $843.54 on Wednesday. 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 has a 12 month low of $410.52 and a 12 month high of $1,073.46. The stock has a 50 day moving average of $913.03 and a 200 day moving average of $830.99. The firm has a market cap of $387.76 billion, a PE ratio of 36.30, a PEG ratio of 1.53 and a beta of 1.60.

Caterpillar (NYSE:CAT) 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.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. 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. Caterpillar’s dividend payout ratio is presently 28.06%.

Institutional Trading of Caterpillar

Institutional investors have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its stake in Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 604 shares during the last quarter. Juno Financial Group LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $877,000. DSG Capital Advisors LLC acquired a new position in shares of Caterpillar in the 1st quarter valued at $1,226,000. Cornerstone Planning LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $4,517,000. Finally, Ticino Wealth acquired a new stake in Caterpillar during the 4th quarter worth $2,488,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s volume-driven growth across all three business segments led to a sharp upgrade in its 2026 sales outlook, supporting the company’s growth case. Caterpillar’s Volume Gains Drive Growth
• Positive Sentiment: Caterpillar announced up to $3 million for workforce development in Arkansas as part of its five-year, $100 million initiative. The investment could strengthen the company’s future manufacturing and technician labor pipeline, although the near-term earnings impact is likely limited. Caterpillar Expands Workforce Initiative to Arkansas
• Neutral Sentiment: After rising 113% over the past year, Caterpillar is attracting increased attention over whether its strong rally can continue. The sharp appreciation may leave the stock more vulnerable to profit-taking if growth expectations soften. How High Can CAT Stock Soar?
• Neutral Sentiment: Caterpillar was included among high-efficiency stocks whose key financial ratios exceed industry averages, reinforcing its operating-quality profile but providing limited new information on near-term earnings. High-Efficiency Stocks
• Negative Sentiment: Weaker-than-expected U.S. industrial production in July raised concerns about cooling demand for industrial equipment. Investors are now testing whether Caterpillar’s record backlog can withstand a broader slowdown. Weaker U.S. Industrial Output Data
• Negative Sentiment: The broader unwind in AI and semiconductor stocks weighed on Caterpillar and other Dow heavyweights, as investors viewed the company as having indirect exposure to the potentially faltering AI infrastructure trade. The Stealth AI Stocks Are Dragging Down the Dow

Caterpillar Company Profile

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.