Caterpillar (NYSE:CAT) Price Target Raised to $990.00

Caterpillar (NYSE:CAT) had its price target increased by Argus from $820.00 to $990.00 in a report released on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the industrial products company’s stock.

CAT has been the topic of a number of other research reports. Morgan Stanley set a $915.00 price objective on Caterpillar and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup boosted their price target on Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price target on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Caterpillar in a research note on Wednesday, January 7th. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $890.27.

Caterpillar Trading Down 3.3%

Shares of CAT opened at $896.03 on Tuesday. The stock’s 50-day moving average is $755.75 and its two-hundred day moving average is $664.91. The stock has a market cap of $412.70 billion, a PE ratio of 44.60, a P/E/G ratio of 1.88 and a beta of 1.63. Caterpillar has a 12 month low of $322.90 and a 12 month high of $931.35. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.25 earnings per share. Equities analysts forecast that Caterpillar will post 23.97 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio is presently 30.06%.

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the sale, the chief financial officer owned 52,935 shares in the company, valued at $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lange Bob De sold 24,222 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider owned 86,029 shares in the company, valued at $79,397,884.68. The trade was a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,734 shares of company stock valued at $67,054,613 over the last three months. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Caterpillar

Several institutional investors and hedge funds have recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $579,000. Brighton Jones LLC grew its holdings in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. United Bank grew its holdings in shares of 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 purchasing an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Caterpillar by 3.9% during 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 purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Caterpillar by 6.5% during the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after purchasing an additional 34,846 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue strength: Caterpillar reported better?than?expected Q1 EPS and a ~38% jump in construction equipment revenue, reinforcing demand/backlog visibility and supporting the rally. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
• Positive Sentiment: Analyst target lifts: Several firms raised targets (Argus, HSBC and others), giving investors fresh valuation support and a rationale for continued buying. Argus Raises Caterpillar Price Target HSBC Raises Caterpillar Price Target
• Positive Sentiment: New demand narrative (AI/data?center power): Media coverage is framing CAT as a beneficiary of data?center and AI infrastructure (generators, electrification), expanding perceived end markets beyond traditional cyclical construction/mining. Industrial-Strength Rally: Why Caterpillar Is Up 53%…
• Positive Sentiment: Order/lead?time signal: Supplier/peer notes (Archrock) point to extended lead times for equipment, implying sustained demand and pricing power ahead. Archrock reaffirms outlook as Caterpillar lead times near 160
• Positive Sentiment: Commercial traction & director buy: Wins for CAT autonomy and power products (e.g., Carmeuse) plus a small director purchase are additional constructive signals for diversification and insider confidence. Carmeuse selects Caterpillar’s autonomous hauling solution Director purchase SEC filing
• Neutral Sentiment: Mixed analyst stance & valuation: Some shops raised targets but kept Neutral ratings, reflecting debate about upside vs. a high multiple after the run. DA Davidson Raises Caterpillar Target
• Neutral Sentiment: Volatility/attention: Heavy media coverage and elevated options activity are amplifying intraday moves but don’t alter the company’s fundamentals. Options activity coverage
• Neutral Sentiment: Corporate PR / workforce initiative: Caterpillar opened registration for a global innovation challenge as part of a workforce pledge—positive for branding but unlikely to move near?term revenue materially. Caterpillar Opens Registration for Global Innovation Challenge
• Negative Sentiment: Significant insider selling: Multiple insiders — including CFO Andrew Bonfield and other senior officers — disclosed large sales (multi?million dollar blocks and double?digit % position trims), which can trigger profit?taking and weigh on sentiment despite strong fundamentals. CFO insider sale SEC filing Insider sale (Shurman) SEC filing

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.