Truist Financial Increases Caterpillar (NYSE:CAT) Price Target to $1,218.00

Caterpillar (NYSE:CAT) had its target price raised by investment analysts at Truist Financial from $1,043.00 to $1,218.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 22.63% from the company’s current price.

Several other brokerages have also recently commented on CAT. Evercore reiterated an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Bank of America lifted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research report on Friday, May 1st. UBS Group restated a “neutral” rating and issued a $900.00 price target on shares of Caterpillar in a report on Tuesday, June 2nd. Oppenheimer set a $980.00 target price on Caterpillar and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein raised their price target on Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $949.41.

Caterpillar Stock Down 6.7%

CAT opened at $993.24 on Thursday. 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 has a 12 month low of $388.09 and a 12 month high of $1,073.46. The stock has a market capitalization of $457.48 billion, a P/E ratio of 49.44, a P/E/G ratio of 2.10 and a beta of 1.57. The business has a 50 day simple moving average of $911.90 and a 200-day simple moving average of $765.06.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.41 billion during 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%.Caterpillar’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.25 earnings per share. On average, equities analysts anticipate that Caterpillar will post 24.66 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the sale, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 24,222 shares of the business’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 transaction of $22,354,968.24. Following the completion of the transaction, the insider directly owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,773 shares of company stock worth $87,642,635 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of Caterpillar

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares during the last quarter. Diamant Asset Management Inc. boosted its stake in Caterpillar by 68,427.2% in the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after buying an additional 3,136,020 shares during the last quarter. Capital International Investors purchased a new stake in Caterpillar in the 4th quarter valued at about $1,225,317,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Caterpillar by 573.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company’s stock valued at $861,947,000 after acquiring an additional 1,281,087 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Caterpillar by 16.0% during the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock worth $3,860,457,000 after acquiring an additional 928,974 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts at Zacks Research and Erste Group both raised earnings estimates for Caterpillar, reinforcing expectations for solid profitability and keeping the stock’s long-term outlook constructive.
• Positive Sentiment: Caterpillar has been supported by strong Q1 growth, record backlog, upbeat 2026 guidance, and Russell Top 50 Index inclusion, which helped drive the shares to a 52-week high recently.
• Neutral Sentiment: Several market-commentary pieces highlighted Caterpillar as a beneficiary of the broader AI infrastructure theme, which has helped fuel investor enthusiasm but also contributed to a richer valuation.
• Negative Sentiment: Michael Burry’s decision to short Caterpillar for the first time has raised concerns that the stock’s valuation may be stretched after its sharp run-up, and that sentiment shift is weighing on the shares. Michael Burry says he’s shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026

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.