Erste Group Bank Lifts Earnings Estimates for Caterpillar

Caterpillar Inc. (NYSE:CAT) – Stock analysts at Erste Group Bank upped their FY2026 EPS estimates for Caterpillar in a research note issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the industrial products company will post earnings of $24.78 per share for the year, up from their prior estimate of $24.56. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Caterpillar’s current full-year earnings is $26.30 per share. Erste Group Bank also issued estimates for Caterpillar’s FY2027 earnings at $31.18 EPS.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the business earned $4.72 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Several other research firms also recently commented on CAT. Argus increased their target price on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Oppenheimer restated an “outperform” rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Citigroup upped their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Finally, UBS Group lifted their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $995.52.

Caterpillar Trading Down 0.7%

NYSE CAT opened at $836.29 on Tuesday. The company has a market cap of $384.42 billion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 1.52 and a beta of 1.60. Caterpillar has a twelve month low of $405.46 and a twelve month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The business’s fifty day moving average is $920.45 and its 200 day moving average is $821.82.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CAT. Trillium Asset Management LLC purchased a new stake in shares of Caterpillar in the second quarter valued at about $2,592,000. Clay Northam Wealth Management LLC purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $725,000. Jupiter Wealth Management LLC bought a new stake in Caterpillar during the second quarter worth $860,000. Vise Technologies Inc. purchased a new position in Caterpillar in the second quarter worth $47,108,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $3,838,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, CAO William E. Schaupp sold 360 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total value of $326,160.00. Following the completion of the sale, the chief accounting officer directly owned 530 shares of the company’s stock, valued at $480,180. The trade was a 40.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the transaction, the insider directly owned 49,825 shares in the company, valued at $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. In the last ninety days, insiders have sold 19,161 shares of company stock valued at $17,407,424. Insiders own 0.33% of the company’s stock.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s payout ratio is presently 28.06%.

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.