Q2 EPS Estimates for Caterpillar Lifted by Zacks Research

Caterpillar Inc. (NYSE:CAT) – Equities researchers at Zacks Research lifted their Q2 2026 EPS estimates for shares of Caterpillar in a research note issued on Friday, September 19th. Zacks Research analyst Team now forecasts that the industrial products company will earn $5.26 per share for the quarter, up from their prior forecast of $5.23. The consensus estimate for Caterpillar’s current full-year earnings is $19.86 per share. Zacks Research also issued estimates for Caterpillar’s Q4 2026 earnings at $5.17 EPS, FY2026 earnings at $19.48 EPS, Q1 2027 earnings at $4.66 EPS, Q2 2027 earnings at $5.66 EPS and FY2027 earnings at $21.44 EPS.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.99 EPS.

Several other research firms have also weighed in on CAT. Oppenheimer reduced their price objective on shares of Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Bank of America raised their price objective on shares of Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. DA Davidson raised their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $460.20.

Caterpillar Stock Performance

NYSE:CAT opened at $466.62 on Monday. Caterpillar has a twelve month low of $267.30 and a twelve month high of $472.12. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average of $425.21 and a 200-day moving average of $369.54. The firm has a market cap of $218.60 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,653 shares of company stock valued at $8,943,642. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Caterpillar

A number of institutional investors have recently modified their holdings of CAT. Pacific Point Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC raised its position in shares of Caterpillar by 51.5% in 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 period. Voloridge Investment Management LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $7,546,000. GTS Securities LLC raised its position in shares of Caterpillar by 112.0% in the fourth quarter. GTS Securities LLC now owns 1,764 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 16,472 shares during the period. Finally, North Star Asset Management Inc. raised its position in shares of Caterpillar by 82.9% in the fourth quarter. North Star Asset Management Inc. now owns 2,261 shares of the industrial products company’s stock valued at $820,000 after purchasing an additional 1,025 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.