Analysts’ Recent Ratings Updates for Caterpillar (CAT)

A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

• 1/2/2026 – Caterpillar had its price target raised by analysts at Wolfe Research from $470.00 to $670.00. They now have an “outperform” rating on the stock.
• 12/29/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/19/2025 – Caterpillar had its price target raised by analysts at Sanford C. Bernstein from $557.00 to $630.00. They now have a “market perform” rating on the stock.
• 12/16/2025 – Caterpillar was upgraded by analysts at Citigroup Inc. from a “buy” rating to a “mixed” rating.
• 12/15/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/10/2025 – Caterpillar had its price target raised by analysts at Morgan Stanley from $380.00 to $395.00. They now have an “underweight” rating on the stock.
• 12/10/2025 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $670.00 to $690.00. They now have a “buy” rating on the stock.
• 12/8/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/1/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 11/24/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 11/19/2025 – Caterpillar had its price target raised by analysts at Argus from $460.00 to $625.00. They now have a “buy” rating on the stock.
• 11/17/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 11/17/2025 – Caterpillar had its price target raised by analysts at Evercore ISI from $476.00 to $630.00. They now have an “outperform” rating on the stock.
• 11/13/2025 – Caterpillar is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $675.00 price target on the stock.
• 11/13/2025 – Caterpillar is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $675.00 price target on the stock.
• 11/11/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 11/6/2025 – Caterpillar was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, the insider owned 41,512 shares in the company, valued at $23,669,312.16. This trade represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the sale, the insider owned 80,209 shares in the company, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,895 shares of company stock valued at $34,007,516 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

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.