Citigroup Issues Positive Forecast for Caterpillar (NYSE:CAT) Stock Price

Posted by Defense World Staff on Feb 3rd, 2026

Caterpillar (NYSE:CAT – Free Report) had its price target boosted by Citigroup from $710.00 to $760.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on the stock. Truist Financial upped their target price on shares of Caterpillar from $729.00 to $786.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group restated a “neutral” rating and issued a $677.00 price objective on shares of Caterpillar in a report on Monday. Robert W. Baird set a $805.00 target price on Caterpillar in a research note on Friday. Bank of America lifted their target price on Caterpillar from $708.00 to $735.00 and gave the stock a “buy” rating in a report on Friday. Finally, Evercore ISI upped their price target on Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $678.29.

View Our Latest Stock Analysis on Caterpillar

Caterpillar Trading Up 5.1%

NYSE CAT opened at $690.71 on Monday. Caterpillar has a 12 month low of $267.30 and a 12 month high of $691.38. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average price is $606.93 and its 200-day moving average price is $522.53. The stock has a market cap of $323.24 billion, a P/E ratio of 36.70, a P/E/G ratio of 2.53 and a beta of 1.58.

Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned $5.14 EPS. Caterpillar’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts forecast that Caterpillar will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is 32.09%.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 10,707 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the completion of the sale, the insider directly owned 8,649 shares in the company, valued at $4,874,576.40. The trade was a 55.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Maclennan acquired 300 shares of the stock in a transaction dated Thursday, November 6th. The stock was acquired at an average price of $568.86 per share, for a total transaction of $170,658.00. Following the purchase, the director directly owned 7,947 shares in the company, valued at approximately $4,520,730.42. This trade represents a 3.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 54,729 shares of company stock valued at $31,084,308 over the last ninety days. 0.33% of the stock is owned by insiders.

Institutional Trading of Caterpillar

Several large investors have recently added to or reduced their stakes in the business. Kilter Group LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $27,000. Torren Management LLC bought a new position in Caterpillar in the 4th quarter worth $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in Caterpillar during the second quarter valued at $28,000. Marquette Asset Management LLC grew its holdings in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 53 shares during the period. Finally, IFS Advisors LLC purchased a new stake in Caterpillar in the fourth quarter worth about $31,000. 70.98% of the stock is currently owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Earnings beat and commentary point to stronger demand from data centers, reinforcing revenue/earnings upside and durability of higher‑margin power systems sales. Caterpillar Inc. (CAT) Earnings Beat Backed Up by Data Center Power Demand
Positive Sentiment: Deal to supply power solutions for Monarch AI campus highlights a new, durable revenue stream from hyperscale/AI data centers — a market with long equipment lifecycles and recurring service. Caterpillar Taps AI Data Center Power Demand With Monarch Campus Deal
Positive Sentiment: Analyst bullishness: Truist raised its price target substantially and kept a buy rating, signaling institutional confidence in growth and margins. The Fly: Truist price target raise
Positive Sentiment: Citigroup also raised its price target and maintains a buy rating, adding to momentum from multiple firms upgrading valuation expectations. Benzinga: Citigroup raises Caterpillar price target
Positive Sentiment: Additional price‑target lift from other outlets (e.g., American Banking News) underscores broader analyst re‑rating following the quarter and data‑center commentary. Caterpillar (NYSE:CAT) Price Target Raised to $735.00
Positive Sentiment: Product refresh: launch of the 308CR mini excavator supports ongoing share and rental market activity in compact equipment. Product news helps aftermarket/service revenue over time. Cat debuts new 308CR mini excavator
Neutral Sentiment: Inclusion in industry coverage pieces (railroad equipment & leasing lists) is background positive for sector positioning but is unlikely to move the stock materially on its own. Top 5 Railroad Equipment & Railcar Leasing Stocks
Negative Sentiment: DA Davidson raised its target but kept a neutral rating and its target implies downside versus the current price — a reminder that not all analysts are projecting further near‑term upside. DA Davidson price target note

About Caterpillar

(Get Free Report)

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.