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

Caterpillar (NYSE:CAT) had its price objective hoisted by Citigroup from $785.00 to $905.00 in a report issued on Monday, MarketBeat Ratings reports. They currently have a buy rating on the industrial products company’s stock.

Several other brokerages have also commented on CAT. Williams Trading set a $825.00 price objective on Caterpillar in a research report on Tuesday, March 10th. Truist Financial raised their price objective on Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised their price objective on Caterpillar from $765.00 to $860.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research report on Monday, December 29th. Finally, Rothschild & Co Redburn raised their price objective on Caterpillar from $650.00 to $700.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $747.14.

Caterpillar Stock Performance

NYSE:CAT opened at $790.66 on Monday. The stock has a market cap of $367.89 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 1.86 and a beta of 1.52. The firm’s fifty day simple moving average is $728.61 and its 200 day simple moving average is $627.69. Caterpillar has a twelve month low of $282.46 and a twelve month high of $798.54. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar’s payout ratio is currently 32.09%.

Insider Transactions at Caterpillar

In other news, insider Rodney Michael Shurman sold 2,278 shares of Caterpillar stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the transaction, the insider owned 1,443 shares of the company’s stock, valued at $1,096,117.23. The trade was a 61.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 10,671 shares of Caterpillar stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $680.45, for a total value of $7,261,081.95. Following the completion of the transaction, the insider directly owned 41,151 shares of the company’s stock, valued at approximately $28,001,197.95. This represents a 20.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 125,950 shares of company stock worth $88,577,390 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Caterpillar

A number of hedge funds have recently bought and sold shares of the business. J. Derek Lewis & Associates Inc. purchased a new position in Caterpillar in the 4th quarter worth about $443,000. Purpose Unlimited Inc. purchased a new position in Caterpillar in the 4th quarter worth about $964,000. Cornerstone Planning LLC purchased a new position in Caterpillar in the 4th quarter worth about $4,517,000. Forty three Eighteen Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth about $5,335,000. Finally, Rockefeller Capital Management L.P. raised its position in Caterpillar by 22.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 346,392 shares of the industrial products company’s stock worth $198,438,000 after buying an additional 62,895 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Surging generator sales tied to AI and data-center buildouts — coverage argues Caterpillar is benefiting directly from AI-driven infrastructure demand, making CAT a de-facto AI play as orders for standby and prime power equipment accelerate. Is Caterpillar Actually An AI Stock?
• Positive Sentiment: Analyst upgrade and much higher price target — Citigroup raised its price target to $905 and kept a Buy rating, providing fresh upside justification for investors and supporting near-term buying interest. Citigroup Adjusts Price Target on Caterpillar to $905
• Positive Sentiment: Nvidia partnership and technical buy zone — follow‑on coverage highlights Caterpillar’s CES-era AI collaboration with Nvidia and frames the stock as trading in a renewed buy range as the market digests AI tailwinds. This supports both growth and sentiment narratives. Caterpillar Excavates Buy Zone Boosted By Nvidia AI Prowess
• Positive Sentiment: Strong earnings surprise history and upward estimate revisions — multiple pieces (Zacks, Yahoo) point to Caterpillar’s record of beating consensus and recent analyst upgrades to EPS forecasts, increasing the probability of another upside surprise at the next report. Will Caterpillar (CAT) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Dividend policy steady but hike anticipated — management held the dividend for now; analysts note the large backlog and cash flow strength make a raise likely in the near term, which is supportive but not an immediate catalyst. CAT Holds Dividend Steady For Now: Is a Hike Around the Corner?
• Neutral Sentiment: Smaller/administrative items — people moves and secondary press items are out but unlikely to move the stock materially versus the AI/earnings/analyst drivers above. People News: Caterpillar, GoRail

About Caterpillar

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.