Caterpillar Inc NYSE:CAT Price, Chart, News & Insight

Caterpillar Stock Falls 6.5% as Baird Downgrades Rating Despite High Price Target

Caterpillar (NYSE: CAT) shares fell 6.5% on Wednesday after Robert W. Baird downgraded the construction and mining equipment maker to **Neutral** from **Outperform**, while lowering its price target to **$900 from $1,200**.

Although the new $900 target remains above the stock's current trading price of around $786, the downgrade suggests Baird believes Caterpillar's near-term upside has become more limited after its recent performance and amid a more balanced risk-reward profile.

The revised target still implies meaningful upside, but the sharp reduction from the previous $1,200 estimate reflects a more cautious outlook for the company's earnings trajectory and valuation. Investors often react more strongly to rating downgrades than to the absolute price target, particularly for widely followed industrial companies.

The downgrade comes as Caterpillar faces uncertainty surrounding global construction activity, mining capital spending, and infrastructure demand. Investors are also monitoring the impact of slowing economic growth in some regions and the pace of equipment replacement spending by customers.

Despite Wednesday's decline, Caterpillar continues to benefit from a strong competitive position, healthy cash generation, and long-term demand supported by infrastructure investment, energy, and mining projects. However, Baird's more cautious stance indicates that much of these positives may already be reflected in the stock, leading the firm to adopt a more neutral view on future performance.

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The Investor 07-29-26

Caterpillar Drops Despite Baird Price Target Increase

Caterpillar (NYSE: CAT) shares fell 5.6% on Friday despite Robert W. Baird raising its price target on the construction and mining equipment manufacturer to *$1,200 from $1,165*, while maintaining an *Outperform* rating.

Baird's higher price target reflects continued confidence in Caterpillar's long-term earnings power, supported by resilient demand for heavy equipment, infrastructure spending, and the company's disciplined capital allocation. The reaffirmed Outperform rating indicates the firm expects Caterpillar to continue outperforming its peers over time.

Despite the bullish analyst update, Caterpillar came under broad selling pressure during Friday's session. However, the increased price target suggests Wall Street remains optimistic that the recent pullback does not alter the company's strong long-term fundamentals and growth outlook.

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The Investor 06-27-26

Caterpillar Shares Rise After JPMorgan Raises Price Target to $1,165

Caterpillar (NYSE: CAT) gained 1.3% as investors reacted to a bullish analyst update from JPMorgan. Analyst Tami Zakaria raised her price target on the construction and mining equipment giant to $1,165 from $1,125 while maintaining an Overweight rating.

The higher target reflects growing confidence in Caterpillar's ability to benefit from strong long-term demand across infrastructure, mining, energy, and industrial markets. The company remains one of the most closely watched indicators of global economic activity due to its broad exposure to construction and resource development projects worldwide.

Investor sentiment toward Caterpillar has also been supported by expectations that lower energy prices and easing geopolitical tensions could help improve the outlook for global growth. The recent U.S.-Iran agreement has reduced concerns about potential disruptions to energy markets, while declining oil prices have eased inflation pressures and improved expectations for future interest-rate cuts.

Caterpillar is particularly well-positioned to benefit from continued investment in infrastructure and natural resources. Mining customers continue to invest in equipment to support demand for critical minerals used in artificial intelligence infrastructure, electric vehicles, and renewable energy technologies. At the same time, government-backed infrastructure projects remain a significant source of demand for construction machinery.

The company has also demonstrated strong pricing discipline and operational execution in recent years, helping support margins despite fluctuations in end-market demand. Investors have increasingly focused on Caterpillar's ability to generate cash flow and return capital to shareholders through dividends and share repurchases.

JPMorgan's target increase adds to the constructive outlook surrounding industrial and capital equipment companies, which have benefited from resilient economic conditions and expectations for continued spending on infrastructure and industrial modernization.

The stock's advance suggests investors welcomed the analyst's more optimistic assessment and continue to view Caterpillar as a key beneficiary of long-term industrial investment trends and improving macroeconomic conditions.

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WS Investor 06-18-26

Caterpillar Surges 9% as AI Infrastructure Boom and Record Backlog Power Blowout Quarter

Caterpillar shares are up 9% in trading today, as a Q1 2026 earnings report that blew past expectations on every key metric underscored how the AI infrastructure buildout is becoming a powerful new growth engine for the industrial giant.

Revenue rose 22% year-over-year to $17.42 billion, well above the $16.21 billion consensus, while adjusted EPS came in at $5.54, beating the $4.64 estimate by a wide 19% margin. The beat was broad-based: construction segment revenue jumped 38% while the power and energy segment rose 22%, with power equipment benefiting directly from the AI data center infrastructure boom and higher dealer sales lifting construction. (GuruFocus, CNBC)

Sales growth was driven by higher volume of $2.3 billion and favorable price realization of $426 million. On the financing side, Cat Financial delivered solid supporting numbers, with retail new business volume up 8% to $3.19 billion and past dues falling to a historically low 1.39%. (Stock Titan)

Caterpillar raised its annual revenue forecast following the beat, with a record backlog providing management with confidence in continued momentum through the rest of 2026. The company also deployed $5.7 billion in share repurchases and dividends during the quarter alone. (GuruFocus)

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WS Investor 04-30-26

Caterpillar Inc. to Announce First-Quarter 2026 Financial Results on April 30

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Global Finance News 04-17-26

The Board of Directors of Caterpillar Inc. (NYSE: CAT) decided the quarterly dividend of $1.51 per share of common stock payable May 19, 2026, to shareholders of record at the close of business April 20, 2026.

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WS Investor 04-08-26

Caterpillar Inc. (NYSE: CAT) is showcasing expanded AI, autonomy and digital solutions at CONEXPO-CON/AGG 2026 to improve productivity, safety and labor efficiency across construction jobsites.

Key highlights include:

• Broader AI and autonomy capabilities, including the Cat® AI Assistant™ and the first autonomous Cat® CS12 soil compactor
• Enhanced VisionLink™ fleet management, integrating on- and off-highway data through collaboration with Geotab Inc.
• Launch of Cat Compact, a streamlined experience for small and growing contractors
• Refreshed Cat Rentals and upgraded service commitments offering faster parts and repair guarantees

Caterpillar is also displaying new high-horsepower C3.6 and C13D engines and strengthening connected fleet, condition monitoring and aftermarket support solutions.

The company is hosting live demonstrations and global operator and technician competitions, reinforcing its focus on technology-driven jobsite transformation and workforce development.

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European Investor 03-03-26

Caterpillar acquires RPMGlobal to expand mining technology portfolio

Caterpillar Inc. has completed the acquisition of RPMGlobal Holdings Limited, strengthening its portfolio of data-driven mining technology and software solutions.

Based in Brisbane, RPMGlobal provides mining software across the value chain, supporting planning, operations and site management through advanced analytics and domain expertise. Caterpillar first announced its agreement to acquire the company in October 2025.

Caterpillar said the deal enhances its strategy to integrate equipment, digital technologies and software to help customers improve mine site performance and operational efficiency. RPMGlobal will continue operating under its existing brand.

The acquisition supports Caterpillar’s Resource Industries segment and its broader focus on scalable, practical mining technology solutions.

Source: Caterpillar press release

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Global Finance News 02-18-26

Caterpillar reported fourth-quarter and full-year 2025 results that marked a record year for sales and revenues, supported by strong end-market demand and disciplined execution, even as margins softened compared with the prior year.

In the fourth quarter, sales and revenues rose 18% year over year to a record $19.1 billion. Profit per share was $5.12, down from $5.78 a year earlier, while adjusted profit per share edged up slightly to $5.16. Operating profit margin declined to 13.9%, reflecting lower pricing realization and cost pressures, though volumes remained strong.

For the full year, sales and revenues reached a record $67.6 billion, up 4% from 2024, driven mainly by higher equipment sales volumes. Full-year profit per share was $18.81, with adjusted profit per share of $19.06, both lower than the prior year as margins contracted. Despite this, Caterpillar generated robust enterprise operating cash flow of $11.7 billion and ended 2025 with $10.0 billion in enterprise cash.

The company returned significant capital to shareholders during the year, deploying $7.9 billion for share repurchases and dividends. Management highlighted that Caterpillar closed its centennial year with record sales and a record backlog, positioning the company with strong momentum as it enters the new year and continues to focus on long-term value creation.

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WS Investor 01-29-26

Caterpillar Inc. (NYSE: CAT) will release fourth-quarter and full-year 2025 financial results at 5:30 a.m. CST on Thursday, Jan. 29.

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WS Investor 01-17-26

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