Q2 EPS Estimates for Caterpillar Decreased by Zacks Research

Caterpillar Inc. (NYSE:CAT) – Stock analysts at Zacks Research decreased their Q2 2026 EPS estimates for shares of Caterpillar in a note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now expects that the industrial products company will earn $5.16 per share for the quarter, down from their prior forecast of $5.26. The consensus estimate for Caterpillar’s current full-year earnings is $19.86 per share. Zacks Research also issued estimates for Caterpillar’s Q3 2026 earnings at $5.42 EPS and Q4 2026 earnings at $5.01 EPS.

CAT has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a report on Tuesday. Jefferies Financial Group increased their target price on Caterpillar from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley upped their price objective on Caterpillar from $350.00 to $380.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. Finally, HSBC raised shares of Caterpillar from a “hold” rating to a “buy” rating and lifted their target price for the stock from $405.00 to $660.00 in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $600.94.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $2.63 during trading hours on Friday, hitting $556.18. 1,083,214 shares of the company’s stock traded hands, compared to its average volume of 2,790,938. The stock has a market capitalization of $260.28 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.33 and a beta of 1.51. Caterpillar has a 12-month low of $267.30 and a 12-month high of $596.21. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81. The company has a fifty day simple moving average of $503.67 and a 200-day simple moving average of $425.24.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter last year, the company earned $5.17 EPS. The company’s revenue was up 9.5% on a year-over-year basis.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is presently 31.01%.

Insider Activity

In related news, insider Lange Bob De sold 14,638 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the transaction, the insider directly owned 80,209 shares of the company’s stock, valued at approximately $45,106,333.24. This represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the sale, the insider directly owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. This trade represents a 16.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 86,229 shares of company stock worth $43,323,118. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Caterpillar

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP increased its holdings in shares of Caterpillar by 180.0% during the third quarter. Two Sigma Investments LP now owns 403,727 shares of the industrial products company’s stock valued at $192,638,000 after acquiring an additional 259,526 shares in the last quarter. Vident Advisory LLC raised its stake in Caterpillar by 35.7% during the third quarter. Vident Advisory LLC now owns 41,425 shares of the industrial products company’s stock worth $19,766,000 after purchasing an additional 10,887 shares during the period. Ossiam lifted its holdings in shares of Caterpillar by 631.4% in the 3rd quarter. Ossiam now owns 47,059 shares of the industrial products company’s stock worth $22,454,000 after acquiring an additional 40,625 shares during the last quarter. Menard Financial Group LLC increased its holdings in Caterpillar by 1.4% during the 3rd quarter. Menard Financial Group LLC now owns 3,152 shares of the industrial products company’s stock worth $1,504,000 after purchasing an additional 44 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Caterpillar by 9.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 590 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

About Caterpillar

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.