Caterpillar (CAT) – Investment Analysts’ Recent Ratings Changes

Caterpillar (NYSE: CAT) has recently received a number of price target changes and ratings updates:

• 2/11/2026 – Caterpillar had its price target raised by analysts at Argus from $625.00 to $820.00. They now have a “buy” rating on the stock.
• 2/10/2026 – Caterpillar had its price target raised by analysts at Bank of America Corporation from $735.00 to $825.00. They now have a “buy” rating on the stock.
• 2/7/2026 – Caterpillar was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 2/6/2026 – Caterpillar is now covered by analysts at CICC Research. They set an “outperform” rating on the stock.
• 2/5/2026 – Caterpillar had its price target raised by analysts at HSBC Holdings plc from $660.00 to $850.00. They now have a “buy” rating on the stock.
• 2/4/2026 – Caterpillar had its price target raised by analysts at Rothschild & Co Redburn from $650.00 to $700.00. They now have a “neutral” rating on the stock.
• 2/3/2026 – Caterpillar had its price target raised by analysts at Morgan Stanley from $400.00 to $425.00. They now have an “underweight” rating on the stock.
• 2/2/2026 – Caterpillar had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $677.00 price target on the stock.
• 2/2/2026 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $710.00 to $760.00. They now have a “buy” rating on the stock.
• 2/2/2026 – Caterpillar had its price target raised by analysts at DA Davidson from $569.00 to $650.00. They now have a “neutral” rating on the stock.
• 2/2/2026 – Caterpillar had its price target raised by analysts at Truist Financial Corporation from $729.00 to $786.00. They now have a “buy” rating on the stock.
• 1/30/2026 – Caterpillar had its price target raised by analysts at Oppenheimer Holdings, Inc. from $700.00 to $729.00. They now have an “outperform” rating on the stock.
• 1/30/2026 – Caterpillar was given a new $805.00 price target on by analysts at Robert W. Baird.
• 1/30/2026 – Caterpillar had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $678.00 price target on the stock.
• 1/30/2026 – Caterpillar had its price target raised by analysts at Wells Fargo & Company from $702.00 to $756.00. They now have an “overweight” rating on the stock.
• 1/30/2026 – Caterpillar was given a new $735.00 price target on by analysts at Bank of America Corporation.
• 1/30/2026 – Caterpillar had its price target raised by analysts at Barclays PLC from $610.00 to $625.00. They now have an “equal weight” rating on the stock.
• 1/30/2026 – Caterpillar had its price target raised by analysts at Royal Bank Of Canada from $587.00 to $658.00. They now have a “sector perform” rating on the stock.
• 1/30/2026 – Caterpillar had its price target raised by analysts at JPMorgan Chase & Co. from $740.00 to $765.00. They now have an “overweight” rating on the stock.
• 1/30/2026 – Caterpillar had its price target raised by analysts at Bank of America Corporation from $708.00 to $735.00. They now have a “buy” rating on the stock.
• 1/27/2026 – Caterpillar had its price target raised by analysts at Jefferies Financial Group Inc. from $700.00 to $750.00. They now have a “buy” rating on the stock.
• 1/23/2026 – Caterpillar had its price target raised by analysts at Wells Fargo & Company from $675.00 to $702.00. They now have an “overweight” rating on the stock.
• 1/23/2026 – Caterpillar had its price target raised by analysts at Morgan Stanley from $395.00 to $400.00. They now have an “underweight” rating on the stock.
• 1/23/2026 – Caterpillar had its price target raised by analysts at Barclays PLC from $555.00 to $610.00. They now have an “equal weight” rating on the stock.
• 1/21/2026 – Caterpillar had its price target raised by analysts at Rothschild & Co Redburn from $420.00 to $650.00. They now have a “neutral” rating on the stock.
• 1/20/2026 – Caterpillar had its price target raised by analysts at Oppenheimer Holdings, Inc. from $645.00 to $700.00. They now have an “outperform” rating on the stock.
• 1/14/2026 – Caterpillar had its price target raised by analysts at Bank of America Corporation from $650.00 to $708.00. They now have a “buy” rating on the stock.
• 1/14/2026 – Caterpillar had its price target raised by analysts at JPMorgan Chase & Co. from $730.00 to $740.00. They now have an “overweight” rating on the stock.
• 1/13/2026 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $690.00 to $710.00. They now have a “buy” rating on the stock.
• 1/7/2026 – Caterpillar had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
• 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.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, January 20th. Caterpillar’s dividend payout ratio is presently 32.09%.

Insider Buying and Selling

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total value of $742,802.40. Following the transaction, the chief accounting officer directly owned 824 shares in the company, valued at approximately $629,700.80. This trade represents a 54.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise C. Johnson sold 39,138 shares of Caterpillar stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the completion of the sale, the insider directly owned 43,350 shares of the company’s stock, valued at $29,524,818. This trade represents a 47.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 141,172 shares of company stock valued at $96,514,673 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.