Caterpillar (NYSE:CAT) Price Target Cut to $800.00 by Analysts at Citigroup

Caterpillar (NYSE:CAT) had its price target lowered by Citigroup from $950.00 to $800.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $1,009.00 target price on shares of Caterpillar in a research report on Thursday. Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Sanford C. Bernstein reissued a “market perform” rating and issued a $749.00 price target on shares of Caterpillar in a research note on Wednesday, October 14th. Erste Group Bank lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research report on Thursday, September 10th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $913.96.

Caterpillar Price Performance

NYSE:CAT opened at $622.73 on Friday. Caterpillar has a 52 week low of $537.08 and a 52 week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.11 and a beta of 1.58. The stock’s fifty day moving average is $783.25 and its two-hundred day moving average is $807.52.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The business had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.95 EPS. Equities analysts expect that Caterpillar will post 27.74 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.0%. Caterpillar’s dividend payout ratio is 28.06%.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Caterpillar

Large investors have recently added to or reduced their stakes in the business. Diversify Advisory Services LLC acquired a new position in shares of Caterpillar during the second quarter worth about $5,372,000. D.B. Root & Company LLC purchased a new stake in shares of Caterpillar during the second quarter worth approximately $850,000. Dearborn Partners LLC acquired a new stake in Caterpillar in the second quarter valued at approximately $20,293,000. B. Metzler seel. Sohn & Co. AG lifted its stake in Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its stake in Caterpillar by 85.3% in the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock worth $2,991,000 after acquiring an additional 1,293 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.