Caterpillar (NYSE:CAT) Stock Gets Price Target Cut from Oppenheimer

Caterpillar (NYSE:CAT) had its target price dropped by equities research analysts at Oppenheimer from $1,118.00 to $1,009.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price points to a potential upside of 34.76% from the stock’s current price.

CAT has been the subject of a number of other reports. Royal Bank Of Canada raised their price target on Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $749.00 price objective on shares of Caterpillar in a research note on Wednesday. Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Wells Fargo & Company raised their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Citigroup lowered their target price on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating for the company in a research note on Monday. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $967.83.

Caterpillar Price Performance

NYSE:CAT traded down $24.04 on Wednesday, reaching $748.74. The stock had a trading volume of 1,584,219 shares, compared to its average volume of 2,808,077. The company has a market capitalization of $344.18 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.58. Caterpillar has a 1-year low of $510.21 and a 1-year high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock has a fifty day moving average price of $819.49 and a 200-day moving average price of $855.64.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.72 earnings per share. Research analysts forecast that Caterpillar will post 27.49 EPS for the current year.

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAT. Diversify Advisory Services LLC acquired a new position in Caterpillar during the 2nd quarter valued at about $5,372,000. D.B. Root & Company LLC bought a new position in shares of Caterpillar in the 2nd quarter valued at about $850,000. Dearborn Partners LLC bought a new position in shares of Caterpillar in the 2nd quarter valued at about $20,293,000. B. Metzler seel. Sohn & Co. AG grew its position in shares of Caterpillar by 4.3% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after buying an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC grew its position in shares of Caterpillar by 85.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock worth $2,991,000 after buying an additional 1,293 shares during the period. 70.98% of the stock is currently owned by institutional investors.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Dividend maintained: Caterpillar’s board kept its quarterly dividend at $1.63 per share, payable Nov. 19. The uninterrupted dividend history provides ongoing income support and signals confidence in cash generation. Caterpillar Inc. Maintains Dividend
• Positive Sentiment: Long-term growth initiatives: A planned $1 billion manufacturing investment in North Carolina, the proposed Fabick Cat acquisition and demand from infrastructure and data-center construction could support future revenue and operating cash flow. Caterpillar Stock May Be Undervalued
• Neutral Sentiment: Heavy investor attention: Caterpillar remains one of the most-watched stocks on Zacks, reflecting heightened interest after its significant multiyear rally and recent pullback. Caterpillar Attracting Investor Attention
• Negative Sentiment: Target and earnings-estimate cuts: Citi and Truist reportedly lowered their price targets, while Erste Group reduced its FY2027 EPS forecast to $32.14 from $32.28 and maintained a Hold rating. These actions reinforce concerns about limited near-term upside. Caterpillar Target Cuts
• Negative Sentiment: Valuation and concentration risks: CAT trades at a premium earnings multiple versus the broader market, requiring continued strong growth. Investors are increasingly concerned that the premium attached to its data-center power business may be unwinding and that reliance on a narrow project category could expose results to a slowdown. What Could Derail Caterpillar Stock

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.