Investment Analysts’ Recent Ratings Updates for Caterpillar (CAT)

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

• 5/14/2026 – Caterpillar had its price target raised by Rothschild & Co Redburn from $700.00 to $950.00. They now have a “neutral” rating on the stock.
• 5/11/2026 – Caterpillar had its “outperform” rating reaffirmed by Evercore Inc. They now have a $1,103.00 price target on the stock.
• 5/11/2026 – Caterpillar had its price target raised by Evercore Inc from $878.00 to $1,103.00.
• 5/8/2026 – Caterpillar had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 5/5/2026 – Caterpillar had its price target raised by HSBC Holdings plc from $850.00 to $1,100.00.
• 5/5/2026 – Caterpillar had its price target raised by Argus from $820.00 to $990.00. They now have a “buy” rating on the stock.
• 5/4/2026 – Caterpillar had its price target raised by DA Davidson from $650.00 to $845.00. They now have a “neutral” rating on the stock.
• 5/2/2026 – Caterpillar was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/1/2026 – Caterpillar was given a new $1,043.00 price target by Truist Financial Corporation.
• 5/1/2026 – Caterpillar was given a new $980.00 price target by Oppenheimer Holdings, Inc.. They now have an “outperform” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Barclays PLC from $700.00 to $800.00. They now have an “equal weight” rating on the stock.
• 5/1/2026 – Caterpillar was given a new $915.00 price target by Morgan Stanley. They now have an “equal weight” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Bank of America Corporation from $930.00 to $989.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by JPMorgan Chase & Co. from $860.00 to $1,125.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Jefferies Financial Group Inc. from $900.00 to $1,045.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Daiwa Securities Group Inc. from $790.00 to $900.00. They now have a “neutral” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Sanford C. Bernstein from $769.00 to $879.00. They now have a “market perform” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Wells Fargo & Company from $960.00 to $1,050.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Robert W. Baird from $940.00 to $1,165.00. They now have an “outperform” rating on the stock.
• 5/1/2026 – Caterpillar had its price target raised by Citigroup Inc. from $905.00 to $1,020.00. They now have a “buy” rating on the stock.
• 4/22/2026 – Caterpillar had its price target raised by Robert W. Baird from $805.00 to $940.00. They now have an “outperform” rating on the stock.
• 4/21/2026 – Caterpillar had its price target raised by Wells Fargo & Company from $870.00 to $960.00. They now have an “overweight” rating on the stock.
• 4/20/2026 – Caterpillar had its price target raised by Truist Financial Corporation from $786.00 to $920.00. They now have a “buy” rating on the stock.
• 4/15/2026 – Caterpillar had its price target raised by Morgan Stanley from $425.00 to $430.00. They now have an “underweight” rating on the stock.
• 4/15/2026 – Caterpillar had its price target raised by Jefferies Financial Group Inc. from $825.00 to $900.00. They now have a “buy” rating on the stock.
• 4/14/2026 – Caterpillar had its price target raised by Oppenheimer Holdings, Inc. from $817.00 to $832.00. They now have an “outperform” rating on the stock.
• 4/13/2026 – Caterpillar had its price target raised by Citigroup Inc. from $785.00 to $905.00. They now have a “buy” rating on the stock.
• 4/9/2026 – Caterpillar had its price target raised by Sanford C. Bernstein from $678.00 to $769.00. They now have a “market perform” rating on the stock.
• 3/31/2026 – Caterpillar had its price target raised by Wolfe Research from $670.00 to $750.00. They now have an “outperform” rating on the stock.
• 3/31/2026 – Caterpillar had its price target raised by Barclays PLC from $625.00 to $700.00. They now have an “equal weight” rating on the stock.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be given a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is currently 30.06%.

Insider Buying and Selling at Caterpillar

In related news, insider Denise C. Johnson sold 6,196 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $909.79, for a total transaction of $5,637,058.84. Following the sale, the insider owned 49,825 shares in the company, valued at approximately $45,330,286.75. This trade represents a 11.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the sale, the chief financial officer owned 52,935 shares in the company, valued at $48,631,913.85. This represents a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 98,573 shares of company stock worth $87,946,086 in the last three months. Company insiders own 0.33% of the company’s stock.

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.