Q2 EPS Estimates for Caterpillar Lowered by Zacks Research

Caterpillar Inc. (NYSE:CAT) – Equities researchers at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Caterpillar in a research note issued on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $5.16 for the quarter, down from their previous estimate 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.

A number of other equities analysts also recently commented on CAT. Oppenheimer boosted their target price on shares of Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. HSBC upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and upped their price objective for the stock from $405.00 to $660.00 in a research report on Wednesday, November 5th. Morgan Stanley raised their target price on Caterpillar from $350.00 to $380.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. UBS Group upped their price objective on shares of Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada began coverage on shares of Caterpillar in a research note on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $600.94.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $2.63 during trading on Friday, reaching $556.18. The company’s stock had a trading volume of 1,083,214 shares, compared to its average volume of 2,790,938. Caterpillar has a 12-month low of $267.30 and a 12-month high of $596.21. The company has a market capitalization of $260.28 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average price of $503.67 and a 200-day moving average price of $425.24.

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

Hedge Funds Weigh In On Caterpillar

Large investors have recently bought and sold shares of the stock. WealthShield Partners LLC lifted its position in Caterpillar by 1.6% during the third quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 18 shares during the last quarter. one8zero8 LLC increased its holdings in Caterpillar by 3.2% during the 3rd quarter. one8zero8 LLC now owns 619 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 19 shares during the period. Abacus Planning Group Inc. grew its position in shares of Caterpillar by 0.6% during the third quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock worth $1,534,000 after acquiring an additional 20 shares during the last quarter. Cyr Financial Inc. increased its holdings in shares of Caterpillar by 2.5% in the 3rd quarter. Cyr Financial Inc. now owns 811 shares of the industrial products company’s stock valued at $387,000 after purchasing an additional 20 shares in the last quarter. Finally, Perennial Investment Advisors LLC lifted its holdings in Caterpillar by 1.2% in the 3rd quarter. Perennial Investment Advisors LLC now owns 1,719 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 20 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other news, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares in the company, valued at $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,229 shares of company stock worth $43,323,118. Insiders own 0.33% of the company’s stock.

Caterpillar Dividend Announcement

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

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.