Research Analysts’ Recent Ratings Changes for Caterpillar (CAT)

Caterpillar (NYSE: CAT) recently received a number of ratings updates from brokerages and research firms:

• 8/19/2026 – Caterpillar was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 8/12/2026 – Caterpillar was upgraded by Zacks Research from “hold” to “strong-buy”.
• 8/6/2026 – Caterpillar had its price target raised by DA Davidson from $845.00 to $882.00. They now have a “neutral” rating on the stock.
• 8/6/2026 – Caterpillar had its price target raised by Barclays PLC from $800.00 to $900.00. They now have an “equal weight” rating on the stock.
• 8/5/2026 – Caterpillar had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 8/5/2026 – Caterpillar had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $1,002.00 price target on the stock.
• 8/5/2026 – Caterpillar had its price target raised by UBS Group AG from $900.00 to $925.00. They now have a “neutral” rating on the stock.
• 8/5/2026 – Caterpillar was given a new $980.00 price target by Truist Financial Corporation.
• 8/5/2026 – Caterpillar was given a new $970.00 price target by Robert W. Baird.
• 8/5/2026 – Caterpillar had its price target raised by Royal Bank Of Canada from $877.00 to $897.00. They now have a “sector perform” rating on the stock.
• 8/5/2026 – Caterpillar had its price target raised by Truist Financial Corporation from $1,218.00 to $1,225.00. They now have a “buy” rating on the stock.
• 8/4/2026 – Caterpillar had its “outperform” rating reaffirmed by Oppenheimer Holdings, Inc.. They now have a $1,118.00 price target on the stock.
• 7/29/2026 – Caterpillar had its “neutral” rating reaffirmed by Robert W. Baird. They now have a $900.00 price target on the stock, down from $1,200.00.
• 7/29/2026 – Caterpillar was downgraded by Robert W. Baird from “outperform” to “neutral”. They now have a $900.00 price target on the stock, down from $1,200.00.
• 7/27/2026 – Caterpillar was downgraded by Erste Group Bank AG from “buy” to “hold”.
• 7/14/2026 – Caterpillar had its price target raised by Citigroup Inc. from $1,020.00 to $1,100.00. They now have a “buy” rating on the stock.
• 7/14/2026 – Caterpillar was downgraded by Zacks Research from “strong-buy” to “hold”.
• 7/13/2026 – Caterpillar had its price target raised by Oppenheimer Holdings, Inc. from $980.00 to $1,105.00. They now have an “outperform” rating on the stock.
• 7/2/2026 – Caterpillar had its price target raised by Truist Financial Corporation from $1,043.00 to $1,218.00. They now have a “buy” rating on the stock.
• 6/26/2026 – Caterpillar had its price target raised by Robert W. Baird from $1,165.00 to $1,200.00. They now have an “outperform” rating on the stock.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a dividend of $1.63 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.

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.