Research Analysts’ Recent Ratings Changes for Caterpillar (CAT)

A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

• 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.
• 6/23/2026 – Caterpillar had its price target raised by Wells Fargo & Company from $1,050.00 to $1,155.00. They now have an “overweight” rating on the stock.
• 6/17/2026 – Caterpillar had its price target raised by JPMorgan Chase & Co. from $1,125.00 to $1,165.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Caterpillar was upgraded by Zacks Research from “hold” to “strong-buy”.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s payout ratio is presently 28.06%.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 16,283 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William E. Schaupp sold 360 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total transaction of $326,160.00. Following the completion of the sale, the chief accounting officer directly owned 530 shares of the company’s stock, valued at approximately $480,180. This represents a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,444 shares of company stock worth $32,335,679. Corporate 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.