Recent Investment Analysts’ Ratings Changes for Caterpillar (CAT)

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

• 1/23/2026 – Caterpillar had its price target raised by analysts at Wells Fargo & Company from $675.00 to $702.00. They now have an “overweight” rating on the stock.
• 1/23/2026 – Caterpillar had its price target raised by analysts at Morgan Stanley from $395.00 to $400.00. They now have an “underweight” rating on the stock.
• 1/23/2026 – Caterpillar had its price target raised by analysts at Barclays PLC from $555.00 to $610.00. They now have an “equal weight” rating on the stock.
• 1/21/2026 – Caterpillar had its price target raised by analysts at Rothschild & Co Redburn from $420.00 to $650.00. They now have a “neutral” rating on the stock.
• 1/20/2026 – Caterpillar had its price target raised by analysts at Oppenheimer Holdings, Inc. from $645.00 to $700.00. They now have an “outperform” rating on the stock.
• 1/14/2026 – Caterpillar had its price target raised by analysts at Bank of America Corporation from $650.00 to $708.00. They now have a “buy” rating on the stock.
• 1/14/2026 – Caterpillar had its price target raised by analysts at JPMorgan Chase & Co. from $730.00 to $740.00. They now have an “overweight” rating on the stock.
• 1/13/2026 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $690.00 to $710.00. They now have a “buy” rating on the stock.
• 1/7/2026 – Caterpillar had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
• 1/2/2026 – Caterpillar had its price target raised by analysts at Wolfe Research from $470.00 to $670.00. They now have an “outperform” rating on the stock.
• 12/29/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/19/2025 – Caterpillar had its price target raised by analysts at Sanford C. Bernstein from $557.00 to $630.00. They now have a “market perform” rating on the stock.
• 12/16/2025 – Caterpillar was upgraded by analysts at Citigroup Inc. from a “buy” rating to a “mixed” rating.
• 12/15/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/10/2025 – Caterpillar had its price target raised by analysts at Morgan Stanley from $380.00 to $395.00. They now have an “underweight” rating on the stock.
• 12/10/2025 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $670.00 to $690.00. They now have a “buy” rating on the stock.
• 12/8/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 12/1/2025 – Caterpillar had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s payout ratio is 31.01%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the completion of the transaction, the chief financial officer directly owned 45,460 shares of the company’s stock, valued at $26,142,227.60. The trade was a 18.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 10,707 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the sale, the insider owned 8,649 shares in the company, valued at approximately $4,874,576.40. This represents a 55.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 54,729 shares of company stock valued at $31,084,308. 0.33% of the stock is owned by insiders.

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.