Bank of America Raises Caterpillar (NYSE:CAT) Price Target to $825.00

Caterpillar (NYSE:CAT) had its price target boosted by Bank of America from $735.00 to $825.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s target price indicates a potential upside of 6.59% from the company’s previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $740.00 to $765.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Evercore upped their price target on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Truist Financial lifted their price objective on Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Oppenheimer upped their target price on Caterpillar from $700.00 to $729.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on Caterpillar from $702.00 to $756.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.95.

Caterpillar Stock Performance

NYSE:CAT opened at $774.01 on Tuesday. The business’s fifty day moving average is $627.47 and its 200 day moving average is $536.53. The firm has a market cap of $362.22 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.76 and a beta of 1.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. Caterpillar has a 52-week low of $267.30 and a 52-week high of $775.54.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned $5.14 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Research analysts predict that Caterpillar will post 19.86 EPS for the current year.

Insider Buying and Selling at Caterpillar

In other news, insider Denise C. Johnson sold 39,138 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the completion of the sale, the insider owned 43,350 shares of the company’s stock, valued at approximately $29,524,818. This represents a 47.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 10,671 shares of Caterpillar stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the transaction, the insider owned 41,151 shares in the company, valued at approximately $28,001,197.95. The trade was a 20.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 130,545 shares of company stock valued at $88,294,733. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CAT. Vanguard Group Inc. raised its holdings in shares of Caterpillar by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock valued at $26,572,681,000 after purchasing an additional 442,164 shares during the last quarter. Geode Capital Management LLC grew its position in Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock worth $6,072,572,000 after purchasing an additional 94,524 shares during the period. Fisher Asset Management LLC raised its stake in Caterpillar by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock valued at $5,438,408,000 after buying an additional 54,069 shares during the last quarter. Norges Bank bought a new position in shares of Caterpillar during the 2nd quarter valued at $2,165,899,000. Finally, Wellington Management Group LLP boosted its stake in shares of Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Argus raised its price target on CAT to $820 and reiterated a buy rating, signaling stronger earnings/valuation expectations that support further upside. Read More.
• Positive Sentiment: Bank of America increased its price target to $825 and kept a buy rating — another major house lifting its fair value estimate, which helps drive demand from institutional investors. Read More.
• Positive Sentiment: Multiple feature pieces position Caterpillar as an unexpected beneficiary of the AI and data-center boom (and as a leader in digitizing construction), reinforcing a long-term growth narrative beyond traditional equipment sales. Read More.
• Positive Sentiment: Deep-dive coverage on Caterpillar’s AI-driven construction platforms and services underscores higher-margin recurring revenue opportunities and product differentiation. Read More.
• Positive Sentiment: Recent results and reporting show revenue strength (2025 Q4 revenue +18%), supporting the bullish analyst revisions and valuation expansion. Read More.
• Neutral Sentiment: Caterpillar’s CFO Andrew Bonfield will participate in a Barclays fireside chat next week — an investor-relations event that could provide incremental guidance color but is not a major catalyst by itself. Read More.
• Neutral Sentiment: Coverage highlighting India’s infrastructure boom lists CAT among firms well-positioned to benefit from global infrastructure spending — supportive longer-term tailwind but execution dependent. Read More.
• Neutral Sentiment: Smaller institutional moves: Allegheny Financial Group modestly increased its stake; large funds continue to hold meaningful positions — signals of steady institutional interest but not a near-term price driver. Read More.
• Negative Sentiment: Insider selling was reported (notably Anthony Fassino and other filings showing sales), which can be read as diversification or tax-related but may create short-term perception pressure. Read More. / Read More.

Caterpillar Company Profile

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.