Caterpillar Inc. (NYSE:CAT - Free Report) - Analysts at Zacks Research raised their Q2 2026 earnings estimates for Caterpillar in a research report issued to clients and investors on Friday, September 19th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $5.26 for the quarter, up from their prior forecast of $5.23. The consensus estimate for Caterpillar's current full-year earnings is $19.86 per share. Zacks Research also issued estimates for Caterpillar's Q4 2026 earnings at $5.17 EPS, FY2026 earnings at $19.48 EPS, Q1 2027 earnings at $4.66 EPS, Q2 2027 earnings at $5.66 EPS and FY2027 earnings at $21.44 EPS.
Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $16.14 billion. During the same period in the previous year, the firm earned $5.99 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis.
A number of other brokerages also recently weighed in on CAT. DA Davidson boosted their target price on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Truist Financial boosted their target price on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Bank of America boosted their target price on Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus price target of $462.87.
Read Our Latest Report on Caterpillar
Caterpillar Stock Up 1.2%
NYSE:CAT traded up $5.43 during trading hours on Monday, hitting $471.97. 3,179,376 shares of the company traded hands, compared to its average volume of 2,433,813. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The company has a market cap of $221.11 billion, a PE ratio of 24.20, a PEG ratio of 2.84 and a beta of 1.41. The firm's 50-day simple moving average is $426.53 and its 200-day simple moving average is $370.38. Caterpillar has a one year low of $267.30 and a one year high of $473.24.
Insiders Place Their Bets
In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on 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 sale, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,653 shares of company stock worth $8,943,642 in the last three months. 0.33% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Caterpillar
A number of large investors have recently modified their holdings of CAT. Aire Advisors LLC grew its position in Caterpillar by 0.3% during the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company's stock valued at $3,510,000 after acquiring an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in shares of Caterpillar by 0.5% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company's stock valued at $1,923,000 after purchasing an additional 25 shares during the last quarter. Redwood Wealth Management Group LLC grew its holdings in shares of Caterpillar by 0.9% during the 2nd quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company's stock valued at $1,036,000 after purchasing an additional 25 shares during the last quarter. Tsfg LLC grew its holdings in shares of Caterpillar by 9.8% during the 2nd quarter. Tsfg LLC now owns 279 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 25 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. grew its holdings in shares of Caterpillar by 2.1% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 1,193 shares of the industrial products company's stock valued at $463,000 after purchasing an additional 25 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.
About Caterpillar
(
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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.
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