Key statistics
Previous close$877.17
Open$841.73
Day high$893.16
Day low$838.33
52-week high$1,073.46
52-week low$405.46
Market cap405.49B
Volume3.34M
Average volume3.06M
P/E ratio43.21
Forward P/E26.70
EPS20.37
Dividend yield+0.69%
Market context
Why it moved
Caterpillar's stock edged higher, supported by multiple institutional investors boosting their stakes in the company and an increased quarterly dividend of $1.63 per share, alongside analyst price target upgrades including Oppenheimer raising its target to $1,105 with an "outperform" rating.
What is happening
Recent company-specific developments and publisher coverage.
July 18, 2026Caterpillar closed modestly higher, edging up after two consecutive sessions of sharp declines (-4.01% on July 15 and -3.48% on July 16) that dragged shares into a technical bear market, down roughly 20% from their June 30 peak. The partial rebound came as investors reassessed the stock's fundamentals against the selloff — underpinned by record Q1 2026 results showing 22% revenue growth to $17.4B and a record $63B backlog — while JPMorgan and Wells Fargo recently raised their price targets. A Seeking Alpha analysis noted valuation concerns persist, and the broader industrials sector (XLI) also closed lower amid ongoing AI-driven market volatility and U.S.-Iran tensions weighing on sentiment.0.3545
July 17, 2026Caterpillar shares fell sharply, underperforming the broader industrials sector (XLI -1.63%) as investors rotated out of cyclical names amid disappointing global manufacturing PMI data and mounting concerns over cooling construction demand, rising input costs, and margin compression. The selloff came despite a strong fundamental backdrop — Q1 2026 revenue surged 22% YoY to $17.42B with a record $63B backlog — as institutional investors trimmed exposure ahead of earnings season, and analysts flagged a maturing mining equipment replacement cycle. JPMorgan and Wells Fargo maintain elevated price targets of $1,165 and $1,155, respectively, citing Caterpillar's near-tripling of large engine capacity tied to surging data center power demand.-4.061
July 16, 2026Caterpillar shares declined roughly 2% on Tuesday, underperforming the broader S&P 500 which closed modestly higher, as industrial stocks faced headwinds from a broader rotation out of cyclicals despite a favorable CPI print. The pullback comes even as Wall Street sentiment on Caterpillar remains constructive: JPMorgan and Wells Fargo recently raised their price targets following a blowout Q1 2026 in which CAT posted 22% revenue growth, 30% adjusted EPS growth, and a record $63 billion backlog—up 79% year over year. UBS noted construction machinery demand continues to outpace agriculture, and analysts point to data center power generation, infrastructure mega-projects, and physical AI buildout as key long-term demand drivers, with consensus pricing in nearly 30% earnings growth for full-year 2026.-2.04
July 15, 2026Caterpillar shares closed modestly higher, holding near record territory as Citigroup raised its price target from $1,100 to a Buy-rated outlook, reinforcing bullish sentiment around the stock. Separately, a UBS preview noted construction machinery demand is accelerating while agriculture remains weak — a favorable dynamic for CAT's Construction Industries segment, which surged 38% year-over-year in Q1 2026. The broader industrials sector got a lift from a cooler-than-expected June CPI print, while CAT's six-month gain of nearly 50% continues to outpace its industry peers.0.2008
July 14, 2026Caterpillar shares fell amid a broad market selloff driven by renewed U.S.-Iran military hostilities that sent oil prices surging and rattled investor sentiment across industrials. Despite the macro headwinds, Wall Street remained constructive on CAT's fundamentals — Citigroup raised its price target to $1,100 (maintaining Buy) and Oppenheimer lifted its target to $1,105 (Outperform), while UBS noted construction machinery demand is outpacing agriculture in its machinery sector preview ahead of earnings season.-2.1986
July 11, 2026Caterpillar shares rebounded strongly, gaining about 1.5% to close near $952, recovering much of the ground lost earlier in the week when the stock dropped ~5% following its acquisition of Skycatch, an AI-powered spatial data analytics firm for the mining industry. The Skycatch deal—coming on the heels of the RPMGlobal acquisition—initially spooked investors despite reinforcing CAT's push into data-driven mining tech. Adding further pressure mid-week was a Siemens Energy downgrade that triggered a broader sell-off in power generation equipment stocks, including CAT and GE Vernova. Thursday's recovery came as geopolitical jitters from escalating U.S.-Iran strikes in the Gulf eased slightly, and broader market sentiment improved with the S&P 500 rising 0.42%, aided by AI-driven momentum. Investors are now focused on CAT's August 4 Q2 earnings report, where Power & Energy segment margins and its record $63 billion backlog—up 79% year-over-year—will be closely scrutinized.1.494
July 10, 2026Caterpillar shares closed modestly lower, pulling back from a session high of $983 after initially surging on news of its Skycatch acquisition before giving back gains amid a broader market sell-off driven by escalating U.S.-Iran tensions. The company's acquisition of Skycatch — an AI-powered spatial data and mining analytics firm — is viewed as a strategic extension of its RPMGlobal purchase, deepening its data-driven mining technology portfolio, though the market reaction has been mixed. Adding pressure, a Wall Street downgrade of Siemens Energy sparked sector-wide weakness in industrial equipment names, while surging oil prices and renewed geopolitical uncertainty weighed on equities broadly; analysts maintain a Moderate Buy consensus on CAT with a price target of ~$949.-1.0221
July 9, 2026Caterpillar edged higher, recovering from a steep sell-off the prior session when shares plunged nearly 5% alongside a broad machinery sector rout driven by an AI infrastructure momentum unwind and Middle East geopolitical flare-ups. The bounce came as investors weighed the company's acquisition of Skycatch — an AI-powered spatial data and analytics firm for mining — which initially rattled markets despite strategically extending Caterpillar's data-driven mining portfolio following its recent RPMGlobal deal. Adding support, Bernstein raised its price target on CAT to $1,002 from $879, reflecting growing confidence in the company's positioning ahead of Q2 earnings on August 4, where the Power & Energy segment margin will be closely watched.0.8467
Investor's Business Daily · June 11, 2026CAT Stock Hikes Dividend 8%, Leads Dow Jones Rebound↗Caterpillar investor · May 12, 2026Caterpillar Inc. Releases 2025 Annual and Sustainability Reports↗Investor's Business Daily · April 30, 2026CAT Stock Powers Dow Jones On Fastest Growth Since '21↗PR Newswire · October 21, 2025Caterpillar Invests in U.S. Manufacturing and Future Workforce Skills Training↗ Benzinga · July 14, 2026Citigroup Maintains Buy on Caterpillar, Raises Price Target to $1100Benzinga · July 13, 2026Oppenheimer Maintains Outperform on Caterpillar, Raises Price Target to $1105Mt Newswire · July 13, 2026Citigroup Adjusts Price Target on Caterpillar to $1,100 From $1,020, Maintains Buy RatingBenzinga · July 9, 2026Why Is Caterpillar Stock Gaining Thursday?Benzinga · July 9, 2026CORRECTION: Caterpillar Acquires SkyCatch; Financial Terms Not DisclosedMt Newswire · July 8, 2026Bernstein Adjusts Price Target on Caterpillar to $1,002 From $879Benzinga · July 7, 2026Jim Cramer’s Take: GEV, CAT, INTC Still Have Room — But Today Is A PunisherMt Newswire · July 7, 2026Caterpillar Acquires Mining Technology Firm Skycatch for Undisclosed Sum
