Caterpillar (CAT 1.60%) stock inched up 1.8% through 11:35 a.m. ET Monday after investment bank JPMorgan Chase raised its price target on the stock 3%, to $515 per share.
Jefferies analyst Stephen Volkmann raised his Caterpillar price target by $20 to $475 a share and named it a “top pick” for 2025.
Per Caterpillar's CAT SEC filing on Monday, Anthony D. Fassino, the group president of its Construction Industries segment, sold 6,279 shares at an average price of $408.59 per share (total of around $2.57 million) on Nov. 29.
Caterpillar designs, manufactures, and sells machinery globally, with a market cap near $200B and a historical annual return of nearly 15%. The Company is a Dividend Champion and Aristocrat, having increased its dividend for 31 years, with a recent 8.5% hike and a declining payout ratio. Valuation suggests CAT is trading for an approximate 15% premium to fair value and will need to pull back some before I consider adding it to my portfolio.
Caterpillar (CAT) reported earnings 30 days ago. What's next for the stock?
Zacks.com users have recently been watching Caterpillar (CAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Caterpillar's resilience against cyclical headwinds is impressive, driven by innovation, a strong balance sheet, and a commitment to shareholder value. Despite short-term revenue declines, Caterpillar's focus on AI, connected assets, and digital tools positions it for long-term growth. Strong dividend growth and aggressive buybacks enhance shareholder value, with a 31-year streak of dividend hikes and a healthy payout ratio.
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Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.
All the names in today's Big 3 show upside potential, but Aquiles Larrea notes resistance they need to break through. He and Rick Ducat break down the technical trends in Caterpillar (CAT), Rivian (RIVN) and AT&T (T).
Caterpillar and Komatsu have been highlighted in this Industry Outlook article.
The Zacks Industry Rank for the Manufacturing - Construction and Mining industry paints a dull picture. We believe that stocks like CAT and KMTUY are still worth a look.