Caterpillar (CAT)
Builds heavy equipment and power systems, backed by dealers, services and financing.
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Builds construction and mining machinery, off-highway engines, turbines, generator sets and rail equipment, supported by parts, services and Cat Financial. Sales flow mainly through independent dealers, and demand follows investment cycles in construction, mining and energy.
Builds construction and mining machinery, off-highway engines, generator sets, industrial gas turbines and rail equipment for customers worldwide. Construction Industries covers excavators, dozers, loaders, graders and paving equipment. Resource Industries combines surface and underground mining systems, autonomous fleet technology and rail products, while Power & Energy supplies engines, turbines and integrated power systems for power generation, oil and gas, industrial and marine uses.
Pairs equipment sales with parts, maintenance, remanufacturing, connected fleet tools, and customer and dealer financing and insurance through Financial Products. A largely independent dealer network provides local sales and service, though turbines and locomotives are often sold directly. Demand remains cyclical and tied to construction investment, mine spending, commodity markets and energy infrastructure.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Needham | Target | Target: — | Target: $980 |
| Aug 6, 2026 | D.A. Davidson | Target | Target: $845 | Target: $882 |
| Aug 6, 2026 | Barclays | Target | Target: $800 | Target: $900 |
| Aug 5, 2026 | Truist Financial | Target | Target: $1,225 | Target: $980 |
| Aug 5, 2026 | Bernstein | Reiterate | Rating: —Target: $769 | Target: $1,002 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.71B · Total debt $45.15B · Total assets $102.61B · Shareholders' equity $19.40B
- Revenue
- $20.54B
- Operating income
- $4.30B
- Net income
- $3.59B
HistoryDividendAnnual yield
| Institutions | 72.65% | 333.96M shares | |
|---|---|---|---|
| 4,194 holders · as of Jun 30, 2026 | |||
| Insiders | 0.19% | 851.7K shares | |
| 23 holders · as of Sep 1, 2026 | |||
| Other | 27.16% | 124.86M shares | |
| remainder | |||
459.67M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.26% | 37.99M | as of Jun 30, 2026 |
State Street CorpInstitution | 7.48% | 34.39M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.54% | 30.08M | as of Jun 30, 2026 |
State Farm Mutual Automobile Insurance CoInstitution | 3.16% | 14.51M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 2.62% | 12.03M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Joseph E. Creed | officer: Chief Executive Officer | −32,401 | $808.98 |
| May 14, 2026 | Denise C. Johnson | officer: Group President | −12,605 | $907.91 |
| May 13, 2026 | William E. Schaupp | officer: Chief Accounting Officer | −360 | $906.00 |
| May 13, 2026 | Denise C. Johnson | officer: Group President | −6,196 | $909.79 |
| May 11, 2026 | Anthony D. Fassino | officer: Group President | −16,283 | $916.80 |
- Deere & Company
Construction & forestry and surface-mining machinery rival.
- Cummins
Principal global rival in off-highway diesel and gas engines.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Caterpillar | $807.86 | −1.06% | $376.11B | 35.1 | 28.1 | 5.0 | +24.0% |
| Deere & Company | $690.05 | +0.78% | $184.83B | 38.0 | 32.9 | 3.9 | +7.0% |
| Cummins | $527.93 | −1.28% | $73.79B | 27.3 | 15.9 | 2.1 | +9.4% |
| Median | 32.7 | 24.4 | 3.0 | +8.2% |