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Caterpillar shares fall amid analyst downgrades

Wed, 04 Nov 2026 09:49:57 -0500

Caterpillar Inc. shares dropped 3.9% in morning trading Wednesday to $599.59, extending losses that have cut the stock's value by roughly 44% from its 52-week high of $1,073.46.

The decline follows the company's third-quarter 2026 results released on October 29. Caterpillar reported adjusted earnings per share of $7.20, which exceeded analyst expectations, but revenue of $20.68 billion showed slower growth compared to the prior quarter's 24% pace.

Management provided guidance for moderate fourth-quarter sales growth and said full-year margins are expected near the bottom of their target range. The company said tariff-related costs are tracking around $2.2 billion for the year.

Several analysts

Form 4 CATERPILLAR INC For: Nov 02 Filed by: Fish James C Jr

Tue, 03 Nov 2026 11:43:00 -0500

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Form 3 CATERPILLAR INC For: Nov 01 Filed by: York Derrick Lading

Mon, 02 Nov 2026 10:07:00 -0500

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Caterpillar (CAT) PT Lowered to $685 at DA Davidson

Mon, 02 Nov 2026 09:47:55 -0500

(Updated - November 2, 2026 9:47 AM EST)

DA Davidson analyst Michael Shlisky lowered the price target on Caterpillar (NYSE: CAT) to $685.00 (from $882.00) while maintaining a Neutral rating.

The analyst commented, "We are maintaining our NEUTRAL rating on CAT, with a new price target of $685 (from $882) following 3Q:26 earnings. Growth rates continue to accelerate, across all three segments. Backlogs were up 96% Y/Y (after +92% last quarter), and enduser sales were up 20% in Construction and 36% in Power & Energy, so the strength isn't just related to Datacenters. We even heard incrementally positive comments on the Resource

Caterpillar (CAT) PT Lowered to $685 at DA Davidson

Mon, 02 Nov 2026 09:47:55 -0500

(Updated - November 2, 2026 9:47 AM EST)

DA Davidson analyst Michael Shlisky lowered the price target on Caterpillar (NYSE: CAT) to $685.00 (from $882.00) while maintaining a Neutral rating.

Caterpillar acquires Fabick Cat dealership across four states

Mon, 02 Nov 2026 09:00:11 -0500

Caterpillar Inc. (NYSE: CAT) has completed its acquisition of John Fabick Tractor Company, a Cat equipment dealer operating across portions of Missouri, Illinois, the entire state of Wisconsin, and the Upper Peninsula of Michigan, according to a company press release.

Caterpillar announced the agreement to acquire Fabick in September. The dealership operates 37 locations across its territory and has been a Cat dealer for more than 100 years.

Following the close of the acquisition, Caterpillar Senior Vice President Steve Ferguson has been appointed CEO and Dealer Principal of Fabick. Ferguson joined Caterpillar in 1990 and has held roles in mining, power and

Caterpillar Inc. Acquires Fabick Cat Dealership

Mon, 02 Nov 2026 09:00:00 -0500

IRVING, Texas, Nov. 2, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) has acquired John Fabick Tractor Company (Fabick), a long-standing Cat^® dealer with more than 100 years of trusted service and customer relationships across portions of Missouri, Illinois, the entire state of Wisconsin and the Upper Peninsula of Michigan.

Caterpillar Inc. Acquires Fabick Cat Dealership

Mon, 02 Nov 2026 09:00:00 -0500

Caterpillar (CAT) PT Lowered to $664 at Bernstein SocGen Group

Fri, 30 Oct 2026 11:19:27 -0500

Bernstein SocGen Group analyst Chad Dillard lowered the price target on Caterpillar (NYSE: CAT) to $664.00 (from $749.00) while maintaining a Market Perform rating.

Caterpillar (CAT) PT Lowered to $1,000 at JPMorgan

Fri, 30 Oct 2026 09:20:58 -0500

JPMorgan analyst Tami Zakaria lowered the price target on Caterpillar (NYSE: CAT) to $1,000.00 (from $1,100.00) while maintaining a Overweight rating.

Caterpillar (CAT) PT Lowered to $729 at Baird

Fri, 30 Oct 2026 09:19:22 -0500

Baird analyst Mircea Dobre lowered the price target on Caterpillar (NYSE: CAT) to $729.00 (from $970.00) while maintaining a Neutral rating.

Caterpillar (CAT) PT Lowered to $722 at RBC Capital

Fri, 30 Oct 2026 09:13:21 -0500

RBC Capital analyst Sabahat Khan lowered the price target on Caterpillar (NYSE: CAT) to $722.00 (from $897.00) while maintaining a Sector Perform rating.

Caterpillar (CAT) PT Lowered to $675 at Morgan Stanley

Fri, 30 Oct 2026 08:43:30 -0500

Morgan Stanley analyst Angel Castillo lowered the price target on Caterpillar (NYSE: CAT) to $675.00 (from $915.00) while maintaining a Equalweight rating.

Caterpillar (CAT) PT Lowered to $1,027 at Truist Securities

Fri, 30 Oct 2026 07:38:31 -0500

Truist Securities analyst Jamie Cook lowered the price target on Caterpillar (NYSE: CAT) to $1,027.00 (from $1,100.00) while maintaining a Buy rating.

Caterpillar (CAT) PT Lowered to $805 at Wells Fargo

Fri, 30 Oct 2026 06:49:55 -0500

Wells Fargo analyst Jerry Revich lowered the price target on Caterpillar (NYSE: CAT) to $805.00 (from $840.00) while maintaining a Overweight rating.

Oppenheimer on Caterpillar (CAT): 'we believe the quality of the EPS beat gives investors a chink in the CAT armor'

Thu, 29 Oct 2026 07:28:20 -0500

Oppenheimer analyst Noah Kaye reiterated an Outperform rating and $1,009.00 price target on Caterpillar (NYSE: CAT).

The analyst comments "CAT delivered a solid 3Q, with revenue in-line and headline EPS a $0.14 beat on the back of IEEPA tariff recovery of ~$0.21. Results reflected strong sales to users (STUs) across all three primary businesses, led by 75% growth in Power Gen STUs. Construction STUs were healthy at +20%, though sales were slightly below our/consensus estimate and reflected a $300M headwind (4.4%) from change in dealer inventory (total dealer inventory a 50bos tailwind tot total CAT revenues). Resources sales outperformed as strong

Caterpillar shares slump 10% despite earnings beat amid rapid AI buildout

Thu, 29 Oct 2026 06:52:54 -0500

Investing.com - Caterpillar (NYSE: CAT) posted better-than-anticipated third-quarter income fueled by demand for the construction equipment needed to build out artificial intelligence infrastructure.

However, shares in the industrial activity bellwether sank by more than 10% in premarket U.S. trading on Thursday. AI-exposed stocks dipped before the start of trading, after results from a slew of megacap tech firms revived worries over the sustainability of increasingly debt-driven spending on data centers and chips.

Underlining the impact of the AI boom, revenue at Caterpillar’s machinery, power and energy unit spiked by 18% versus a year ago to $19.65 billion, roughly in line with

Caterpillar shares slump 10% despite earnings beat amid rapid AI buildout

Thu, 29 Oct 2026 06:52:54 -0500

Investing.com - Caterpillar (NYSE: CAT) posted better-than-anticipated third-quarter income fueled by demand for the construction equipment needed to build out artificial intelligence infrastructure.

Underlining the impact of the AI boom, revenue at Caterpillar’s machinery, power and energy unit spiked by 18% versus a year ago to $19.65 billion, roughly in line with

Form 8-K CATERPILLAR INC For: Oct 29

Thu, 29 Oct 2026 06:34:00 -0500

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Caterpillar (CAT) Tops Q3 EPS by 17c, Beats on Revenue

Thu, 29 Oct 2026 06:31:35 -0500

Caterpillar (NYSE: CAT) reported Q3 EPS of $7.20, $0.17 better than the analyst estimate of $7.03. Revenue for the quarter came in at $20.7 billion versus the consensus estimate of $20.53 billion.

For earnings history and earnings-related data on Caterpillar (CAT) click here.

Cat Financial Reports Third-Quarter 2026 Results

Thu, 29 Oct 2026 06:31:00 -0500

NASHVILLE, Tenn., Oct. 29, 2026 /PRNewswire/ -- Cat Financial reported third-quarter 2026 revenues of $1.02 billion, an increase of $95 million, or 10%, compared with $926 million in the third quarter of 2025. The increase in revenues was primarily due to a favorable impact from higher average earning assets of $125 million, partially offset by an unfavorable impact from lower average financing rates of $38 million. Third-quarter 2026 profit was $145 million, an increase of $11 million, or 8%,

Cat Financial Reports Third-Quarter 2026 Results

Thu, 29 Oct 2026 06:31:00 -0500

Caterpillar Reports Third-Quarter 2026 Results

Thu, 29 Oct 2026 06:30:00 -0500

Third-quarter 2026 sales and revenues increased 17% to $20.7 billion
Third-quarter 2026 profit per share of $7.13; adjusted profit per share of $7.20
Deployed $2.0 billion of cash for

Caterpillar Reports Third-Quarter 2026 Results

Thu, 29 Oct 2026 06:30:00 -0500

Third-quarter 2026 sales and revenues increased 17% to $20.7 billion
Third-quarter 2026 profit per share of $7.13; adjusted profit per share of $7.20
Deployed $2.0 billion of cash for

Caterpillar Q3 earnings preview: analysts weigh mining, data centre demand

Wed, 28 Oct 2026 23:30:00 -0500

Investing.com-- Caterpillar will report its quarterly results on Thursday, Oct. 29, with demand trends across its major end markets pointing to a potentially stronger operating environment, although financing risks in the artificial intelligence infrastructure sector remain a concern.

Wells Fargo Securities expects the construction and mining equipment maker to deliver third-quarter earnings per share of $7.47, above the Visible Alpha consensus estimate of $6.42, while forecasting full-year 2026 earnings of $28.62.

Analysts reiterated an Overweight rating and a $1,155 price target.

The bank sees scope for stronger bookings and margins in Resource Industries, alongside sustained demand and profitability in Construction Industries. Komatsu's mining