CaterpillarCAT
About: Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy & transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
Employees: 120,286
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
121% more first-time investments, than exits
New positions opened: 345 | Existing positions closed: 156
5% more funds holding
Funds holding: 2,785 [Q3] → 2,911 (+126) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 1,078 | Existing positions reduced: 1,030
0.16% more ownership
Funds ownership: 70.07% [Q3] → 70.23% (+0.16%) [Q4]
1% less capital invested
Capital invested by funds: $136B [Q3] → $135B (-$1.85B) [Q4]
20% less call options, than puts
Call options by funds: $2.16B | Put options by funds: $2.7B
26% less funds holding in top 10
Funds holding in top 10: 80 [Q3] → 59 (-21) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Evercore ISI Group David Raso 30% 1-year accuracy 6 / 20 met price target | 14%upside $375 | In-Line Maintained | 19 Feb 2025 |
DA Davidson Michael Shlisky 36% 1-year accuracy 9 / 25 met price target | 8%upside $357 | Neutral Maintained | 4 Feb 2025 |
Truist Securities Jamie Cook 45% 1-year accuracy 34 / 76 met price target | 33%upside $438 | Buy Maintained | 3 Feb 2025 |
UBS Steven Fisher 44% 1-year accuracy 11 / 25 met price target | 17%upside $385 | Neutral Upgraded | 3 Feb 2025 |
Citigroup Kyle Menges 37% 1-year accuracy 10 / 27 met price target | 30%upside $430 | Buy Maintained | 31 Jan 2025 |
Financial journalist opinion
Based on 17 articles about CAT published over the past 30 days
