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 disclosures by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 351 | Existing positions closed: 156
5% more funds holding
Funds holding: 2,785 [Q3] → 2,919 (+134) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 1,079 | Existing positions reduced: 1,031
0.69% more ownership
Funds ownership: 69.46% [Q3] → 70.15% (+0.69%) [Q4]
1% less capital invested
Capital invested by funds: $135B [Q3] → $135B (-$767M) [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
Morgan Stanley Angel Castillo 50% 1-year accuracy 12 / 24 met price target | 4%downside $283 | Equal-Weight Upgraded | 16 Apr 2025 |
JP Morgan Tami Zakaria 26% 1-year accuracy 9 / 35 met price target | 29%upside $380 | Overweight Maintained | 14 Apr 2025 |
Citigroup Kyle Menges 30% 1-year accuracy 11 / 37 met price target | 9%upside $320 | Buy Maintained | 8 Apr 2025 |
Truist Securities Jamie Cook 33% 1-year accuracy 29 / 88 met price target | 32%upside $389 | Buy Maintained | 8 Apr 2025 |
UBS Steven Fisher 27% 1-year accuracy 8 / 30 met price target | 17%downside $243 | Sell Downgraded | 7 Apr 2025 |
Financial journalist opinion
Based on 32 articles about CAT published over the past 30 days
