Do Wall Street Analysts Like Caterpillar Stock?

Caterpillar Inc. (CAT), headquartered in Irving, Texas, manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Valued at $167.7 billion by market cap, Caterpillar is the world’s leading manufacturer of construction and mining equipment, and also manufactures engines and other parts for its equipment, offering financing and insurance.

Shares of this machinery giant have underperformed the broader market slightly over the past year. CAT has gained 26.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. In 2024 alone, CAT stock rose 15.8%, compared to the SPX’s 16.8% rise on a YTD basis.