Is Wall Street Bullish or Bearish on Caterpillar Stock?

With a market cap of $193.8 billion, Caterpillar Inc. (CAT) is the world’s largest manufacturer of construction and mining equipment, industrial gas turbines, diesel-electric locomotives, and diesel and natural gas engines. Founded in 1925 and headquartered in Irving, Texas, the company operates through Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and Other segments.

Caterpillar has been on a powerful climb, with shares soaring 43.2% over the past year, handily outperforming the S&P 500 Index ($SPX), which has gained 14.1%. The momentum is even stronger year-to-date, with CAT rallying an impressive 56.6%, outpacing the benchmark’s 16.4% gain.