$CAT

Caterpillar (CAT) stock is up 37% year-to-date, trading at 25.25x forward earnings. Q2 sales rose 24% to $20.5B, with adjusted EPS up 73% to $8.17. The company's $72.1B backlog increased 15% QoQ. Diversification into power generation for data centers is a growth driver, but valuation concerns and potential construction slowdown pose risks.

Caterpillar (CAT) tested a remotely operated dozer at an Arizona landfill, with shares rising 0.8% to $811.58. WM is testing an autonomous compactor, and Luck Stone expanded autonomous truck use to more sites. CAT's shares are 75.98% above the GF Value estimate of $461.18, awaiting proof of revenue or productivity gains.

Caterpillar (CAT) reported a strong Q2 2026 with revenue up 24% to $20.5B, a record $72B backlog, and EPS of $7.77. AI-driven demand is boosting growth, reducing reliance on traditional cycles. Analysts' avg. price target is $975, though the stock's P/E ratio is above 35.

Caterpillar (CAT) and Exxon Mobil (XOM) both reported strong earnings and increased dividends. CAT posted record sales of $20B, with adjusted EPS of $8.17, while XOM reported $14.5B in earnings and $23.6B in operating cash flow. CAT's dividend increased from $1.51 to $1.63, while XOM's rose from $0.99 to $1.03. Analysts suggest CAT has more room for dividend growth due to lower capex and strong backlog, while XOM offers a higher yield and stable payout history.

EquipmentWatch reports an 18.22% drop in construction equipment auction values in August 2026 vs. 2024, with used equipment prices stabilizing. Caterpillar (CAT) and John Deere (DE) report strong sales of new machines, with CAT posting $20.5B in Q2 sales, up 24% YoY, and DE's construction division seeing 18% YoY growth in Q3.

Caterpillar (CAT) CEO Joe Creed stated that demand for the company's power solutions, particularly for data centers, is strong and durable. The company's $72B backlog understates real demand, with orders booked into 2030. Shares are down 25% from their June high, trading at $808.99, with a mid-target price of ~$1,050. Creed emphasized the potential for long-term services revenue and maintained that the company can compete even if oversupply occurs.

FieldAI and Caterpillar Inc. (CAT) are partnering to integrate AI and automation into construction sites and manufacturing. The focus is on autonomous inspections and digital twins to improve safety and efficiency. FieldAI, valued at $2 billion, has raised over $400 million from investors. Caterpillar, with $67.6 billion in 2023 revenue, aims to expand AI use in industrial settings. Financial terms were not disclosed.

Caterpillar unveiled the Cat 355 Hydraulic Excavator, Cat D5 Dozer, and Cat 120 GC Motor Grader at bauma CONEXPO India 2026. The machines are designed for mining, heavy infrastructure, and road construction applications. The company showcased its integrated portfolio, including connected technologies and aftermarket services, aiming to improve productivity and lower operating costs for customers.

Oracle (ORCL) is investing billions in AI data centers, benefiting Vertiv (VRT) and Caterpillar (CAT). Vertiv reported $3.27B in Q2 sales, up 24% YoY, and is expanding factories. Caterpillar is supplying power solutions for data centers, with a $725M expansion planned. Both companies are key to Oracle's AI infrastructure.

President Capital initiated coverage of Caterpillar with a 'Buy' rating and a $999 price target. The stock is currently trading at $798.57, up 2.02% in pre-market. The rating is based on valuation, EPS revisions, and visibility metrics.