Fintel reports that on November 6, 2025, HSBC upgraded their outlook for Caterpillar (NYSE:CAT) from Hold to Buy.
Analyst Price Forecast Suggests 12.34% Downside
As of October 30, 2025, the average one-year price target for Caterpillar is $499.54/share. The forecasts range from a low of $353.50 to a high of $682.50. The average price target represents a decrease of 12.34% from its latest reported closing price of $569.83 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Caterpillar is 66,650MM, an increase of 3.06%. The projected annual non-GAAP EPS is 18.45.
What is the Fund Sentiment?
There are 4,139 funds or institutions reporting positions in Caterpillar. This is an increase of 137 owner(s) or 3.42% in the last quarter. Average portfolio weight of all funds dedicated to CAT is 0.43%, an increase of 10.56%. Total shares owned by institutions decreased in the last three months by 1.02% to 371,252K shares. 
The put/call ratio of CAT is 1.12, indicating a bearish outlook.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 17,669K shares representing 3.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,121K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 15,099K shares , representing an increase of 0.14%. The firm increased its portfolio allocation in CAT by 5.17% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,349K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 13,279K shares , representing an increase of 0.53%. The firm increased its portfolio allocation in CAT by 5.13% over the last quarter.
Geode Capital Management holds 10,467K shares representing 2.24% ownership of the company. In its prior filing, the firm reported owning 10,517K shares , representing a decrease of 0.47%. The firm increased its portfolio allocation in CAT by 4.32% over the last quarter.
Fisher Asset Management holds 9,418K shares representing 2.01% ownership of the company. In its prior filing, the firm reported owning 9,210K shares , representing an increase of 2.21%. The firm increased its portfolio allocation in CAT by 10.39% over the last quarter.
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