Fintel reports that on April 16, 2025, Morgan Stanley upgraded their outlook for Caterpillar (NYSE:CAT) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 34.35% Upside
As of April 1, 2025, the average one-year price target for Caterpillar is $389.69/share. The forecasts range from a low of $252.50 to a high of $478.80. The average price target represents an increase of 34.35% from its latest reported closing price of $290.06 / share.
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The projected annual revenue for Caterpillar is 66,650MM, an increase of 2.84%. The projected annual non-GAAP EPS is 18.45.
What is the Fund Sentiment?
There are 4,000 funds or institutions reporting positions in Caterpillar. This is an increase of 142 owner(s) or 3.68% in the last quarter. Average portfolio weight of all funds dedicated to CAT is 0.42%, an increase of 5.00%. Total shares owned by institutions increased in the last three months by 1.62% to 388,491K shares. 
The put/call ratio of CAT is 0.82, indicating a bullish outlook.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 17,734K shares representing 3.71% ownership of the company. No change in the last quarter.
Capital World Investors holds 16,400K shares representing 3.43% ownership of the company. In its prior filing, the firm reported owning 17,486K shares , representing a decrease of 6.63%. The firm decreased its portfolio allocation in CAT by 14.82% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,125K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 15,368K shares , representing a decrease of 1.61%. The firm decreased its portfolio allocation in CAT by 10.05% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,069K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 12,700K shares , representing an increase of 2.82%. The firm decreased its portfolio allocation in CAT by 9.70% over the last quarter.
Geode Capital Management holds 10,450K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 10,213K shares , representing an increase of 2.26%. The firm decreased its portfolio allocation in CAT by 9.02% over the last quarter.
Caterpillar Background Information
(This description is provided by the company.)
Since 1925, Caterpillar Inc. has been helping our customers build a better world - making sustainable progress possible and driving positive change on every continent. With 2019 sales and revenues of $53.8 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Services offered throughout the product life cycle, cutting-edge technology and decades of product expertise set Caterpillar apart, providing exceptional value to help our customers succeed. The company principally operates through three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and provides financing and related services through its Financial Products segment.
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