Caterpillar Option Alert: Sep 19 $440 Calls at the Ask: 500 vs 370 OI; Earnings 8/5 Before Open 

Caterpillar Option Alert: Sep 19 $440 Calls at the Ask: 500 @ $14.7 vs 370 OI; Earnings 8/5 Before Open Ref=$432.685

Caterpillar Option Alert: Dec, 2027 $440 Puts at the Ask: 190 vs 0 OI; Earnings 8/5 Before Open 

Caterpillar Option Alert: Dec, 2027 $440 Puts at the Ask: 190 @ $61.2 vs 0 OI; Earnings 8/5 Before Open Ref=$433.23

Caterpillar Option Alert: Dec, 2027 $500 Calls Sweep (4) near the Ask: 149 vs 2 OI; Earnings 8/5 Before Open 

Caterpillar Option Alert: Dec, 2027 $500 Calls Sweep (4) near the Ask: 149 @ $52.895 vs 2 OI; Earnings 8/5 Before Open Ref=$427.8799

Caterpillar Option Alert: Jan 16 $400 Puts Sweep (16) near the Bid: 500 vs 826 OI; Earnings 8/5 Before Open 

Caterpillar Option Alert: Jan 16 $400 Puts Sweep (16) near the Bid: 500 @ $17.129 vs 826 OI; Earnings 8/5 Before Open Ref=$424.465

Caterpillar (NYSE:CAT) Bolsa

Caterpillar

Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy & transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.

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Caterpillar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) short percent of float has fallen 8.21% since its last report. The company recently reported that it has 5.78 million shares sold short, which is 1.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Caterpillar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753905630_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Caterpillar has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Caterpillar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Caterpillar's peer group average for short interest as a percentage of float is 6.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Caterpillar's Recent Short Interest

President Donald Trump&#8216;s views about the dollar are getting strong pushback from economists like Europac.com Chief Economist and Global Strategist Peter Schiff.&nbsp;
&#8220;Trump said he wants a strong dollar but he also wants a weaker dollar. He says a strong dollar makes you feel better, but a <a href="https://www.benzinga.com/news/politics/25/07/46213361/trump-is-slamming-jerome-powell-because-he-wants-a-weaker-dollar-says-ed-yardeni-pounding-powell-pounding-the-dollar">weak dollar</a> makes you richer,&#8221; Schiff <a href="https://x.com/PeterSchiff/status/1948759696782823707">wrote on X</a> last week.
He added that although Trump claims he crushed inflation, his policies are highly inflationary, saying, &#8220;Trump's weak dollar dream will be a nightmare.&#8221;
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<h2 class="wp-block-heading">Trump Defends a Weaker Dollar, But Economists Aren&#8217;t Buying It</h2>
What caused Schiff&#8217;s comments is what Trump told reporters at the White House on Friday: &#8220;It doesn&#8217;t sound good, but you make a hell of a lot more money with a weaker dollar, not a weak dollar, but a weaker dollar than you do with a strong dollar.&#8221;
Trump argued that a strong dollar &#8220;sounds good&#8221; and helps with inflation, but he also said, &#8220;You can&#8217;t sell tractors, you can&#8217;t sell trucks, you can&#8217;t sell anything.&#8221; He claimed that countries like China and Japan have long pushed for weaker currencies to dominate global markets.
Financial experts, however, warn that Trump&#8217;s stance could backfire.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump said he wants a strong dollar but he also wants a weaker dollar. He says a strong dollar makes you feel better, but a weak dollar makes you richer. He also claimed he crushed inflation. His policies are highly inflationary. Trump's weak dollar dream will be a nightmare.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1948759696782823707?ref_src=twsrc%5Etfw">July 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
9i Capital Group Chief Executive Officer Kevin Thompson told <a href="https://www.newsweek.com/donald-trump-defends-weak-dollar-economic-analysts-respond-2104336">Newsweek</a> that while a weaker dollar helps U.S. exporters and multinational corporations, it can be bad news for households.
&#8220;The U.S. is a consumer-driven, import-heavy economy,&#8221; he said. &#8220;A weaker dollar makes imports more expensive, which can drive inflation. So while there are benefits on the corporate side, it also hurts households by increasing the cost of everyday goods.&#8221;
Thompson also took issue with Trump's claim that the U.S. has &#8220;wiped out inflation.&#8221;
&#8220;He&#8217;s dead wrong,&#8221; Thompson told Newsweek. &#8220;We&#8217;re still seeing elevated prices in areas like energy, particularly piped gas, and in household essentials. <a href="https://www.benzinga.com/personal-finance/25/02/43748849/food-prices-are-expected-to-keep-rising-in-2025-ramsey-solutions-explains-why-grocery-prices-are-so-high-offers-tips-for-saving">Food costs continue to climb</a>, especially meat, and many families are seeing higher utility bills.&#8221;
The dollar has <a href="https://www.benzinga.com/government/25/07/46203857/pay-attention-to-trump-musk-feud-worst-start-to-dollar-since-1973-stock-market-bulls-celebrate">dropped over 10% this year</a> compared to a basket of foreign currencies. The last time the dollar weakened this much early in a year was 1973.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Trump has said a weaker dollar could help U.S. manufacturers compete globally and boost tourism. He cited the <a href="https://www.benzinga.com/insights/news/25/07/46447368/heres-how-much-you-would-have-made-owning-caterpillar-stock-in-the-last-5-years">recent rise</a> in Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) shares as an example of how a <a href="https://www.benzinga.com/content/44884600/mitigating-tariffs-3-stocks-to-gain-from-a-weaker-u-s-dollar">declining dollar benefits</a> heavy industry.
Still, economists caution that a weaker dollar also means Americans pay more when they travel abroad and face higher prices on imported goods.
While the president insists his policies are aimed at strengthening the economy, critics argue that continued deficit spending and rising debt are already shaking global confidence in the dollar.
As Schiff <a href="https://x.com/PeterSchiff/status/1922327956925366308">wrote on X</a> back in May, &#8220;The yield on 10-year Treasuries is back up to 4.5% as the U.S. dollar resumes its broad-based decline. Despite the trade truce, the world is losing <a href="https://www.benzinga.com/markets/bonds/25/05/45396490/peter-schiff-says-trade-truce-aside-the-world-is-losing-confidence-in-dollar-and-in-us-ability-to-put-fiscal-house-in-order">confidence in the dollar</a> and our ability to get our fiscal house in order. The <a href="https://www.benzinga.com/real-estate/25/06/46115111/americans-are-not-prepared-says-harvard-economist-about-chinas-de-dollarization-interest-rates-are-going-to-be-higher-for-a-very-very-long-time">consequences of de-dollarization</a> will be profound.&#8221;
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Imagn Images

'Trump's Weak Dollar Dream Will Be A Nightmare' Because His Policies Are 'Highly Inflationary,' Economist Peter Schiff Says

What if the next big story in finance isn&#8217;t about a single stock but the silent surge of a diverse group of S&amp;P 500 members quietly <a href="https://www.benzinga.com/topic/s-p-500">rewriting market records?</a>
On Thursday&#8217;s trading day, 38 S&amp;P 500 members reached new 52-week highs, CNBC pointed out. Notably, many of them reached heights not reached in decades, or even since their initial public offerings. From banking giants like Citigroup&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) to defense titans and even beauty stores, this disparate group heralds more than stock-specific breakthroughs. It&#8217;s working quietly to boost <a href="https://www.benzinga.com/etfs">several ETFs </a>with high concentrations of these soaring stocks.
Check out the current price of&nbsp;<a href="https://archive.ph/o/7OU5N/https://benzinga.com/quote/c" target="_blank" rel="noreferrer noopener">Citigroup stock here</a>.
If you&#8217;ve been holding out for indications of a general market comeback, the tape just provided one. And ETFs, those talented, underappreciated vehicles, are along for the ride. 
Of course, we cannot begin the discussion without mentioning SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the standard bearer for S&amp;P 500 Index performance. This fund, along with another favorite, Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) are slightly up on Thursday. These funds mirror the performance of the S&amp;P 500 Index.
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46610320/this-overlooked-trigger-could-send-stocks-even-higher">This Overlooked Trigger Could Send Stocks Even Higher</a>
<h2 class="wp-block-heading">Bank Stocks: Betting On All-Time Highs</h2>
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) hovered at record highs, breaking previous levels since its 1983 IPO. Citigroup, on the other hand, hit levels not seen since the pre-crisis time of November 2008. BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) came aboard, achieving its own record high since its 1999 IPO.
All three are top holdings in Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which has picked up pace in the wake of good Q2 earnings, increasing net interest margins, and expectations that Fed rate cuts are imminent than they seem. Vanguard Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) and iShares U.S. Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) also provide exposure. 
<h2 class="wp-block-heading">Industrial Might: The Defense Trade Is Booming</h2>
Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) broke its new all-time high, dating back to its NYSE listing in 1929. Additionally, General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) and Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) are soaring higher than they have at any point in their public market history.
The industrials sector has quietly been the place to be. Defense budgets remain resilient despite macro worries, and infrastructure plays like CAT are thriving amid robust demand and reshoring trends. Investors can tap into this trend via Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) or iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>), both of which inched up on Thursday.
<h2 class="wp-block-heading">Beauty &amp; Bargains: Consumers Are Still Spending</h2>
Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) and Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) are not only surviving, but they&#8217;re thriving. Ulta hit levels not reached since April 2024, while Dollar Tree regained its June 2024 high. The message? Consumers are still swiping, even in a higher-for-longer rate environment.
VanEck Retail ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTH#NASDAQ">RTH</a>) is capitalizing on these areas of unexpected strength in consumer spending. While technology grabs the spotlight, retail is the true dark horse of this earnings season. 
Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) continued its AI-driven rise, reaching new highs since its Avago IPO in 2009. 
These gains are trickling into VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), and broad tech-oriented funds such as Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and Vanguard Information Technology Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>). Even equal-weight exposure, such as RSP, is experiencing a stealthy boost as mega-cap dominance becomes diluted.
<h2 class="wp-block-heading">The ETF Takeaway</h2>
With 38 S&amp;P 500 stocks hitting 52-week highs in vastly different sectors, the trend no longer appears to be a fluke but rather the beginning of a larger momentum wave. The allure of ETFs is that they allow investors to participate in these trends without having to individually pick winners.
Should momentum persist, these ETFs should continue to rise, not in a flashy fashion but rather in the low-key, slow-burn way to wealth.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/07/46613442/pgim-targets-yield-hunters-with-3-new-corporate-bond-etfs-in-the-pipeline">PGIM Targets Yield Hunters With 3 New Corporate Bond ETFs In The Pipeline</a></li>
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Photo: LookerStudio on Shutterstock.com

Broad U.S. Equity ETFs

AVGO

DLTR

iShares Dow Jones US Aerospace & Defense Index Fund

iShares Dow Jones US Financial Sector Index Fund

Merrill Lynch Retail HOLDRS Trust due 12/31/41

ULTA

S&P 500 Stocks At 52-Week Highs? These ETFs Just Cashed In

Deep-pocketed investors have adopted a bullish approach towards Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 56% leaning bullish and 21% bearish. Among these notable options, 5 are puts, totaling $1,374,670, and 18 are calls, amounting to $1,834,716.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $390.0 to $470.0 for Caterpillar over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Caterpillar stands at 909.65, with a total volume reaching 13,716.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caterpillar, situated within the strike price corridor from $390.0 to $470.0, throughout the last 30 days.
<h3>Caterpillar Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753286471_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$18.7</td>
<td>$17.05</td>
<td>$17.28</td>
<td>$400.00</td>
<td>$856.4K</td>
<td>826</td>
<td>500</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$14.3</td>
<td>$13.9</td>
<td>$14.18</td>
<td>$430.00</td>
<td>$425.4K</td>
<td>123</td>
<td>302</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$10.9</td>
<td>$9.65</td>
<td>$9.98</td>
<td>$415.00</td>
<td>$328.5K</td>
<td>4.2K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$65.55</td>
<td>$63.45</td>
<td>$64.86</td>
<td>$420.00</td>
<td>$324.3K</td>
<td>423</td>
<td>50</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$62.05</td>
<td>$58.3</td>
<td>$60.19</td>
<td>$430.00</td>
<td>$240.7K</td>
<td>132</td>
<td>40</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy &amp; transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
<h3>Present Market Standing of Caterpillar</h3>
<ul>
<li>Trading volume stands at 1,444,182, with CAT's price up by 0.61%, positioned at $419.74.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 13 days.</li>
</ul>
<h3>Professional Analyst Ratings for Caterpillar</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $433.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for Caterpillar, targeting a price of $388. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Caterpillar, targeting a price of $420. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Caterpillar, targeting a price of $475. 
&#x2A; In a positive move, an analyst from Melius Research has upgraded their rating to Buy and adjusted the price target to $500. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Caterpillar with a target price of $383. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caterpillar, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Caterpillar's Recent Unusual Options Activity

In a new SEC filing on July 21, it was revealed that Bonfield, Chief Financial Officer at Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), executed a significant exercise of company stock options.
What Happened: Bonfield, Chief Financial Officer at Caterpillar, made a strategic move by exercising stock options for 37,497 shares of CAT as detailed in a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000018230/000110465925069308//Archives/edgar/data/18230/000110465925069308/0001104659-25-069308-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $6,775,347.
The Tuesday morning market activity shows Caterpillar shares up by 0.71%, trading at $413.0. This implies a total value of $6,775,347 for Bonfield's 37,497 shares.
<h3>Discovering Caterpillar: A Closer Look</h3>
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy &amp; transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
<h3>Unraveling the Financial Story of Caterpillar</h3>
Revenue Challenges: Caterpillar's revenue growth over 3 months faced difficulties. As of 31 March, 2025, the company experienced a decline of approximately -9.81%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 34.8%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 4.22, Caterpillar showcases strong earnings per share.
</li>
</ul>
Debt Management: Caterpillar's debt-to-equity ratio surpasses industry norms, standing at 2.14. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 20.0, Caterpillar's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.14 is above industry norms, reflecting an elevated valuation for Caterpillar's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Caterpillar's EV/EBITDA ratio of 15.13 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
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<h3>Why Insider Activity Matters in Finance</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000018230">Check Out The Full List Of Caterpillar's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Andrew R J Bonfield At Caterpillar Capitalizes: Options Exercised, Resulting In $6.78M

DA Davidson analyst Michael Shlisky maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Neutral and raises the price target from $331 to $388.

Price Target

DA Davidson Maintains Neutral on Caterpillar, Raises Price Target to $388

Barclays analyst Adam Seiden maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Equal-Weight and raises the price target from $335 to $383.

Barclays Maintains Equal-Weight on Caterpillar, Raises Price Target to $383

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$270.00</td>
<td>$34.4K</td>
<td>9.2K</td>
<td>3.9K</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$420.00</td>
<td>$30.1K</td>
<td>316</td>
<td>951</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$198.2K</td>
<td>15.5K</td>
<td>584</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$76.5K</td>
<td>67.1K</td>
<td>555</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$400.00</td>
<td>$179.0K</td>
<td>19</td>
<td>500</td>
</tr>
<tr>
<td>AVAV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$300.00</td>
<td>$41.5K</td>
<td>1.2K</td>
<td>485</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$252.50</td>
<td>$39.5K</td>
<td>328</td>
<td>316</td>
</tr>
<tr>
<td>EMR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$140.00</td>
<td>$41.4K</td>
<td>959</td>
<td>235</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$100.00</td>
<td>$50.0K</td>
<td>1.9K</td>
<td>221</td>
</tr>
<tr>
<td>ROAD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$27.2K</td>
<td>0</td>
<td>200</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a put option sweep with bearish sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 40 contract(s) at a $270.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $860.0 per contract. There were 9267 open contracts at this strike prior to today, and today 3964 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 135 contract(s) at a $420.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $222.0 per contract. There were 316 open contracts at this strike prior to today, and today 951 contract(s) were bought and sold. 
• For ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we notice a call option trade that happens to be bullish, expiring in 182 day(s) on January 16, 2026. This event was a transfer of 250 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $198.2K, with a price of $793.0 per contract. There were 15536 open contracts at this strike prior to today, and today 584 contract(s) were bought and sold. 
• For EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we notice a call option sweep that happens to be bearish, expiring in 182 day(s) on January 16, 2026. This event was a transfer of 500 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $76.5K, with a price of $152.0 per contract. There were 67126 open contracts at this strike prior to today, and today 555 contract(s) were bought and sold. 
• For ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on August 15, 2025. This event was a transfer of 329 contract(s) at a $400.00 strike. This particular call needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $179.0K, with a price of $550.0 per contract. There were 19 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding AVAV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 50 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $830.0 per contract. There were 1270 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on August 1, 2025. This event was a transfer of 316 contract(s) at a $252.50 strike. The total cost received by the writing party (or parties) was $39.5K, with a price of $125.0 per contract. There were 328 open contracts at this strike prior to today, and today 316 contract(s) were bought and sold. 
• For EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we notice a call option sweep that happens to be neutral, expiring in 28 day(s) on August 15, 2025. This event was a transfer of 60 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $41.4K, with a price of $690.0 per contract. There were 959 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option trade with bearish sentiment. It expires in 126 day(s) on November 21, 2025. Parties traded 61 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $820.0 per contract. There were 1904 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold. 
• Regarding ROAD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>), we observe a put option sweep with neutral sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 56 contract(s) at a $110.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $486.0 per contract. There were 0 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACHR

AVAV

EOSE

ROAD

10 Industrials Stocks With Whale Alerts In Today's Session

Deep-pocketed investors have adopted a bullish approach towards Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 40% bearish. Among these notable options, 2 are puts, totaling $51,720, and 18 are calls, amounting to $2,070,624.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $195.0 and $480.0 for Caterpillar, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Caterpillar's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Caterpillar's whale trades within a strike price range from $195.0 to $480.0 in the last 30 days. 
<h3>Caterpillar Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752850951_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$221.1</td>
<td>$221.1</td>
<td>$221.1</td>
<td>$195.00</td>
<td>$442.2K</td>
<td>20</td>
<td align="right">20</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$196.35</td>
<td>$194.4</td>
<td>$195.4</td>
<td>$220.00</td>
<td>$390.8K</td>
<td>7</td>
<td align="right">40</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$104.8</td>
<td>$104.8</td>
<td>$104.8</td>
<td>$310.00</td>
<td>$209.6K</td>
<td>260</td>
<td align="right">20</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$150.0</td>
<td>$146.2</td>
<td>$147.6</td>
<td>$300.00</td>
<td>$177.1K</td>
<td>3</td>
<td align="right">16</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$37.8</td>
<td>$36.45</td>
<td>$37.06</td>
<td>$380.00</td>
<td>$151.9K</td>
<td>2.4K</td>
<td align="right">60</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy &amp; transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
Following our analysis of the options activities associated with Caterpillar, we pivot to a closer look at the company's own performance.
<h3>Caterpillar's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 551,600, the CAT's price is down by -0.72%, now at $415.05. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 18 days.</li>
</ul>
<h3>Expert Opinions on Caterpillar</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $442.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Caterpillar with a target price of $483. 
&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Caterpillar with a target price of $422. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $420. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Caterpillar, which currently sits at a price target of $475. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Caterpillar, maintaining a target price of $414. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caterpillar, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With CAT

China's high-speed rail progress will take center stage at the US-China Rail Transit Industry Roundtable in Beijing, where U.S. firms like Westinghouse Air Brake Technologies Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Cummins (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>), L B Foster Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) and 3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) will participate.
What Happened: China&#8217;s high-speed rail development has been progressing at an impressive pace, surpassing the United States. The US-China Rail Transit Industry Roundtable is expected to address this issue, with a focus on the challenges faced by American projects due to funding shortages and political pressures, <a href="https://www.scmp.com/economy/global-economy/article/3318627/chinas-speedy-maglev-train-breaks-records-us-ambitions-go-rails?module=top_story&amp;pgtype=homepage">reported </a>by South China Morning Post. 
Industry representatives from both countries will also explore the potential for supply-chain collaboration in the railway sector. The event is organized by&nbsp;the China Council for the&nbsp;Promotion of International Trade.
Wang Yiwei, head of Renmin University&#8216;s Institute of International Affairs in Beijing, attributed the slow progress of high-speed rail in the United States to political and financial constraints. He highlighted President Donald Trump&#8216;s opposition to California&#8217;s high-speed rail project as an example of these challenges.
Wang pointed out that China's success in high-speed rail stems from long-term government planning, strategic investment, and centralized oversight. 
&#8220;Even if high-speed rail projects are not profitable in the short term, China can still build them for strategic reasons,&#8221; stated Wang.
SEE ALSO: <a href="https://benzinga.com/markets/equities/25/07/46487931/bitmine-surges-14-after-hours-as-ethereum-holdings-top-1-billion-just-days-after-250-million-raise" target="_blank" rel="noreferrer noopener">BitMine Surges 14% After Hours As Ethereum Holdings Top $1 Billion Just Days After $250 Million Raise &#8211; Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest (AR</a>
Why It Matters: The U.S.-China Rail Transit Industry Roundtable comes at a time when the U.S. is facing challenges in its high-speed rail projects. In a recent development, the Trump administration decided to <a href="https://www.benzinga.com/news/politics/25/07/46461319/trump-cancels-4-billion-funding-for-california-high-speed-rail-project-calls-it-disastrously-overpriced">withdraw $4 billion</a> in federal funding from California&#8217;s high-speed rail project, citing excessive costs and unmet promises. This move has further highlighted the difficulties faced by the US in competing with China&#8217;s high-speed rail advancements.
That being said, the US Department of Transportation had <a href="https://www.benzinga.com/news/politics/25/06/45744869/us-dot-allocates-5-4-billion-for-bridge-infrastructure-fund-scraps-diversity-climate-criteria-for-applicants-report">allocated $5.4 billion</a> for the construction, replacement, or repair of bridges across the U.S. However, the department decided to remove climate change, environmental justice, diversity, equity, and inclusion (DEI) requirements from the grant application criteria.
These developments raise questions about America&#8217;s ability to keep up with China&#8217;s high-speed rail advancements and the potential impact on the country&#8217;s infrastructure and transportation sectors.
READ MORE: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46460051/china-says-it-will-regulate-phenomenon-of-irrational-competition-amid-ev-price-war-report">China Says It Will Regulate &#8216;Phenomenon Of Irrational Competition&#8217; Amid EV Price War: Report </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

FSTR

3M, Caterpillar, Cummins To Visit Beijing For Rail Supply Chain Talks As China Takes A Dig At US High-Speed Rail Delays

AI isn&#8217;t just consuming the world; it&#8217;s poised to devour the power grid. Big tech companies such as Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) are <a href="https://www.benzinga.com/markets/tech/25/07/46471676/meta-palantir-amazon-ai-datacenter-growth">going all-in on artificial intelligence</a>, fueling a historic development of data center infrastructure. For ETF investors, that implies it&#8217;s time to move beyond Nvidia and begin focusing on the literal power behind the machine.
Goldman Sachs projects that global data center electricity demand will increase by 165% by 2030, making them among the world&#8217;s top 10 consumers of electricity. With capex cycles of $100 billion-plus underway, <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">power generation-related ETFs</a>, infrastructure ETFs, and digital real estate ETFs are in play.
<h2 class="wp-block-heading">Power &amp; Utilities</h2>
With U.S. data-center electricity consumption set to surge, utility ETFs may enjoy long-term tailwinds.
Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) – owns large, regulated utilities such as NextEra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) and Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), which may benefit from AI-fueled load growth.
First Trust Nasdaq Clean Edge Smart Grid Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) – provides exposure to the firms upgrading the electrical grid, from smart meters to transmission technology. Johnson Controls International Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), Eaton Corporation Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) and ABB Ltd (OTCPK: ABBNY) hold the largest chunks of the fund&#8217;s holdings.
Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) – becomes more relevant since Goldman projects 25–30% of new generation will be provided by solar.
These funds provide investors with a diversified holding in the enormous re-wiring that AI will require.
<h2 class="wp-block-heading">Infrastructure &amp; Industrials</h2>
Behind each <a href="https://www.benzinga.com/topic/artificial-intelligence">AI cluster</a> lies a concrete-intensive reality: HVACs, substations, turbines, and a substantial amount of steel. Infrastructure-based ETFs provide a straight shot at the buildout:
Global X U.S. Infrastructure Development ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PAVE#BATS">PAVE</a>) – has holdings such as Eaton and Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), all related to power systems and data construction.
iShares U.S. Industrials ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYJ#BATS">IYJ</a>) – has holdings in Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Eaton, and Emerson Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), essential providers of backup power and cooling systems.
Meta alone intends to construct two multi-gigawatt clusters of AI, pointing to a multi-year infrastructure-driven growth.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/07/46382291/mark-zuckerberg-poaches-sam-altmans-talent-with-multimillion-dollar-offers-to-build-metas-ai-team">Mark Zuckerberg Poaches Sam Altman&#8217;s Talent With Multimillion-Dollar Offers To Build Meta&#8217;s AI Team</a>
<h2 class="wp-block-heading">Digital Infrastructure &amp; REITs</h2>
As demand for data centers goes parabolic, real estate investment trusts (REITs) and digital infrastructure players are observing that narrowing supply-demand dynamics are propelling margins:
Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) – more general exposure to REITs, with substantial stakes in digital infra. This ETF offers a long-term perspective on the physical and digital infrastructure supporting AI growth.
<h2 class="wp-block-heading">Quick Background: Why Now?</h2>
Goldman Sachs estimates that global data center demand will reach 92 GW by 2027, a 50% increase from late 2025, largely due to AI. Meta&#8217;s future Prometheus (1 GW) and Hyperion (5 GW) clusters indicate the size of things to come. Amazon and Palantir are also spending significant amounts on compute infrastructure.
Meanwhile, firms such as Caterpillar and Cummins (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) are experiencing billions of dollars&#8217; worth of new orders for data center-related generators, and Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) has just increased its AI-related revenue estimate by $1 billion.
The AI revolution is being built from the ground up. From server racks to solar panels, the buildout of the data center is producing new champions across industries. And the wisest way to gain diversified exposure may very well be through ETFs that are quietly driving the next wave of AI.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/07/46477250/invescos-new-etf-wants-to-save-the-planet-profitably">Invesco&#8217;s New ETF Wants To Save The Planet—Profitably</a></li>
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Photo: Shutterstock

Sector ETFs

Specialty ETFs

ABBNY

First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund

GRID

iShares Trust Dow Jones US Industrial Sector Index Fund

PAVE

SIMS

XLRE

Meta, Amazon, Palantir Fuel AI Data Center Boom — ETFs Are The Sleeper Bet

A global buildout of datacenter infrastructure is charging ahead to meet the immense computing power needed for AI ambitions by tech giants like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)<a href="https://www.benzinga.com/tech"> and others. </a>
Goldman Sachs now expects global datacenter demand to soar 50% by 2027, setting the stage for a massive expansion in power generation and infrastructure investment across the AI value chain.
In a note shared this week, the firm analyst James Schneider projected that global datacenter demand will jump from 62 gigawatts (GW) in the second half of 2025 to 92 GW by 2027—a 50% increase in just over two years. AI workloads are expected to drive that growth, expanding their share of total demand from 13% to 28% by 2027, while traditional workloads shrink to 21%.
Overall, Goldman expects global datacenter power demand to rise 165% by 2030, a shift so large that, if isolated, it would place datacenters among the world's top 10 electricity consumers.
<h2 class="wp-block-heading">Can Supply Keep Up?</h2>
Datacenter supply is projected to grow nearly as fast, with global capacity rising from 68 GW today to 137 GW by 2030—a 15% compound annual growth rate. 
But power constraints are looming. In the U.S., where datacenters already consume 4% of electricity, Goldman forecasts that share to more than double by the end of the decade.
Meeting that power need will require 72 GW of new generation capacity, with 25%-30% likely coming from solar and 30% each from combined-cycle and peaker natural gas plants. 
Adding momentum to the datacenter arms race, Meta CEO Mark Zuckerberg recently posted on Threads that the company is building two multi-gigawatt AI clusters: Prometheus, a 1 GW supercluster expected in 2026, and Hyperion, which could deliver at least 5 GW of compute capacity by 2030.
"We&#8217;re… going to invest hundreds of billions of dollars into compute to build superintelligence," Zuckerberg wrote.
Bank of America analyst Justin Post said the statement "signals to the Street that the AI capex cycle is far from over." Post raised his 2026 Meta capex estimate by $6 billion and now expects $229 billion in total capex spend from 2025 to 2027.
<h2 class="wp-block-heading">Who Benefits From The Datacenter Boom?</h2>
According to Goldman, datacenter operators such as Digital Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) and Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) are positioned to sustain profitability above historic levels. The tight supply-demand balance also benefits infrastructure and industrial players.
Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) now sees 35% of its power generation sales linked to datacenters, while Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) generates about $2.8 billion annually from the segment. Together, they&#8217;re projected to supply 6–7 GW in backup generator capacity this year.
Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) raised its fiscal 2025 AI-related revenue forecast to $8.5 billion, up from $7.5 billion in the prior quarter, citing strong demand and near-peak utilization at some factories.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46466318/nvidias-a-startup-with-apples-margins-amds-just-priced-like-one">Nvidia&#8217;s A Startup With Apple&#8217;s Margins &#8211; AMD&#8217;s Just Priced Like One</a></li>
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Photo: KM Stock/Shutterstock

Meta, Palantir, Amazon Are All-In On AI—Can Datacenters Keep Up?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Piper Sandler raised Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) price target from $48 to $50. Piper Sandler analyst Mark Lear maintained a Neutral rating. Occidental Petroleum shares closed at $45.35 on Wednesday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities cut the price target for MFA Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFA#NYSE">MFA</a>) from $12 to $11. JMP Securities analyst Mikhail Goberman maintained a Market Outperform rating. MFA Financial shares closed at $9.32 on Wednesday. <a href="https://www.benzinga.com/quote/MFA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Monarch Casino &amp; Resort, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) price target from $81 to $92. Stifel analyst Jeffrey Stantial maintained a Hold rating. Monarch Casino &amp; Resort shares closed at $87.36 on Wednesday. <a href="https://www.benzinga.com/quote/MCRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted the price target for Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from $58 to $72. Truist Securities analyst Matthew Coad maintained a Buy rating. Affirm shares closed at $67.21 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from $395 to $483. Oppenheimer analyst Kristen Owen maintained an Outperform rating. Caterpillar shares closed at $412.88 on Wednesday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $200 to $235. Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating. Boeing shares settled at $229.90 on Wednesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein increased Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $1,200 to $1,390. Bernstein analyst Laurent Yoon maintained an Outperform rating. Netflix shares closed at $1,250.31 on Wednesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) price target from $290 to $305. B of A Securities analyst Ken Hoexter maintained a Buy rating. Norfolk Southern shares closed at $260.32 on Wednesday.  <a href="https://www.benzinga.com/quote/NSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) from $64 to $55. Baird analyst Craig Kennison maintained an Outperform rating. Copart shares settled at $45.98 on Wednesday. <a href="https://www.benzinga.com/quote/CPRT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $337 to $336. B of A Securities analyst Joshua Shanker maintained a Buy rating. Progressive shares closed at $246.46 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NFLX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/NFLX/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17092630/image-224-1024x562.png" alt="" class="wp-image-989784" style="width:565px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17092630/image-224-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17092630/image-224-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17092630/image-224-768x422.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17092630/image-224.png 1151w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Netflix To Rally More Than 11%? Here Are 10 Top Analyst Forecasts For Thursday

Oppenheimer analyst Kristen Owen maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Outperform and raises the price target from $395 to $483.

Oppenheimer Maintains Outperform on Caterpillar, Raises Price Target to $483

Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) has outperformed the market over the past 5 years by 10.66% on an annualized basis producing an average annual return of 24.5%. Currently, Caterpillar has a market capitalization of $191.02 billion. 
Buying $1000 In CAT: If an investor had bought $1000 of CAT stock 5 years ago, it would be worth $3,016.86 today based on a price of $406.16 for CAT at the time of writing.
<h3>Caterpillar's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752680712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Caterpillar Stock In The Last 5 Years

In the current market session, Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) stock price is at $405.32, after a 0.15% decrease. However, over the past month, the company's stock went up by 13.03%, and in the past year, by 12.12%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1752505249_0.png" alt="Past Year Chart" />

<h3>A Look at Caterpillar P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 19.44 in the Machinery industry, Caterpillar Inc. has a higher P/E ratio of 19.8. Shareholders might be inclined to think that Caterpillar Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1752505249_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Caterpillar

Caterpillar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) short percent of float has risen 3.08% since its last report. The company recently reported that it has 6.30 million shares sold short, which is 1.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.12 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Caterpillar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752242424_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Caterpillar has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Caterpillar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Caterpillar's peer group average for short interest as a percentage of float is 6.04%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

What's Driving the Market Sentiment Around Caterpillar?

JP Morgan analyst Tami Zakaria maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Overweight and raises the price target from $395 to $475.

JP Morgan Maintains Overweight on Caterpillar, Raises Price Target to $475

Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">4</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Caterpillar, revealing an average target of $378.0, a high estimate of $500.00, and a low estimate of $283.00. Marking an increase of 6.87%, the current average surpasses the previous average price target of $353.69. 
<img src="https://www.benzinga.com/files/images/story/2025/1752069661_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Caterpillar by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rob Wertheimer</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$500.00</td>
<td>-</td>
</tr>
<tr>
<td>Kyle Menges</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$420.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$414.00</td>
<td>$396.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$422.00</td>
<td>$395.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$373.00</td>
<td>$375.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$357.00</td>
<td>$272.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$395.00</td>
<td>$309.00</td>
</tr>
<tr>
<td>Kyle Menges</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$370.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$331.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$396.00</td>
<td>$389.00</td>
</tr>
<tr>
<td>Kristen Owen</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$395.00</td>
<td>-</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$309.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$325.00</td>
<td>$357.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$283.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$380.00</td>
<td>$490.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Caterpillar. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Caterpillar compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Caterpillar's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Caterpillar's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CAT/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Caterpillar analyst ratings.</a>
<h2>Unveiling the Story Behind Caterpillar</h2>
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy &amp; transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
<h3>Caterpillar's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Challenges: Caterpillar's revenue growth over 3M faced difficulties. As of 31 March, 2025, the company experienced a decline of approximately -9.81%. This indicates a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Caterpillar's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.06%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Caterpillar's ROE excels beyond industry benchmarks, reaching 10.67%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.32%, the company showcases effective utilization of assets.
Debt Management: Caterpillar's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.14, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Caterpillar Stock: Analyst Perspectives (15 Ratings)

Melius Research analyst Rob Wertheimer upgrades Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from Hold to Buy and announces $500 price target.

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:18 PMJul 30, 2025	CALL	$440.00	Sep 19, 2025	49	567	500	153	370	TRADE	BULLISH
02:58 PMJul 25, 2025	PUT	$440.00	Dec 17, 2027	868	190	190	Infinity	0	TRADE	BEARISH
12:20 PMJul 23, 2025	CALL	$500.00	Dec 17, 2027	868	150	149	7500	2	SWEEP	BULLISH
09:34 AMJul 23, 2025	PUT	$400.00	Jan 16, 2026	168	500	500	61	826	SWEEP	BULLISH