UBS Upgrades Caterpillar’s Outlook Amid Market Analysis

Fintel reports that on May 16, 2025, UBS upgraded their outlook for Caterpillar (WBAG:CAT) from Sell to Neutral.

Analyst Price Forecast Indicates Potential Decline

As of April 4, 2023, the average one-year price target for Caterpillar stands at €218.28 per share. Forecasts range from a low of €143.42 to a high of €291.90. This average target suggests a decline of 30.37% from its latest closing price of €313.50 per share.

Projected Financial Performance

The anticipated annual revenue for Caterpillar is projected at €69,635 million, reflecting a growth of 10.08%. The expected non-GAAP EPS is €19.72.

Current Fund Sentiment

A total of 3,938 funds and institutions are reporting positions in Caterpillar. This marks a decrease of 16 holders, or 0.40%, compared to the last quarter. The average portfolio weight of all funds allocated to CAT has increased by 8.92%, now standing at 0.40%. Additionally, total shares owned by institutions decreased by 3.59% in the past three months, totaling 372,206,000 shares.

Notable Shareholder Activities

State Farm Mutual Automobile Insurance currently holds 17,669,000 shares, indicating a 3.76% ownership of the company. Their previous filing showed ownership of 17,734,000 shares, representing a decrease of 0.37%. The firm has reduced its portfolio allocation in CAT by 42.94% over the last quarter.

The VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 15,125,000 shares, which translates to 3.22% ownership of the company. In the prior filing, they reported owning 15,368,000 shares, reflecting a decrease of 1.61%. The firm also decreased its portfolio allocation in CAT by 10.05% over the last quarter.

Furthermore, VFINX – Vanguard 500 Index Fund Investor Shares holds 13,069,000 shares, representing 2.78% ownership. Their last filing indicated 12,700,000 shares owned, thus showing an increase of 2.82%. Portfolio allocation in CAT has, however, decreased by 9.70% over the last quarter.

Geode Capital Management possesses 10,517,000 shares, equating to 2.24% ownership, with an increase of 0.64% from the previous report of 10,450,000 shares. However, their portfolio allocation in CAT has seen a significant drop of 50.90% over the last quarter.

Lastly, Fisher Asset Management holds 9,210,000 shares, indicating a 1.96% ownership of Caterpillar. Their previous file documented 9,082,000 shares, leading to an increase of 1.39%. Their portfolio allocation in CAT saw a slight increase of 0.31% over the last quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.