12 High Quality Stocks to Buy for the Long Term

6. Caterpillar Inc. (NYSE:CAT)

On June 10, 2026, Caterpillar Inc. (NYSE:CAT) raised its quarterly dividend by 12c, or 8%, to $1.63 per share of common stock. The dividend is payable on August 19 to shareholders of record at the close of business on July 20.

On June 2, 2026, UBS analyst Steven Fisher raised the firm’s price target on Caterpillar Inc. (NYSE:CAT) to $900 from $677 and maintained a Neutral rating on the shares. Fisher said Caterpillar is expected to benefit from strong demand in prime power generation, construction, mining, and oil and gas markets, supporting earnings growth through 2027-2029. However, UBS said much of the upside appears already reflected in the stock’s valuation following a strong Q1 beat, a substantially larger backlog, and sharply higher consensus earnings expectations.

Last month, Evercore ISI analyst David Raso raised the firm’s price target on Caterpillar Inc. (NYSE:CAT) to $1,103 from $878 and maintained an Outperform rating on the shares.

Caterpillar Inc. (NYSE:CAT) provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.

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