Caterpillar Inc. (NYSE:CAT) is included among the 13 Best Consistent Dividend Stocks to Buy Now.
Image by Alexsander-777 from Pixabay
On October 30, Truist raised its price target on Caterpillar Inc. to $729 from $582 while maintaining a Buy rating on the stock, as reported by The Fly. The firm expressed optimism following the company’s strong third-quarter earnings, which exceeded expectations due to higher sales and robust demand in its Energy & Transportation and Construction segments. This performance came despite tariff expenses landing at the upper end of management’s forecast, according to the analyst note.
In the third quarter of 2025, Energy & Transportation sales totaled $8.4 billion, marking a 17% increase from the same period last year. CEO Joseph Creed noted that the company’s backlog rose by approximately $2.4 billion, driven by strong orders in the Energy & Transportation division, reaching a record $39.8 billion overall.
Caterpillar Inc. is a global leader in heavy machinery and equipment manufacturing, serving industries such as construction and mining. The company also produces diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, supported by a broad dealer network spanning operations worldwide.
READ NEXT: 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts and 15 Dividend Growth Stocks with the Highest Growth Rates
