Wells Fargo has initiated coverage on Caterpillar Inc (CAT) with an Overweight rating as of November 13, 2025. This marks the firm's first assessment of the company's investment potential based on its analysis of business fundamentals and industry dynamics.
Caterpillar, headquartered in Irving, Texas, is a leading manufacturer of construction and mining equipment, as well as diesel and natural gas engines. The company operates through several segments, including Construction Industries, Resource Industries, and Energy & Transportation, and employs approximately 112,900 people.
As of the initiation date, Caterpillar's stock trades at $554.03, with a market capitalization of $259.2 billion. The company has a trailing P/E ratio of 27.95 and an EPS of 19.49. Investors can expect upcoming earnings reports, with estimates of $5.57 per share on revenue of $17.6 billion due on August 2, 2026, and $4.34 per share on revenue of $15.9 billion on April 27, 2026.
Analyst ratings like this one provide insights based on research and financial models. While they can inform investment decisions, it is crucial to consider various factors, including company fundamentals and market conditions. Analyst opinions can evolve as new information emerges, reflecting different perspectives on the same company.