NYSE:CAT 25 November 2025 - 16 December 2025

Caterpillar shares traded between $588 and $606 on Monday, December 15, after dropping over 4% Friday and weighing on the Dow. The stock hovered near $590–$593 midday as investors weighed recent analyst forecasts, AI-driven power demand, and ongoing tariff pressures. The board kept the quarterly dividend at $1.51 per share, payable February 19, 2026.

Caterpillar shares closed at $616.96 on December 11, up over 12% since November 21 and more than 60% in the past year. Q3 2025 sales reached $17.6 billion, led by a 31% jump in power generation revenue for data centers. Operating margin fell to about 17–18% due to tariffs and higher manufacturing costs. The stock trades near record highs, with a forward dividend yield under 1%.

Caterpillar shares closed at $603.17 Friday, near a record high after gaining about 65% year-to-date. The company posted Q3 revenue of $17.6 billion, up 10% from a year earlier, with a record $39.8 billion backlog. Tariff costs are expected to reach up to $1.75 billion in 2025. Caterpillar also faces a new patent lawsuit from Bobcat.

Caterpillar closed November 28, 2025, at $575.76, near record highs, with a market cap around $270 billion and shares up 43.5% over 12 months. Q3 sales hit $17.6 billion, a quarterly record, as AI-fueled energy demand drove growth, but tariffs and costs cut margins. The stock trades at a premium, with a trailing P/E near 30. Backlog reached $39.9 billion, also a record.

Caterpillar shares closed near $577 on November 28, just below their 12-month high, giving the company a $269 billion market cap. New 13F filings show West Family Investments raised its stake by 30% in Q2, while Norges Bank disclosed a new position of over 5.5 million shares. CAT stock is up about 60% in 2025, leading the Dow Jones. The stock trades at roughly 29–30 times trailing earnings.