Caterpillar(US:CAT) Benzinga·2025-11-28 19:02Core Insights - Investors with significant capital have adopted a bearish outlook on Caterpillar (NYSE:CAT) as indicated by recent options trading activity [1][2] - The overall sentiment among large investors is predominantly bearish, with 69% of trades being bearish compared to 13% bullish [3] Options Trading Activity - A total of 23 uncommon options trades for Caterpillar were identified, with 2 puts amounting to $235,438 and 21 calls totaling $978,879 [2][3] - The predicted price range for Caterpillar's stock, based on options activity, is between $290.0 and $660.0 [4] Volume and Open Interest Analysis - An analysis of volume and open interest provides insights into the liquidity and interest in Caterpillar's options, particularly within the strike price range of $290.0 to $660.0 over the past 30 days [5] Recent Options Snapshot - The options snapshot reveals significant trades, including bearish calls and bullish puts, with notable trade prices and open interest levels [9] Company Overview - Caterpillar is a leading manufacturer in construction and mining equipment, with a market share approaching 20% across various products and a global reach balanced between the US and international markets [11] - The company operates through multiple segments, including construction, resource, energy, and transportation, supported by a network of over 150 dealers [11] Analyst Ratings and Price Targets - Recent analyst evaluations indicate an average price target of $642.0 for Caterpillar, with varying ratings from different firms, reflecting a mix of neutral to bullish sentiments [13][14] - Analysts from UBS, Truist Securities, Barclays, Wells Fargo, and Citigroup have provided differing price targets ranging from $555 to $729 [14] Current Stock Performance - As of the latest data, Caterpillar's stock price is $576.0, reflecting a 0.4% increase, with a trading volume of 1,018,843 [16]