Caterpillar agrees to buy Fabick dealer and Caterpillar stock has 26 targets

Published on 10/01/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 24.00 percent to USD 20.50 billion in the second quarter of 2026. Caterpillar stock costs EUR 722.60 on October 1, 2026 after EUR 718.10.

Bulldozer und Bagger auf Baustelle bei Sonnenuntergang, orange-graue Baumaschinen — Fotorealistisches Baustellenbild passend zu Caterpillar Inc. (ISIN US1491231015), Bulldozer und Bagger bei Sonnenuntergang, Illustration mit AI erstellt.

Caterpillar stock (ISIN US1491231015) was trading at EUR 722.60 at Lang & Schwarz on October 1, 2026 at 12:06 p.m. CEST, up 0.63 percent from the EUR 718.10 prior close. On September 29, 2026, Caterpillar agreed to acquire John Fabick Tractor Company, while Investing.com listed 26 analysts covering the stock.

Fabick deal expands dealer control

According to PR Newswire on September 29, 2026, Caterpillar entered an agreement to acquire John Fabick Tractor Company, a Cat dealer serving parts of Missouri and Illinois, all of Wisconsin and Michigan's Upper Peninsula. The transaction requires regulatory approval and is expected to close within 30 days.

The acquisition gives Caterpillar direct control over a dealer with more than 100 years of customer relationships. That matters because the company sells much of its machinery and power systems through independently owned dealers, making dealer coverage a practical part of its aftermarket strategy.

Second-quarter figures set a high bar

Caterpillar's second-quarter 2026 sales and revenues rose 24.00 percent year over year to USD 20.50 billion, according to the company's earnings call transcript published by Yahoo Finance. Adjusted profit per share increased 73.00 percent to USD 8.17, and adjusted operating margin reached 21.90 percent.

The same transcript shows a USD 72.00 billion backlog at the end of the second quarter, up USD 9.00 billion sequentially and 92.00 percent from the second quarter of 2025. Management raised its full-year 2026 sales and revenues outlook to mid-to-high-teens growth and expects MP&E free cash flow in the top half of its USD 6.00 billion to USD 15.00 billion target range.

Analyst targets remain above the quote

MarketBeat reported on September 26, 2026 that the average 12-month analyst target was USD 994.38, based on coverage from 26 analysts. The target is in a different currency from the Lang & Schwarz quote and therefore is not combined with the euro price.

Investing.com lists November 4, 2026 as Caterpillar's next quarterly results date. The upcoming report will test whether the second-quarter sales growth and the USD 72.00 billion backlog can support the raised full-year outlook.

Stock holds above prior close

Caterpillar's market capitalization was USD 373.5 billion on October 1, 2026, while its 52-week range was USD 471.14 to USD 1,073.46. The current euro quote therefore sits below the prior close by reference to its own Lang & Schwarz session, while the primary-exchange figures remain separate dollar-denominated context.

At Lang & Schwarz, Caterpillar stock was trading at EUR 722.60 on October 1, 2026 at 12:06 p.m. CEST, plus 0.63 percent versus the prior close of EUR 718.10 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Caterpillar stock.