Stock-Split Watch: Is Caterpillar Next?

Caterpillar stock has surged 76% over the past year, touching an all-time high of $1,064 in late June, but is now trading around $820 after a 23% pullback from its peak. While the company has a history of stock splits (five times since 1976), analysts believe a near-term split is unlikely given current share prices. Strong financial performance, including record 2025 revenue of $67.6 billion and Q2 2026 revenue growth of 24%, supports the company's position as a leading industrial stock.