The Public Sector Pension Investment Board increased its stake in Caterpillar Inc. by 16.3% in Q3, now holding 40,433 shares valued at approximately $19.29 million, driven by strong quarterly earnings and analyst price target increases. Despite positive sentiment from AI/data-center demand and market leadership, concerns exist regarding the stock’s valuation, elevated P/E ratio, and significant insider selling. Caterpillar’s recent performance includes beating EPS and revenue estimates, achieving a 17.9% year-over-year revenue increase, and maintaining a “Moderate Buy” consensus rating from analysts with an average target price of $702.95.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Public Sector Pension Investment Board Grows Position in Caterpillar Inc. $CAT
The Public Sector Pension Investment Board increased its stake in Caterpillar Inc. by 16.3% in Q3, now holding 40,433 shares valued at approximately $19.29 million, driven by strong quarterly earnings and analyst price target increases. Despite positive sentiment from AI/data-center demand and market leadership, concerns exist regarding the stock’s valuation, elevated P/E ratio, and significant insider selling. Caterpillar’s recent performance includes beating EPS and revenue estimates, achieving a 17.9% year-over-year revenue increase, and maintaining a “Moderate Buy” consensus rating from analysts with an average target price of $702.95.