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.

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