ABN AMRO Bank N.V. significantly increased its stake in Caterpillar Inc. by 81% in Q3, now owning 6,105 shares worth $2.903 million. Other major investors, including Norges Bank, also reported substantial holdings, bringing institutional ownership to nearly 71%. Despite recent insider selling, analysts maintain a “Moderate Buy” rating for Caterpillar, with a consensus price target of $681.86, following strong Q4 earnings, record backlogs, and positive sales guidance driven by data center demand.
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ABN AMRO Bank N.V. Boosts Holdings in Caterpillar Inc. $CAT
ABN AMRO Bank N.V. significantly increased its stake in Caterpillar Inc. by 81% in Q3, now owning 6,105 shares worth $2.903 million. Other major investors, including Norges Bank, also reported substantial holdings, bringing institutional ownership to nearly 71%. Despite recent insider selling, analysts maintain a “Moderate Buy” rating for Caterpillar, with a consensus price target of $681.86, following strong Q4 earnings, record backlogs, and positive sales guidance driven by data center demand.