In its latest Form 13F filing with the SEC, Generali Asset Management SPA SGR trimmed its position in Caterpillar by 3.0% during the third quarter, selling 1,306 shares to end the period with 42,889 shares valued at approximately $20.46 million. This reduction reflects a modest rebalancing within its industrials allocation, though Caterpillar remains a significant holding for the firm.

Other major investors made contrasting moves in the second and third quarters. Norges Bank built a new position valued at $2.1659 billion, while Groupe la Francaise expanded its stake by 82.0% to 27,246 shares worth $10.82 million. Trivium Point Advisory increased its holdings by 132.9% to 1,926 shares ($748,000), and Union Bancaire Privee UBP SA boosted its position by 155.9% to 47,231 shares ($21.01 million). MIRAE ASSET GLOBAL ETFS added 7,125 shares in the first quarter, lifting its total to 78,947 shares valued at $26.04 million. Institutional and hedge funds now collectively own 70.98% of Caterpillar’s outstanding shares.

Insider Lange Bob De sold 14,638 shares on November 5, realizing $8.23 million and reducing his stake by 15.43% to 80,209 shares (valued at $45.11 million). Conversely, Director David Maclennan acquired 300 shares on November 6 for $170,658, increasing his holding by 3.92% to 7,947 shares ($4.52 million). Over the past 90 days, insiders have net sold 61,895 shares worth $34.01 million, representing 0.33% of the company’s stock, suggesting cautious profit-taking alongside targeted buying at the board level.

Several brokerages have raised their outlooks this month: Jefferies lifted its price target from 570.00 to 700.00, Argus from 460.00 to 625.00, Oppenheimer from 513.00 to 645.00, and Robert W. Baird from 612.00 to 680.00, while Weiss Ratings reaffirmed a Buy recommendation. Of the 24 analysts covering the company, three rate it Strong Buy, fifteen Buy, five Hold and one Sell, yielding a consensus Moderate Buy and a target of 616.00. Caterpillar’s Q3 earnings exceeded expectations with EPS of 4.95 versus consensus 4.52 and revenue of 17.64 billion above the 16.72 billion estimate. Net margin stood at 14.34% and return on equity at 47.16%, with revenues up 9.5% year-over-year. Its power generation segment grew by 31%, adding $623 million in quarterly equipment sales, further bolstering forecasts for growth in AI data center and infrastructure spending.