New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves

Learn More

Dutch Pension Fund ABP Sells Its $454.43 Million Holding in Caterpillar Inc. (CAT); Oppenheimer Reiterated Its Outperform Rating

By Faheem Tahir | October 08, 2025, 10:04 AM

Caterpillar Inc. (NYSE:CAT) is one of the 10 Best Non-Tech Stocks to Buy According to Reddit, supported by hedge fund interest.

Dutch Pension Fund ABP Sells Its $454.43 Million Holding in Caterpillar Inc. (CAT); Oppenheimer Reiterated Its Outperform Rating

According to national broadcaster NOS, Dutch pension fund ABP stated on October 1 that it has sold its $454.43 million holding in Caterpillar Inc. (NYSE:CAT), citing the company’s new sustainability policy centered on “socially responsible” investments.

Following previous UN warnings about Caterpillar Inc. (NYSE:CAT)’s bulldozers being used to demolish buildings in Palestinian territory, the decision was made. Moreover, this divestment demonstrates the increased scrutiny surrounding ESG, which may have an impact on investor sentiment.

But a few days prior, on September 29, Oppenheimer reiterated its Outperform rating and increased its price target for Caterpillar Inc. (NYSE:CAT) from $480 to $513. The company positioned Caterpillar Inc. (NYSE:CAT) as its “top pick” in the construction industry, citing data center demand as well as favorable macrotrends like the Federal Reserve’s rate-cutting cycle.

Serving clients worldwide in the energy, infrastructure, and resource sectors, Caterpillar Inc. (NYSE:CAT) is a top producer of engines, industrial turbines, and equipment for mining and construction. It is one of the Best Non-Tech Stocks.

While we acknowledge the potential of CAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Best Gold Royalty and Small-Cap Gold Stocks to Invest in Now and 11 Best Coal Stocks to Buy According to Hedge Funds.

Disclosure: None.

Mentioned In This Article

Latest News

2 hours
2 hours
5 hours
6 hours
Oct-07
Oct-06
Oct-03
Oct-03
Oct-02
Oct-02
Oct-01
Sep-30
Sep-30
Sep-29
Sep-29