Amundi 13F: Adds $536M to Caterpillar (CAT) Stake

Amundi Raises Stake in Caterpillar Inc.

Institutional investor Amundi added to its heavy machinery portfolio by lifting its position in Caterpillar Inc. NYSE:CAT during the period. A Form 13F filing with the Securities and Exchange Commission shows the firm boosted its holdings by 503,497 shares. That brought its total investment to 2,217,637 shares valued at approximately $2.36 billion.

Inside Amundi's Portfolio Move

The reported transaction represents a 29.3% increase from the prior holding of 1,714,140 shares. Because 13F filings look backward to past quarters, this snapshot reflects holdings as of the reporting date and might not represent the fund's current position today. The cost basis for the period was listed at $369.33 per share.

Caterpillar Stock Trades Near Peak Levels

Caterpillar shares have experienced strong upward momentum, trading near the spot price of $1,064.90. The heavy equipment maker's stock sits near its 52-week high of $1,073.46, climbing well above its 50-day moving average of $815.28 and its 200-day moving average of $804.97. With a market capitalization of $338.16 billion and a forward P/E ratio of 22.57, the industrial giant continues to draw heavy institutional interest.

Recent Earnings and Dividends

For its most recent reporting period, Caterpillar generated $74.73 billion in revenue, showing a revenue growth rate of 24.0%. The company posted earnings of $23.23 per share alongside a net margin of 14.5% and a return on equity of 57.0%. Shareholders also receive an annual dividend yielding 0.89%, backed by a dividend payout ratio of 26.0%. The next earnings release is scheduled for October 29, 2026.

Insider Buying and Selling at Caterpillar Inc.

Company leaders have added to their personal holdings over the summer and fall. On June 26, 2026, Chief Executive Officer Joseph Creed purchased 16 shares at a price of $997.47 for a total of $15,959.52. Chief Financial Officer Kyle Epley bought 6 shares on the same day at $997.47 totaling $5,984.82, while Group President Jason Kaiser picked up 5 shares at $997.47 worth $4,987.35. Later on June 30, 2026, David Maclennan acquired 22 shares at $1,055.33 for a total of $23,217.26.

Wall Street Analyst Outlook

Analyst firms have frequently reviewed their targets as the share price climbed. On August 5, 2026, UBS maintained its Neutral rating with a $925.00 target, while Truist Securities kept a Buy rating and set a target of $1,225.00. Barclays maintained an Equal-Weight rating with a $900.00 target on August 6, 2026, and DA Davidson kept a Neutral rating with an $882.00 target. Evercore ISI Group maintained an Outperform rating at $1,045.00 on August 11, 2026. Freedom Broker upgraded the stock to a Buy with a $980.00 target on September 10, 2026. Later in the autumn, Truist Securities maintained a Buy rating on October 5, 2026, adjusting its target to $1,100.00, and Citigroup maintained a Buy rating with a $950.00 target on October 12, 2026. The stock currently holds a consensus Buy recommendation with a mean price target of $951.11 across 26 analyst opinions.

Heavy Equipment Leadership

Headquartered in Irving, Texas, Caterpillar manufactures construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The firm operates massive global segments spanning resource industries, energy and transportation, and financial products to support infrastructure projects worldwide.

What to Watch at Caterpillar Inc.

Investors tracking Amundi and other large institutional filers will look toward the upcoming October earnings report for further details on cash flow and equipment demand. Future filings will reveal whether major asset managers maintain or adjust their positions as the stock trades near historic highs. This overview is for informational purposes only and does not constitute financial advice.