10 Best Non-Tech Stocks to Buy According to Reddit

6. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 76

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

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.