Sienna Gestion significantly reduced its stake in Caterpillar Inc. (NYSE:CAT) by 92.5% in the third quarter, while other major institutions like Norges Bank, Massachusetts Financial Services, Marshall Wace, BNY, and Voya increased their holdings. Despite insider selling, Caterpillar exceeded earnings and revenue expectations, leading to analyst price-target upgrades and a focus on AI/autonomy and electric product initiatives. The company also announced a quarterly dividend.
Sienna Gestion Cuts Stock Holdings in Caterpillar Inc. $CAT
Sienna Gestion significantly reduced its stake in Caterpillar Inc. (NYSE:CAT) by 92.5% in the third quarter, while other major institutions like Norges Bank, Massachusetts Financial Services, Marshall Wace, BNY, and Voya increased their holdings. Despite insider selling, Caterpillar exceeded earnings and revenue expectations, leading to analyst price-target upgrades and a focus on AI/autonomy and electric product initiatives. The company also announced a quarterly dividend.