State Street Amends Caterpillar Stake Filing
Ticker: CAT · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 18230
| Field | Detail |
|---|---|
| Company | Caterpillar Inc (CAT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its passive stake in Caterpillar, showing continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Caterpillar Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant, though passive, stake in the construction machinery giant. This matters to investors as State Street's large holdings can influence stock stability and signal institutional confidence in Caterpillar's long-term prospects.
Why It Matters
This filing confirms State Street's ongoing substantial, passive investment in Caterpillar, which can provide a degree of stability to the stock and reflects institutional confidence.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note that State Street Corporation continues to hold a significant, passive stake in Caterpillar, suggesting long-term institutional confidence. This filing is a routine update and doesn't signal any immediate need for action, but it reinforces the stability provided by large institutional ownership.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Caterpillar Inc. (company) — the subject company whose common stock is being reported
- 04-2456637 (number) — State Street Corporation's IRS Identification Number
- 149123101 (number) — CUSIP number for Caterpillar Inc. Common Stock
- December 31, 2023 (date) — the date of the event requiring this filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the document title and form type.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated on Page 2 of 7 under 'NAME OF REPORTING PERSON'.
What is the subject company whose securities are being reported?
The subject company is CATERPILLAR INC, as indicated under 'NAME OF ISSUER' on the first page of the Schedule 13G.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Caterpillar Inc. is 149123101, as listed on the cover page and Page 2 of 7.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was 12/31/2023, as specified on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding CATERPILLAR INC (CAT).