BlackRock Amends Caterpillar Stake: Passive Ownership Update

TL;DR

**BlackRock updated its passive stake in Caterpillar; watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 12, 2024, indicating a change in its ownership of Caterpillar Inc. common stock as of December 31, 2023. This amendment (Amendment No. 8) shows BlackRock's updated passive investment stake in Caterpillar. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its view of Caterpillar's future performance or overall market conditions, potentially influencing other investors' decisions.

Why It Matters

Changes in major institutional holdings like BlackRock's can influence investor sentiment and stock price, as they often reflect a large fund's updated investment strategy or outlook.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate, significant risk to the company or its stock.

Analyst Insight

Investors should note BlackRock's updated passive stake in Caterpillar, but without specific percentage changes, it's primarily an informational update rather than a strong buy/sell signal. Monitor subsequent filings for more detailed ownership percentages.

Key Players & Entities

• BlackRock Inc. (company) — the entity filing the SC 13G/A, a major institutional investor
• Caterpillar Inc. (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• February 12, 2024 (date) — the date the SC 13G/A amendment was filed

FAQ

From the Filing

0001086364-24-006981.txt : 20240212 0001086364-24-006981.hdr.sgml : 20240212 20240212161719 ACCESSION NUMBER: 0001086364-24-006981 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CATERPILLAR INC CENTRAL INDEX KEY: 0000018230 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] ORGANIZATION NAME: 06 Technology IRS NUMBER: 370602744 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38237 FILM NUMBER: 24620158 BUSINESS ADDRESS: STREET 1: 5205 N. O'CONNOR BOULEVARD STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9728917700 MAIL ADDRESS: STREET 1: 5205 N. O'CONNOR BOULEVARD STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: CATERPILLAR TRACTOR CO DATE OF NAME CHANGE: 19860623 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us1491231015_021224.txt us1491231015_021224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) CATERPILLAR INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 149123101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 149123101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 29909092 (6) Shared voting power 0 (7) Sole dispositive power 33509816 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 33509816 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CATERPILLAR INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 5205 N. O'CONNOR BOULEVARD, SUITE 100, IRVING TX 75039 Item 2. 2(a) Name of person filing: --------------------------------------------------