Generali Asset Management SPA SGR trimmed its position in Caterpillar by 3.0% during Q3, selling 1,306 shares to end the period with 42,889 shares valued at $20.46 million. Other notable shifts include Norges Bank’s establishment of a new stake valued at $2.166 billion in Q2; Groupe la Francaise boosting its holdings by 82.0% to 27,246 shares worth $10.82 million; Trivium Point Advisory LLC increasing its position by 132.9% to 1,926 shares valued at $748,000; Union Bancaire Privée UBP SA adding 28,773 shares for a 155.9% gain, bringing its total to 47,231 shares worth $21.01 million; and Mirae Asset Global ETFs Holdings lifting its stake by 9.9% to 78,947 shares valued at $26.04 million. Institutional and hedge fund ownership now represents approximately 70.98% of the company’s float.

In early November, insider Bob De Lange sold 14,638 shares for a total of $8.23 million, reducing his holding by 15.43% to 80,209 shares valued at roughly $45.11 million. Director David Maclennan purchased 300 shares for $170,658, increasing his stake by 3.92% to 7,947 shares valued at $4.52 million. Company insiders have disposed of 61,895 shares worth $34.01 million over the past 90 days, and collectively hold 0.33% of the outstanding shares.

In its most recent quarter, the company reported earnings per share of $4.95, exceeding consensus estimates by $0.43, and generated revenue of $17.64 billion, up 9.5% year-over-year and topping forecasts by nearly $0.92 billion. Net margin stood at 14.34% with a return on equity of 47.16%. The board declared a quarterly dividend of $1.51 per share, payable in mid-February to shareholders of record in late January, representing an annualized payout of $6.04 per share and a dividend payout ratio of 31.01%.