Wesbanco Bank Inc. Cuts Stock Position in Caterpillar Inc. $CAT

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Wesbanco Bank Inc. reduced its stake in Caterpillar Inc. by 7.7%, selling 1,757 shares and now holding 21,120 shares valued at approximately $10.08 million. This comes as Caterpillar reported strong quarterly earnings, beating expectations with $5.16 EPS and $19.13 billion in revenue, leading to the stock trading near its 52-week high. Despite recent insider selling, analysts maintain a consensus “Moderate Buy” rating with a target price of $690.90, and institutional investors own about 71% of the company’s stock.

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