DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,187 shares of the industrial products company's stock after buying an additional 38,497 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Caterpillar were worth $34,530,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CAT. Principal Financial Group Inc. boosted its position in Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after purchasing an additional 5,371 shares during the last quarter. Fulton Bank N.A. grew its position in Caterpillar by 93.9% during the fourth quarter. Fulton Bank N.A. now owns 3,414 shares of the industrial products company's stock valued at $1,238,000 after buying an additional 1,653 shares during the period. First Hawaiian Bank increased its holdings in Caterpillar by 103.3% during the fourth quarter. First Hawaiian Bank now owns 2,960 shares of the industrial products company's stock valued at $1,074,000 after buying an additional 1,504 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in Caterpillar by 1.3% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,644 shares of the industrial products company's stock worth $959,000 after acquiring an additional 35 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in shares of Caterpillar by 3.6% during the 4th quarter. Fortitude Family Office LLC now owns 1,474 shares of the industrial products company's stock worth $535,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.
Caterpillar Stock Performance
NYSE:CAT traded up $16.93 during mid-day trading on Monday, reaching $342.55. 4,589,933 shares of the stock were exchanged, compared to its average volume of 2,631,332. The stock has a market capitalization of $161.36 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The company has a 50 day simple moving average of $316.76 and a 200-day simple moving average of $354.96. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same quarter in the previous year, the business earned $5.60 EPS. Caterpillar's revenue for the quarter was down 9.8% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 27.49%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CAT shares. Citigroup increased their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Baird R W upgraded Caterpillar from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 1st. Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target on the stock in a report on Thursday, May 1st. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Evercore ISI boosted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and a consensus target price of $370.67.
Get Our Latest Stock Analysis on Caterpillar
Insider Buying and Selling at Caterpillar
In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Maclennan bought 375 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.
Caterpillar Profile
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Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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