Deutsche Bank AG Has $568.11 Million Position in Caterpillar Inc. (NYSE:CAT)

Deutsche Bank AG lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,566,063 shares of the industrial products company's stock after selling 149,789 shares during the quarter. Deutsche Bank AG owned 0.32% of Caterpillar worth $568,105,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Driehaus Capital Management LLC grew its holdings in shares of Caterpillar by 22.1% during the 4th quarter. Driehaus Capital Management LLC now owns 1,114 shares of the industrial products company's stock valued at $404,000 after acquiring an additional 202 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Caterpillar by 67.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 95,187 shares of the industrial products company's stock worth $34,530,000 after purchasing an additional 38,497 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Caterpillar by 21.3% in the fourth quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock worth $75,000 after purchasing an additional 36 shares in the last quarter. Eagle Global Advisors LLC boosted its position in Caterpillar by 1.3% during the fourth quarter. Eagle Global Advisors LLC now owns 30,142 shares of the industrial products company's stock worth $10,934,000 after purchasing an additional 375 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of Caterpillar by 41.2% in the fourth quarter. Colonial Trust Co SC now owns 4,570 shares of the industrial products company's stock worth $1,658,000 after buying an additional 1,334 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target for the company in a report on Thursday, May 1st. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $377.83.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan purchased 375 shares of the stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

NYSE:CAT traded up $11.40 during trading hours on Tuesday, hitting $353.95. 2,238,578 shares of the company were exchanged, compared to its average volume of 2,629,983. The company's 50 day moving average price is $316.84 and its 200-day moving average price is $354.65. The stock has a market capitalization of $166.73 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.87 and a beta of 1.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $5.60 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

Caterpillar Company Profile

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.