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Achmea Investment Management B.V. Has $39.95 Million Stake in Caterpillar Inc. (NYSE:CAT)

Caterpillar logo with Industrials background

Achmea Investment Management B.V. grew its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 11.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 121,134 shares of the industrial products company's stock after acquiring an additional 12,516 shares during the period. Achmea Investment Management B.V.'s holdings in Caterpillar were worth $39,950,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Caterpillar during the fourth quarter worth $2,184,364,000. GAMMA Investing LLC increased its holdings in Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the last quarter. Capital Research Global Investors raised its position in shares of Caterpillar by 69.3% during the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Caterpillar during the 4th quarter worth $353,231,000. Finally, Proficio Capital Partners LLC boosted its position in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after purchasing an additional 803,166 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In other news, Director David Maclennan bought 375 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on CAT. DA Davidson upped their price target on shares of Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective on the stock in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Citigroup reissued a "buy" rating and set a $420.00 price objective (up from $370.00) on shares of Caterpillar in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.83.

Get Our Latest Stock Analysis on CAT

Caterpillar Price Performance

Shares of NYSE CAT traded up $3.85 during mid-day trading on Monday, reaching $388.56. 2,726,678 shares of the company traded hands, compared to its average volume of 2,703,383. The firm has a market cap of $183.03 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The stock has a fifty day simple moving average of $342.13 and a 200-day simple moving average of $345.93.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the prior year, the business earned $5.60 EPS. The company's quarterly revenue was down 9.8% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Monday, July 21st. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is 27.49%.

Caterpillar Profile

(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.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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