Commerzbank Aktiengesellschaft FI Has $101.71 Million Position in Caterpillar Inc. (NYSE:CAT)

Commerzbank Aktiengesellschaft FI boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,391 shares of the industrial products company's stock after buying an additional 26,147 shares during the period. Caterpillar makes up about 2.4% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 14th biggest position. Commerzbank Aktiengesellschaft FI owned approximately 0.06% of Caterpillar worth $101,707,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the period. Geode Capital Management LLC raised its holdings in Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after purchasing an additional 236,315 shares during the period. Northern Trust Corp raised its holdings in Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock worth $2,483,937,000 after purchasing an additional 724,477 shares during the period. Norges Bank acquired a new stake in Caterpillar in the fourth quarter worth $2,184,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock worth $1,429,416,000 after acquiring an additional 312,878 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan acquired 375 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director directly owned 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

Caterpillar Stock Performance

Shares of CAT traded down $4.19 during midday trading on Friday, reaching $413.88. The stock had a trading volume of 2,525,098 shares, compared to its average volume of 2,517,427. The firm has a 50 day simple moving average of $367.85 and a 200-day simple moving average of $349.43. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The firm has a market cap of $194.95 billion, a PE ratio of 20.17, a P/E/G ratio of 2.73 and a beta of 1.38. Caterpillar Inc. has a one year low of $267.30 and a one year high of $419.90.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) 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 53.77% and a net margin of 15.71%. The business's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.60 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be paid a $1.51 dividend. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 annualized dividend and a yield of 1.46%. Caterpillar's payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Citigroup reissued a "buy" rating and set a $420.00 price objective (up previously from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. Evercore ISI lowered their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research report on Monday, May 19th. Finally, Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $412.33.

Caterpillar 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.