DekaBank Deutsche Girozentrale Has $122.23 Million Stake in Caterpillar Inc. (NYSE:CAT)

DekaBank Deutsche Girozentrale lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,828 shares of the industrial products company's stock after acquiring an additional 46,225 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of Caterpillar worth $122,234,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $26,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Investment Management Corp VA ADV acquired a new stake in Caterpillar during the 4th quarter worth approximately $33,000. Curat Global LLC acquired a new stake in Caterpillar during the 1st quarter worth approximately $33,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at approximately $33,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $2.71 during trading on Tuesday, reaching $394.22. The company's stock had a trading volume of 1,996,008 shares, compared to its average volume of 2,524,689. The business's 50-day moving average price is $353.66 and its 200-day moving average price is $346.92. The firm has a market cap of $185.69 billion, a PE ratio of 19.21, a P/E/G ratio of 2.64 and a beta of 1.38. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $5.60 EPS. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, July 21st. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is 29.43%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $420.00 price objective (up from $370.00) on shares of Caterpillar in a report on Tuesday, June 24th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the company from $272.00 to $357.00 in a research note on Friday, May 16th. DA Davidson boosted their target price on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Evercore ISI lowered their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research note on Monday, May 19th. Finally, Robert W. Baird lifted 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. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $380.83.

Insider Buying and Selling

In related news, Director David Maclennan purchased 375 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, the director directly owned 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

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.