Caterpillar Inc. (NYSE:CAT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,892 shares of the industrial products company's stock after selling 1,080 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Caterpillar were worth $40,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter worth $31,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Caterpillar during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a research report on Thursday, May 1st. Truist Financial increased their target price on Caterpillar from $396.00 to $414.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $272.00 to $357.00 in a report on Friday, May 16th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.83.

Insider Activity at Caterpillar

In related news, Director David Maclennan purchased 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased 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 directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 0.9%

NYSE:CAT traded up $3.30 during trading hours on Friday, hitting $385.18. The stock had a trading volume of 4,445,249 shares, compared to its average volume of 2,521,036. The company has a market cap of $181.44 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37. The business has a 50 day simple moving average of $342.13 and a two-hundred day simple moving average of $346.17. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results 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). 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 analyst estimates of $14.64 billion. During the same period in the previous year, the business posted $5.60 earnings per share. Caterpillar's revenue for the quarter was down 9.8% on a year-over-year basis. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm 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 is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.57%. Caterpillar's payout ratio is 27.49%.

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.