Van Lanschot Kempen Investment Management N.V. Buys 1,353 Shares of Caterpillar Inc. $CAT

Key Points

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Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,947 shares of the industrial products company's stock after buying an additional 1,353 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Caterpillar were worth $17,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Berkshire Asset Management LLC PA boosted its holdings in Caterpillar by 11.4% in the first quarter. Berkshire Asset Management LLC PA now owns 3,915 shares of the industrial products company's stock valued at $1,269,000 after acquiring an additional 402 shares during the last quarter. CWS Financial Advisors LLC raised its position in shares of Caterpillar by 29.9% during the first quarter. CWS Financial Advisors LLC now owns 1,304 shares of the industrial products company's stock worth $430,000 after purchasing an additional 300 shares during the period. Colonial Trust Advisors raised its position in shares of Caterpillar by 0.4% during the first quarter. Colonial Trust Advisors now owns 17,145 shares of the industrial products company's stock worth $5,655,000 after purchasing an additional 71 shares during the period. RWA Wealth Partners LLC raised its position in Caterpillar by 44.5% in the 1st quarter. RWA Wealth Partners LLC now owns 95,599 shares of the industrial products company's stock valued at $31,529,000 after buying an additional 29,448 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Caterpillar by 29.0% in the 1st quarter. Wellington Management Group LLP now owns 114,742 shares of the industrial products company's stock valued at $37,842,000 after buying an additional 25,806 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent analyst reports. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Barclays raised their target price on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Truist Financial raised their target price on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Finally, Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $450.87.

Caterpillar Trading Up 4.1%

Caterpillar stock traded up $17.1140 during trading hours on Friday, reaching $435.0040. The company had a trading volume of 3,784,363 shares, compared to its average volume of 3,368,960. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The company has a 50-day moving average price of $405.71 and a 200 day moving average price of $357.81. The firm has a market cap of $203.79 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.49 and a beta of 1.40. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. During the same period last year, the firm earned $5.99 earnings per share. Caterpillar's revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, July 21st were given a dividend of $1.51 per share. This is a boost from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, July 21st. Caterpillar's dividend payout ratio is presently 30.72%.

Insider Activity at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares of the company's stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

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.