XTX Topco Ltd Grows Holdings in Caterpillar Inc. (NYSE:CAT)

Key Points

• XTX Topco Ltd significantly increased its stake in Caterpillar Inc., acquiring 2,809 shares and growing its holdings by 294.4%, with a total value of approximately $1,241,000.
• Research analysts have mixed views on Caterpillar's stock, with price targets ranging from $272.00 to $419.33 and a consensus rating of "Moderate Buy".
• Caterpillar has announced a quarterly dividend increase from $1.41 to $1.51, with the dividend yield now at 1.4%.

XTX Topco Ltd boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 294.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,763 shares of the industrial products company's stock after purchasing an additional 2,809 shares during the period. XTX Topco Ltd's holdings in Caterpillar were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 valued at $1,429,416,000 after purchasing an additional 312,878 shares during the period. GAMMA Investing LLC lifted its position in Caterpillar by 43,447.3% during 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 purchasing an additional 3,721,693 shares during the period. Dimensional Fund Advisors LP lifted its position in Caterpillar by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,181,535 shares of the industrial products company's stock valued at $1,154,174,000 after purchasing an additional 82,579 shares during the period. Finally, Invesco Ltd. lifted its position in Caterpillar by 0.3% during the fourth quarter. Invesco Ltd. now owns 2,991,403 shares of the industrial products company's stock valued at $1,085,161,000 after purchasing an additional 9,212 shares during the period. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In related news, Director David Maclennan purchased 375 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

CAT stock traded up $5.52 on Monday, hitting $434.21. The company's stock had a trading volume of 4,055,586 shares, compared to its average volume of 2,735,397. The firm has a 50 day moving average of $385.66 and a two-hundred day moving average of $354.03. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15. The stock has a market cap of $204.53 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.68 and a beta of 1.40. 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 Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 annualized dividend and a yield of 1.4%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is presently 29.43%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CAT shares. Barclays increased their price target on shares of Caterpillar from $335.00 to $383.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Bank of America increased their price target 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. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Evercore ISI decreased their price target on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average target price of $419.33.

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.