8,927 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,927 shares of the industrial products company's stock, valued at approximately $3,240,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. West Wealth Group LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at about $230,000. Cadinha & Co. LLC acquired a new position in shares of Caterpillar in the fourth quarter worth approximately $11,084,000. Atomi Financial Group Inc. lifted its stake in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after acquiring an additional 871 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Caterpillar by 38.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after acquiring an additional 614 shares during the period. Finally, Zhang Financial LLC lifted its stake in shares of Caterpillar by 8.7% in the fourth quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company's stock worth $3,322,000 after acquiring an additional 736 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Down 0.3%

Shares of NYSE CAT traded down $1.13 during mid-day trading on Monday, hitting $352.45. 2,277,403 shares of the stock traded hands, compared to its average volume of 2,639,936. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The stock has a fifty day moving average price of $317.42 and a 200-day moving average price of $353.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market cap of $166.02 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm's revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $5.60 EPS. Research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 27.49%.

Insider Transactions at Caterpillar

In other news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares of the company's stock, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAT. Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. DA Davidson raised their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $272.00 to $357.00 in a research report on Friday. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $375.33.

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.