Commerzbank Aktiengesellschaft FI Increases Position in Caterpillar Inc. (NYSE:CAT)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 38.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,829 shares of the industrial products company’s stock after purchasing an additional 507 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Caterpillar were worth $541,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. PSI Advisors LLC boosted its position in shares of Caterpillar by 12.8% during the fourth quarter. PSI Advisors LLC now owns 2,664 shares of the industrial products company’s stock valued at $787,000 after buying an additional 303 shares during the period. Cetera Trust Company N.A purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $106,000. Handelsbanken Fonder AB boosted its position in shares of Caterpillar by 20.5% during the fourth quarter. Handelsbanken Fonder AB now owns 163,201 shares of the industrial products company’s stock valued at $48,254,000 after buying an additional 27,779 shares during the period. CWM LLC boosted its position in shares of Caterpillar by 34.3% during the fourth quarter. CWM LLC now owns 48,288 shares of the industrial products company’s stock valued at $14,277,000 after buying an additional 12,324 shares during the period. Finally, First Command Advisory Services Inc. raised its stake in shares of Caterpillar by 2.7% during the fourth quarter. First Command Advisory Services Inc. now owns 2,891 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock valued at $14,509,306 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

NYSE CAT opened at $354.67 on Monday. The firm’s fifty day simple moving average is $346.70 and its two-hundred day simple moving average is $298.22. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm has a market capitalization of $177.12 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same period in the previous year, the company earned $3.86 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Truist Financial assumed coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. TD Cowen boosted their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Morgan Stanley began coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus price target of $307.56.

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.