DekaBank Deutsche Girozentrale lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 179,892 shares of the industrial products company’s stock after buying an additional 10,598 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Caterpillar were worth $32,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CAT. HBC Financial Services PLLC acquired a new position in Caterpillar during the fourth quarter worth approximately $31,000. Flagship Private Wealth LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $32,000. Wolff Wiese Magana LLC acquired a new stake in Caterpillar during the 4th quarter valued at $33,000. Oder Investment Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $34,000. Finally, RWM Asset Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $36,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Gary Michael Marvel sold 4,018 shares of the business’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $190.76, for a total value of $766,473.68. Also, General Counsel Suzette M. Long sold 59,311 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $219.67, for a total value of $13,028,847.37. Following the completion of the transaction, the general counsel now owns 33,320 shares in the company, valued at $7,319,404.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,080 shares of company stock worth $32,650,920. Company insiders own 0.31% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Caterpillar from $205.00 to $245.00 in a research report on Tuesday, March 16th. Vertical Research started coverage on shares of Caterpillar in a research note on Wednesday, January 20th. They set a “buy” rating and a $230.00 target price on the stock. Barclays lifted their price objective on shares of Caterpillar from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Finally, Daiwa Capital Markets cut shares of Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Caterpillar has a consensus rating of “Hold” and an average target price of $182.05.

Shares of CAT stock opened at $230.41 on Thursday. The stock has a market capitalization of $125.64 billion, a PE ratio of 38.34, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a 1-year low of $100.22 and a 1-year high of $237.78. The business has a 50-day moving average of $222.41 and a 200 day moving average of $186.67. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.63. The company had revenue of $11.24 billion during the quarter, compared to analyst estimates of $11.24 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the company earned $2.63 EPS. Analysts anticipate that Caterpillar Inc. will post 5.44 EPS for the current year.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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