Caterpillar Inc. (NYSE:CAT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,566,063 shares of the industrial products company’s stock after selling 149,789 shares during the period. Deutsche Bank AG’s holdings in Caterpillar were worth $568,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Driehaus Capital Management LLC raised its position in shares of Caterpillar by 22.1% in the fourth quarter. Driehaus Capital Management LLC now owns 1,114 shares of the industrial products company’s stock valued at $404,000 after buying an additional 202 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Caterpillar by 67.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 95,187 shares of the industrial products company’s stock worth $34,530,000 after purchasing an additional 38,497 shares during the last quarter. Dunhill Financial LLC increased its holdings in shares of Caterpillar by 21.3% in the fourth quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 36 shares during the last quarter. Eagle Global Advisors LLC lifted its position in Caterpillar by 1.3% during the fourth quarter. Eagle Global Advisors LLC now owns 30,142 shares of the industrial products company’s stock worth $10,934,000 after buying an additional 375 shares in the last quarter. Finally, Colonial Trust Co SC boosted its stake in Caterpillar by 41.2% during the fourth quarter. Colonial Trust Co SC now owns 4,570 shares of the industrial products company’s stock worth $1,658,000 after buying an additional 1,334 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CAT. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target for the company in a research report on Thursday, May 1st. Morgan Stanley raised Caterpillar from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and an average price target of $370.67.

Caterpillar Trading Down 0.3 %

NYSE:CAT opened at $320.07 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $316.93 and a 200-day simple moving average of $356.28. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The company has a market capitalization of $152.97 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.60 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is 27.49%.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of the firm’s 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 transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

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.