Caterpillar Inc. (NYSE:CAT) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 11.5% during the 1st quarter, Holdings Channel reports. The fund owned 121,134 shares of the industrial products company’s stock after acquiring an additional 12,516 shares during the quarter. Achmea Investment Management B.V.’s holdings in Caterpillar were worth $39,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar in the fourth quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV bought a new stake in shares of Caterpillar in the 4th quarter worth $33,000. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CAT. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. DA Davidson lifted their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Truist Financial increased their price objective on Caterpillar from $396.00 to $414.00 and gave the company a “buy” rating in a research report on Monday. Finally, Morgan Stanley raised Caterpillar from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Six investment 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, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.83.

Caterpillar Stock Up 2.7%

Caterpillar stock opened at $381.70 on Friday. 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 Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The firm’s fifty day simple moving average is $340.31 and its 200-day simple moving average is $346.48. The company has a market capitalization of $179.80 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.47 and a beta of 1.37.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. Caterpillar’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.60 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar’s dividend payout ratio is presently 27.49%.

Insiders Place Their Bets

In other news, Director David Maclennan bought 375 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.33% of the company’s stock.

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.