DekaBank Deutsche Girozentrale Acquires 34,132 Shares of Caterpillar, Inc. (CAT)

DekaBank Deutsche Girozentrale grew its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,062 shares of the industrial products company’s stock after buying an additional 34,132 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Caterpillar were worth $23,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new stake in Caterpillar in the 2nd quarter worth about $104,000. Motco raised its position in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the period. Acrospire Investment Management LLC raised its position in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the period. Harbour Capital Advisors LLC purchased a new stake in Caterpillar in the 1st quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC raised its position in Caterpillar by 75.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 496 shares during the period. Hedge funds and other institutional investors own 68.61% of the company’s stock.

Caterpillar, Inc. (NYSE:CAT) opened at $140.14 on Wednesday. The company has a market cap of $84,183.11, a P/E ratio of 25.50, a PEG ratio of 2.14 and a beta of 1.29. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $145.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. research analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.23%. Caterpillar’s dividend payout ratio is presently 216.67%.

In other news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,989 shares of company stock worth $7,235,850. Insiders own 0.14% of the company’s stock.

A number of analysts recently weighed in on the stock. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research report on Thursday, August 10th. UBS set a $155.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Wells Fargo & Company set a $150.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $136.28.

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Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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