Caterpillar Inc. $CAT Holdings Boosted by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 35.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,289 shares of the industrial products company’s stock after acquiring an additional 2,184 shares during the period. ABN AMRO Bank N.V.’s holdings in Caterpillar were worth $4,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Torren Management LLC acquired a new position in Caterpillar during the fourth quarter valued at $27,000. Marquette Asset Management LLC boosted its position in Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 53 shares during the period. IFS Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at about $31,000. Rialto Wealth Management LLC increased its holdings in shares of Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 18 shares during the period. Finally, Noble Wealth Management PBC increased its holdings in shares of Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE CAT opened at $925.54 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $426.30 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a 50 day moving average price of $761.80 and a two-hundred day moving average price of $670.30. Caterpillar Inc. has a 12-month low of $336.24 and a 12-month high of $931.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.25 EPS. As a group, equities analysts predict that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar’s dividend payout ratio is presently 30.06%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the sale, the insider owned 86,029 shares of the company’s stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 9,152 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $926.25, for a total value of $8,477,040.00. Following the sale, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,645,476.25. This trade represents a 16.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 75,734 shares of company stock valued at $67,054,613. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein upped their price objective on shares of Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and set a $1,103.00 target price on shares of Caterpillar in a research note on Monday. Rothschild & Co Redburn boosted their price target on shares of Caterpillar from $650.00 to $700.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, HSBC upped their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $911.77.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.