Commerzbank Aktiengesellschaft FI Acquires 119,427 Shares of Caterpillar Inc. (NYSE:CAT)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 73.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,244 shares of the industrial products company’s stock after acquiring an additional 119,427 shares during the quarter. Caterpillar makes up 2.5% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 12th largest holding. Commerzbank Aktiengesellschaft FI owned 0.06% of Caterpillar worth $102,387,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the fourth quarter worth about $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter valued at approximately $36,000. Finally, Albion Financial Group UT raised its stake in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $331.75 on Tuesday. The company’s 50-day moving average price is $365.31 and its 200-day moving average price is $373.10. 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 company has a market cap of $158.55 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley lowered their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar 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.