Achmea Investment Management B.V. Lowers Stock Position in Caterpillar Inc. (NYSE:CAT)

Achmea Investment Management B.V. reduced its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,618 shares of the industrial products company's stock after selling 5,465 shares during the period. Achmea Investment Management B.V.'s holdings in Caterpillar were worth $39,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CAT. Principal Financial Group Inc. boosted its position in shares of Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after buying an additional 5,371 shares during the period. Harbour Investments Inc. raised its stake in shares of Caterpillar by 2.9% in the third quarter. Harbour Investments Inc. now owns 6,548 shares of the industrial products company's stock valued at $2,561,000 after acquiring an additional 182 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Caterpillar in the third quarter valued at $630,000. Empower Advisory Group LLC raised its stake in shares of Caterpillar by 1.1% in the third quarter. Empower Advisory Group LLC now owns 253,620 shares of the industrial products company's stock valued at $99,196,000 after acquiring an additional 2,880 shares in the last quarter. Finally, Haverford Trust Co raised its stake in shares of Caterpillar by 4.9% in the third quarter. Haverford Trust Co now owns 6,210 shares of the industrial products company's stock valued at $2,429,000 after acquiring an additional 289 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Wedbush upgraded Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Truist Financial cut their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average target price of $383.80.

Caterpillar Stock Performance

Shares of CAT traded up $7.15 during midday trading on Friday, reaching $340.46. 1,934,669 shares of the stock were exchanged, compared to its average volume of 2,497,818. The business's 50-day moving average price is $360.81 and its 200 day moving average price is $372.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a market capitalization of $162.72 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.