ING Groep NV Has $38 Million Position in Caterpillar Inc. (NYSE:CAT)

ING Groep NV lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,760 shares of the industrial products company's stock after purchasing an additional 8,632 shares during the period. ING Groep NV's holdings in Caterpillar were worth $38,003,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAT. Nordea Investment Management AB lifted its position in shares of Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after buying an additional 10,212 shares during the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $230,000. Citizens Financial Group Inc. RI boosted its position in Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock worth $5,437,000 after purchasing an additional 4,181 shares during the period. Cadinha & Co. LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $11,084,000. Finally, Atomi Financial Group Inc. raised its position in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after purchasing an additional 871 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now owns 33,565 shares of the company's stock, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock worth $7,226,584 over the last three months. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAT shares. StockNews.com upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Truist Financial lowered their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average target price of $383.80.

Caterpillar Price Performance

Shares of CAT stock traded down $9.31 during mid-day trading on Friday, reaching $339.84. The company's stock had a trading volume of 3,219,133 shares, compared to its average volume of 2,416,826. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm's 50-day moving average is $369.54 and its two-hundred day moving average is $372.24. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market cap of $162.42 billion, a P/E ratio of 15.40, a PEG ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly 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 net margin of 16.65% and a return on equity of 58.18%. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar's dividend payout ratio is 25.56%.

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.