ING Groep NV Lifted Holding in Caterpillar Inc. (CAT)

ING Groep NV Lifted Holding in Caterpillar Inc. (CAT)

ING Groep NV increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 23.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 75,178 shares of the industrial products company’s stock after buying an additional 14,407 shares during the period. ING Groep NV’s holdings in Caterpillar were worth $6,974,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Northstar Group Inc. boosted its stake in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares in the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in Caterpillar by 0.4% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company’s stock valued at $214,000 after buying an additional 9 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock valued at $135,000 after buying an additional 20 shares in the last quarter. Diversified Trust Co boosted its stake in Caterpillar by 1.9% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company’s stock valued at $258,000 after buying an additional 53 shares in the last quarter. Finally, Financial Architects Inc boosted its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Caterpillar Inc. (NYSE CAT) opened at 105.95 on Friday. The company’s market cap is $62.41 billion. The company’s 50 day moving average is $101.09 and its 200 day moving average is $96.22. Caterpillar Inc. has a one year low of $70.53 and a one year high of $106.76.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.66. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post $4.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, May 20th. Stockholders of record on Monday, April 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently -2,369.23%.

Several research firms recently commented on CAT. Credit Suisse Group AG set a $111.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research report on Saturday, February 18th. Evercore ISI raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 10th. Vetr cut shares of Caterpillar from a “hold” rating to a “sell” rating and set a $89.96 price objective on the stock. in a research report on Tuesday, March 28th. Goldman Sachs Group Inc raised shares of Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, April 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Caterpillar in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $94.65.

About Caterpillar

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