Caterpillar Inc. (NYSE:CAT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Caterpillar Inc. (NYSE:CAT – Get Rating) by 10.7% in the third quarter, Holdings Channel reports. The firm owned 141,473 shares of the industrial products company’s stock after selling 17,038 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Caterpillar were worth $23,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CAT. Ironwood Investment Counsel LLC lifted its stake in Caterpillar by 1.5% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 3,355 shares of the industrial products company’s stock valued at $550,000 after acquiring an additional 48 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Caterpillar by 31.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 11,799 shares of the industrial products company’s stock valued at $1,936,000 after acquiring an additional 2,850 shares during the period. Cladis Investment Advisory LLC lifted its stake in Caterpillar by 3.5% during the 3rd quarter. Cladis Investment Advisory LLC now owns 4,483 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 150 shares during the period. Fayez Sarofim & Co lifted its stake in Caterpillar by 2.0% during the 3rd quarter. Fayez Sarofim & Co now owns 35,479 shares of the industrial products company’s stock valued at $5,822,000 after acquiring an additional 691 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Caterpillar by 17.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,201,884 shares of the industrial products company’s stock valued at $197,205,000 after acquiring an additional 174,361 shares during the period. 68.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAT. Cowen lifted their target price on shares of Caterpillar from $240.00 to $264.00 in a report on Friday, December 9th. Credit Suisse Group lifted their target price on shares of Caterpillar from $290.00 to $306.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. StockNews.com began coverage on shares of Caterpillar in a report on Thursday. They set a “buy” rating for the company. Barclays lifted their target price on shares of Caterpillar from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, February 1st. Finally, BMO Capital Markets lifted their target price on shares of Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $241.00.

Insider Activity

In other news, insider Denise C. Johnson sold 23,737 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the transaction, the insider now owns 8,605 shares of the company’s stock, valued at approximately $2,066,404.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Denise C. Johnson sold 23,737 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the transaction, the insider now owns 8,605 shares of the company’s stock, valued at approximately $2,066,404.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Maclennan purchased 400 shares of the stock in a transaction dated Friday, February 17th. The shares were purchased at an average cost of $249.29 per share, for a total transaction of $99,716.00. Following the transaction, the director now owns 3,709 shares in the company, valued at approximately $924,616.61. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 90,984 shares of company stock valued at $22,519,893. 0.27% of the stock is currently owned by insiders.

Caterpillar Price Performance

Caterpillar stock opened at $218.71 on Friday. Caterpillar Inc. has a 52-week low of $160.60 and a 52-week high of $266.04. The firm has a market capitalization of $112.93 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.20 and a beta of 1.11. The company has a fifty day simple moving average of $246.87 and a 200-day simple moving average of $221.87. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.62.

Caterpillar (NYSE:CAT – Get Rating) last released its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The business had revenue of $16.60 billion for the quarter, compared to analysts’ expectations of $15.84 billion. During the same period in the previous year, the company earned $2.69 EPS. Caterpillar’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 15.67 EPS for the current fiscal year.

Caterpillar Company Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.