SBI Securities Co. Ltd. Purchases Shares of 3,595 Caterpillar Inc. (NYSE:CAT)

SBI Securities Co. Ltd. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, Holdings Channel reports. The fund acquired 3,595 shares of the industrial products company’s stock, valued at approximately $1,304,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Caterpillar by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock valued at $3,987,206,000 after acquiring an additional 67,148 shares during the period. Fisher Asset Management LLC raised its stake in Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after purchasing an additional 129,143 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock valued at $1,418,793,000 after purchasing an additional 64,452 shares during the period. Charles Schwab Investment Management Inc. grew its position in Caterpillar by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company’s stock worth $1,262,290,000 after purchasing an additional 8,088 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its position in shares of Caterpillar by 3.2% during the fourth quarter. Capital Wealth Planning LLC now owns 1,531,208 shares of the industrial products company’s stock valued at $555,461,000 after buying an additional 47,689 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 sale, the insider now owns 6,275 shares of the company’s stock, 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. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Evercore ISI raised 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. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, DA Davidson raised their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus target price of $383.80.

Caterpillar Trading Down 3.5 %

CAT stock opened at $331.75 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a market capitalization of $158.55 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.87 and a beta of 1.12. The business has a fifty day moving average price of $365.31 and a 200 day moving average price of $373.10. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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

Caterpillar Company 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.