Mizuho Securities USA LLC Takes Position in Caterpillar, Inc. (NYSE:CAT)

Mizuho Securities USA LLC bought a new stake in Caterpillar, Inc. (NYSE:CAT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,307 shares of the industrial products company’s stock, valued at approximately $1,909,000.

A number of other institutional investors have also recently made changes to their positions in CAT. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $104,000. Motco raised its holdings in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in Caterpillar by 92.9% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 535 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Caterpillar in the 1st quarter valued at $107,000. 68.61% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on the company. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price objective for the company in a report on Monday, November 13th. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a report on Monday, October 30th. BMO Capital Markets boosted their price target on Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Argus boosted their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Citigroup boosted their price objective on Caterpillar from $133.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $133.92.

Caterpillar, Inc. (NYSE:CAT) traded down $0.02 during mid-day trading on Monday, reaching $141.50. The company had a trading volume of 4,922,137 shares, compared to its average volume of 4,393,979. The firm has a market cap of $84,180.00, a P/E ratio of 25.50, a P/E/G ratio of 2.14 and a beta of 1.29. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $145.19. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. equities analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

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Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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