Asset Management One Co. Ltd. Boosts Holdings in Caterpillar Inc. (CAT)

Asset Management One Co. Ltd. boosted its position in Caterpillar Inc. (NYSE:CAT) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 985,363 shares of the industrial products company’s stock after acquiring an additional 11,926 shares during the period. Asset Management One Co. Ltd. owned 0.17% of Caterpillar worth $122,937,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Caterpillar by 3.3% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 346,173 shares of the industrial products company’s stock valued at $43,171,000 after buying an additional 10,968 shares during the period. AMP Capital Investors Ltd increased its position in shares of Caterpillar by 5.0% during the third quarter. AMP Capital Investors Ltd now owns 239,851 shares of the industrial products company’s stock valued at $29,912,000 after buying an additional 11,500 shares during the period. Advantage Investment Management LLC increased its position in shares of Caterpillar by 60.0% during the third quarter. Advantage Investment Management LLC now owns 3,415 shares of the industrial products company’s stock valued at $426,000 after buying an additional 1,281 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Caterpillar by 10.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 116,825 shares of the industrial products company’s stock valued at $14,570,000 after buying an additional 11,200 shares during the period. Finally, B. Riley Financial Inc. bought a new stake in shares of Caterpillar during the third quarter valued at about $339,000. Institutional investors and hedge funds own 68.54% of the company’s stock.

Shares of Caterpillar Inc. (CAT) traded up $1.10 on Friday, reaching $170.30. The company’s stock had a trading volume of 4,107,900 shares, compared to its average volume of 4,120,000. The stock has a market capitalization of $101,320.00, a price-to-earnings ratio of 118.26, a P/E/G ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $170.67.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. equities research analysts anticipate that Caterpillar Inc. will post 6.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 1.83%. Caterpillar’s payout ratio is currently 216.67%.

Several brokerages have recently weighed in on CAT. Citigroup upped their price target on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research report on Thursday, October 19th. Zacks Investment Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Argus boosted their price objective on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Bank of America reissued a “buy” rating and set a $189.00 price objective (up previously from $158.00) on shares of Caterpillar in a report on Friday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $147.72.

In related 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 transaction of $2,363,449.30. Following the completion of the transaction, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock valued at $7,235,850 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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