SBI Securities Co. Ltd. Invests $1.30 Million in Caterpillar Inc. (NYSE:CAT)

SBI Securities Co. Ltd. acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,595 shares of the industrial products company’s stock, valued at approximately $1,304,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in shares of Caterpillar by 0.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,606 shares of the industrial products company’s stock worth $4,148,000 after buying an additional 78 shares in the last quarter. Van ECK Associates Corp grew its holdings in Caterpillar by 11.0% during the third quarter. Van ECK Associates Corp now owns 101,500 shares of the industrial products company’s stock worth $39,152,000 after acquiring an additional 10,065 shares during the period. KG&L Capital Management LLC lifted its holdings in Caterpillar by 10.3% in the 3rd quarter. KG&L Capital Management LLC now owns 3,585 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 335 shares during the last quarter. Northeast Investment Management boosted its position in shares of Caterpillar by 0.9% during the 3rd quarter. Northeast Investment Management now owns 19,258 shares of the industrial products company’s stock valued at $7,532,000 after purchasing an additional 165 shares in the last quarter. Finally, Cortland Associates Inc. MO grew its stake in shares of Caterpillar by 89.0% in the 3rd quarter. Cortland Associates Inc. MO now owns 2,544 shares of the industrial products company’s stock worth $995,000 after purchasing an additional 1,198 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Trading Down 3.5 %

NYSE CAT opened at $331.75 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The firm’s fifty day simple moving average is $365.31 and its 200-day simple moving average is $373.10. The company has a market capitalization of $158.55 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

Caterpillar 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.