Mufg Securities Americas Inc. Takes $2.59 Million Position in Caterpillar Inc. (NYSE:CAT)

Mufg Securities Americas Inc. bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,128 shares of the industrial products company's stock, valued at approximately $2,586,000.

Several other hedge funds and other institutional investors have also modified their holdings of CAT. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar during the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter valued at $34,000. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Maclennan acquired 375 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CAT has been the subject of a number of recent analyst reports. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI lifted their target price on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Finally, Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.50.

Caterpillar Price Performance

NYSE:CAT traded up $3.79 during trading hours on Friday, hitting $353.60. The company's stock had a trading volume of 2,558,499 shares, compared to its average volume of 2,639,240. The company has a market capitalization of $166.56 billion, a P/E ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.35. 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 fifty day simple moving average of $317.42 and a 200-day simple moving average of $354.09. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.60 earnings per share. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

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.