Nomura Asset Management Co. Ltd. Increases Stake in Caterpillar Inc. (NYSE:CAT)

Nomura Asset Management Co. Ltd. increased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 302,950 shares of the industrial products company's stock after purchasing an additional 16,944 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Caterpillar worth $109,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. New Age Alpha Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth about $10,068,000. Norges Bank purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $2,184,364,000. Blair William & Co. IL increased its position in Caterpillar by 1.0% during the 4th quarter. Blair William & Co. IL now owns 115,391 shares of the industrial products company's stock valued at $41,859,000 after buying an additional 1,174 shares in the last quarter. BCO Wealth Management LLC bought a new position in Caterpillar in the 4th quarter worth about $212,000. Finally, LM Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth approximately $467,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CAT shares. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. DA Davidson raised their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $383.80.

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Caterpillar Price Performance

Shares of CAT stock traded up $0.88 on Tuesday, hitting $330.68. 734,448 shares of the stock traded hands, compared to its average volume of 2,489,929. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The firm has a 50 day simple moving average of $353.87 and a two-hundred day simple moving average of $372.44. The firm has a market cap of $158.04 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

About Caterpillar

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.