Caterpillar Inc. (NYSE:CAT) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 80.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 370 shares of the industrial products company's stock after selling 1,560 shares during the period. Caterpillar accounts for about 2.0% of Mizuho Securities Co. Ltd.'s holdings, making the stock its 19th biggest position. Mizuho Securities Co. Ltd.'s holdings in Caterpillar were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Caterpillar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Caterpillar by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock worth $3,987,206,000 after buying an additional 67,148 shares during the last quarter. Fisher Asset Management LLC increased its position in Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock valued at $3,294,505,000 after acquiring an additional 129,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Caterpillar by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after acquiring an additional 64,452 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Caterpillar by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock valued at $1,193,154,000 after purchasing an additional 61,723 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Caterpillar

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

Analysts Set New Price Targets

A number of research firms recently weighed in on CAT. 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. Truist Financial lowered their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $383.80.

Caterpillar Price Performance

Shares of NYSE CAT traded down $9.65 on Friday, hitting $329.65. The company's stock had a trading volume of 1,965,220 shares, compared to its average volume of 2,538,598. The stock has a 50 day moving average of $354.99 and a 200-day moving average of $372.24. The company has a market capitalization of $157.55 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. 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 (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

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.