Caterpillar Inc. (NYSE:CAT) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,081,909 shares of the industrial products company's stock after purchasing an additional 83,226 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Caterpillar worth $393,588,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CAT. Nordea Investment Management AB lifted its holdings in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $230,000. Cadinha & Co. LLC acquired a new position in Caterpillar in the 4th quarter valued at $11,084,000. Atomi Financial Group Inc. lifted its stake in shares of Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after purchasing an additional 871 shares during the period. Finally, Copley Financial Group Inc. purchased a new stake in shares of Caterpillar in the third quarter valued at $800,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

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Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Evercore ISI increased their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $383.80.

Caterpillar Stock Down 0.6 %

CAT stock traded down $1.93 during midday trading on Monday, hitting $327.76. 612,823 shares of the company's stock were exchanged, compared to its average volume of 2,531,221. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $354.99 and a 200-day moving average price of $372.50. The stock has a market capitalization of $156.65 billion, a price-to-earnings ratio of 14.84, 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.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

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.