Norinchukin Bank The Purchases 1,204 Shares of Caterpillar Inc. (NYSE:CAT)

Norinchukin Bank The raised its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,006 shares of the industrial products company's stock after buying an additional 1,204 shares during the period. Norinchukin Bank The's holdings in Caterpillar were worth $11,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock valued at $285,382,000 after purchasing an additional 5,371 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after buying an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Caterpillar in the 3rd quarter worth approximately $854,000. Anchor Investment Management LLC raised its holdings in Caterpillar by 2.9% during the 3rd quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock worth $5,208,000 after buying an additional 376 shares during the period. Finally, World Investment Advisors LLC boosted its position in shares of Caterpillar by 26.6% in the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock worth $1,569,000 after buying an additional 843 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

NYSE CAT traded up $6.20 on Wednesday, hitting $297.37. 1,340,703 shares of the stock traded hands, compared to its average volume of 2,634,988. The firm has a market capitalization of $142.12 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The business's fifty day moving average is $324.47 and its two-hundred day moving average is $362.29. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities 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. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.90%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Evercore ISI boosted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $359.36.

Caterpillar Company 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.