Caterpillar Inc. (NYSE:CAT) Shares Bought by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,554 shares of the industrial products company’s stock after acquiring an additional 590 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Caterpillar were worth $926,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Caterpillar in the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $36,000. Kimelman & Baird LLC grew its position in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Albion Financial Group UT grew its position in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $860,147.50. Following the sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,704 shares of company stock worth $7,226,584. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Evercore ISI raised 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. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Finally, Citigroup lifted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Up 0.1 %

Shares of CAT stock opened at $342.55 on Thursday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The firm has a market cap of $163.72 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The stock has a 50 day moving average of $366.82 and a 200-day moving average of $372.88. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last issued 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 return on equity of 58.18% and a net margin of 16.65%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

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.