Mufg Securities Americas Inc. Acquires Shares of 7,128 Caterpillar Inc. (NYSE:CAT)

Mufg Securities Americas Inc. bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,128 shares of the industrial products company’s stock, valued at approximately $2,586,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. EWG Elevate Inc. acquired a new position in shares of Caterpillar in the fourth quarter valued at about $216,000. Fiduciary Alliance LLC grew its position in shares of Caterpillar by 47.0% during the 4th quarter. Fiduciary Alliance LLC now owns 1,745 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 558 shares in the last quarter. BCS Wealth Management bought a new position in shares of Caterpillar during the fourth quarter worth approximately $760,000. Traveka Wealth LLC boosted its stake in shares of Caterpillar by 6.2% in the fourth quarter. Traveka Wealth LLC now owns 1,251 shares of the industrial products company’s stock valued at $454,000 after buying an additional 73 shares during the period. Finally, PSI Advisors LLC increased its stake in Caterpillar by 5.8% during the 4th quarter. PSI Advisors LLC now owns 2,473 shares of the industrial products company’s stock worth $897,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $352.58 on Wednesday. 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’s fifty day simple moving average is $317.07 and its two-hundred day simple moving average is $354.64. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The stock has a market capitalization of $166.08 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same period last year, the firm posted $5.60 earnings per share. Caterpillar’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s payout ratio is 27.49%.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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. This represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Maclennan purchased 375 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAT shares. Truist Financial reissued a “buy” rating and issued a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Baird R W raised Caterpillar from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised shares of Caterpillar from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $309.00 to $395.00 in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $377.83.

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.