Caterpillar Inc. (NYSE:CAT) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,589 shares of the industrial products company’s stock after purchasing an additional 417 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Caterpillar were worth $3,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Gilfoyle & Co LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $30,000. Fortitude Family Office LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $39,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Caterpillar during the third quarter valued at $41,000. Rational Advisors LLC acquired a new position in shares of Caterpillar during the third quarter valued at $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Caterpillar during the third quarter valued at $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock traded up $0.23 during trading hours on Wednesday, reaching $363.48. 3,030,552 shares of the company were exchanged, compared to its average volume of 2,436,106. The firm has a market cap of $181.52 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.59 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $349.37 and a 200 day moving average of $300.03. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $382.01.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.86 earnings per share. As a group, research analysts anticipate that Caterpillar Inc. will post 21.32 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio is 25.82%.

Insider Activity

In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CAT. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Truist Financial initiated coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. Morgan Stanley initiated coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $307.56.

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.