Nomura Asset Management Co. Ltd. decreased its position in Caterpillar Inc. (NYSE:CAT) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,401 shares of the industrial products company’s stock after selling 3,992 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Caterpillar worth $57,909,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loeb Partners Corp purchased a new position in Caterpillar during the 4th quarter valued at approximately $25,000. Clarfeld Financial Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at approximately $26,000. Paragon Capital Management LLC purchased a new position in Caterpillar during the 1st quarter valued at approximately $40,000. PRW Wealth Management LLC purchased a new position in Caterpillar during the 4th quarter valued at approximately $43,000. Finally, Legacy Advisors LLC purchased a new position in Caterpillar during the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 65.45% of the company’s stock.
Shares of CAT traded up $0.31 during trading hours on Monday, hitting $136.60. The company had a trading volume of 4,832,336 shares, compared to its average volume of 4,446,451. Caterpillar Inc. has a one year low of $112.06 and a one year high of $159.37. The business’s fifty day moving average price is $126.96. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.43 and a quick ratio of 0.98. The company has a market cap of $79.55 billion, a P/E ratio of 12.17, a PEG ratio of 0.93 and a beta of 1.54.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.02%. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, July 19th. Caterpillar’s payout ratio is 30.66%.
CAT has been the subject of a number of recent research reports. Bank of America set a $152.00 target price on Caterpillar and gave the stock a “buy” rating in a report on Thursday, April 4th. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, June 21st. UBS Group dropped their target price on Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a report on Tuesday, June 4th. Morgan Stanley set a $165.00 target price on Caterpillar and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Macquarie set a $115.00 target price on Caterpillar and gave the stock a “sell” rating in a report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $145.39.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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