Mizuho Securities USA LLC Invests $1.91 Million in Caterpillar, Inc. (CAT) Stock

Mizuho Securities USA LLC bought a new stake in Caterpillar, Inc. (NYSE:CAT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,307 shares of the industrial products company’s stock, valued at approximately $1,909,000.

A number of other hedge funds also recently made changes to their positions in CAT. Tredje AP fonden boosted its holdings in Caterpillar by 0.9% in the first quarter. Tredje AP fonden now owns 48,519 shares of the industrial products company’s stock valued at $4,501,000 after acquiring an additional 414 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Caterpillar by 2.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 64,848 shares of the industrial products company’s stock valued at $6,015,000 after acquiring an additional 1,250 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Caterpillar by 99.9% in the first quarter. AE Wealth Management LLC now owns 18,660 shares of the industrial products company’s stock valued at $1,731,000 after acquiring an additional 9,324 shares during the last quarter. InterOcean Capital LLC boosted its holdings in Caterpillar by 39.4% in the first quarter. InterOcean Capital LLC now owns 5,445 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its holdings in Caterpillar by 40.0% in the first quarter. Oarsman Capital Inc. now owns 4,355 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 1,245 shares during the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.

Several brokerages recently commented on CAT. UBS AG set a $155.00 target price on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus upped their target price on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada upped their target price on Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Robert W. Baird upped their target price on Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 target price on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company. Caterpillar has a consensus rating of “Hold” and an average target price of $133.92.

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Shares of Caterpillar, Inc. (CAT) opened at $136.13 on Friday. The company has a market capitalization of $80,988.38, a price-to-earnings ratio of 24.53, a P/E/G ratio of 2.06 and a beta of 1.29. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. equities analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is currently 216.67%.

In other news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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