Mitsubishi UFJ Trust & Banking Corp Has $148.71 Million Holdings in Caterpillar Inc. $CAT

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383,063 shares of the industrial products company’s stock after selling 10,435 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Caterpillar worth $148,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAT. SBI Securities Co. Ltd. grew its holdings in shares of Caterpillar by 6.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,786 shares of the industrial products company’s stock valued at $1,470,000 after purchasing an additional 246 shares during the last quarter. Ironwood Investment Counsel LLC boosted its position in Caterpillar by 5.0% in the second quarter. Ironwood Investment Counsel LLC now owns 3,172 shares of the industrial products company’s stock valued at $1,231,000 after buying an additional 152 shares in the last quarter. PCG Asset Management LLC grew its stake in shares of Caterpillar by 6.5% during the second quarter. PCG Asset Management LLC now owns 980 shares of the industrial products company’s stock worth $380,000 after buying an additional 60 shares during the last quarter. Davidson Capital Management Inc. increased its holdings in shares of Caterpillar by 3.4% during the second quarter. Davidson Capital Management Inc. now owns 8,789 shares of the industrial products company’s stock worth $3,412,000 after buying an additional 289 shares in the last quarter. Finally, Winch Advisory Services LLC lifted its stake in shares of Caterpillar by 926.9% in the 2nd quarter. Winch Advisory Services LLC now owns 267 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 241 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAT. Royal Bank Of Canada started coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price objective on the stock. Morgan Stanley lifted their price target on Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a research note on Tuesday, October 14th. UBS Group raised their price objective on shares of Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $596.59.

Insider Buying and Selling at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,166 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the sale, the chairman owned 448,173 shares in the company, valued at $226,457,335.17. This represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 69,662 shares of company stock valued at $33,575,140. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Caterpillar stock opened at $567.82 on Wednesday. The firm has a market cap of $265.73 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.33 and a beta of 1.51. The stock’s 50 day moving average is $497.84 and its 200 day moving average is $423.30. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81. Caterpillar Inc. has a one year low of $267.30 and a one year high of $596.21.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. During the same quarter last year, the business earned $5.17 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, research analysts expect 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 Thursday, November 20th. Investors of record on Monday, October 20th will be issued a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.1%. Caterpillar’s payout ratio is presently 31.01%.

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.