Mizuho Securities Co. Ltd. Buys 110 Shares of Caterpillar Inc. $CAT

Mizuho Securities Co. Ltd. grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 47.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 340 shares of the industrial products company’s stock after acquiring an additional 110 shares during the period. Caterpillar accounts for about 0.5% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 29th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Caterpillar were worth $132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its holdings in shares of Caterpillar by 36,842.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after buying an additional 7,279,991 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Caterpillar by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock valued at $1,386,626,000 after purchasing an additional 264,054 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Caterpillar by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock valued at $1,089,798,000 after purchasing an additional 15,347 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Caterpillar by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock worth $1,064,951,000 after purchasing an additional 268,300 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Caterpillar by 5.0% during the first quarter. Invesco Ltd. now owns 3,141,936 shares of the industrial products company’s stock valued at $1,036,211,000 after purchasing an additional 150,533 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Caterpillar from $570.00 to $670.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $660.00 in a research report on Wednesday, November 5th. Barclays raised their price objective on Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Hsbc Global Res upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $610.32.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the completion of the transaction, the insider owned 8,649 shares in the company, valued at approximately $4,874,576.40. This trade represents a 55.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 86,229 shares of company stock worth $43,323,118 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Trading Up 1.1%

NYSE:CAT opened at $553.04 on Thursday. The company has a market capitalization of $258.81 billion, a P/E ratio of 28.39, a PEG ratio of 3.33 and a beta of 1.51. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $596.21. The firm has a fifty day simple moving average of $514.01 and a 200-day simple moving average of $432.71.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. The company had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.17 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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 dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s payout ratio is 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.