Caterpillar Inc. (NYSE:CAT) Shares Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its holdings in Caterpillar Inc. (NYSE:CAT) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,255 shares of the industrial products company’s stock after buying an additional 87 shares during the period. Global X Japan Co. Ltd.’s holdings in Caterpillar were worth $491,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Thompson Investment Management Inc. acquired a new stake in shares of Caterpillar during the 1st quarter worth approximately $27,000. Fairman Group LLC acquired a new stake in shares of Caterpillar in the 1st quarter worth about $29,000. Bbjs Financial Advisors LLC bought a new stake in Caterpillar in the 2nd quarter valued at about $28,000. Financial Connections Group Inc. acquired a new position in Caterpillar during the 2nd quarter valued at about $28,000. Finally, Fairscale Capital LLC bought a new position in Caterpillar in the 2nd quarter worth about $36,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.5 %

Shares of NYSE:CAT opened at $388.48 on Wednesday. Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $403.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. The company has a market cap of $189.99 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.85 and a beta of 1.10. The stock’s 50-day moving average is $365.94 and its 200-day moving average is $350.37.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. The company had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.55 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio is 25.46%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAT shares. Raymond James started coverage on Caterpillar in a report on Friday, June 28th. They issued a “market perform” rating for the company. Citigroup increased their target price on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, UBS Group increased their price target on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $355.50.

Insider Activity

In other news, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

About Caterpillar

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.