Mitsubishi UFJ Asset Management Co. Ltd. Has $393.59 Million Position in Caterpillar Inc. (NYSE:CAT)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,081,909 shares of the industrial products company’s stock after acquiring an additional 83,226 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Caterpillar worth $393,588,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 0.5 %

Shares of NYSE CAT opened at $340.91 on Thursday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The firm’s 50-day moving average is $356.95 and its 200-day moving average is $372.24. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $162.93 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CAT shares. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI lifted their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Wedbush raised shares of Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar 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.