Tokio Marine Asset Management Co. Ltd. Grows Stake in Caterpillar Inc. (NYSE:CAT)

Tokio Marine Asset Management Co. Ltd. grew its position in Caterpillar Inc. (NYSE:CAT) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,589 shares of the industrial products company’s stock after purchasing an additional 417 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Caterpillar were worth $3,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hartline Investment Corp purchased a new position in Caterpillar in the fourth quarter worth $202,000. Bfsg LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $81,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Caterpillar during the fourth quarter valued at $446,000. Arbor Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $691,000. Finally, NewSquare Capital LLC grew its holdings in shares of Caterpillar by 52,812.0% during the fourth quarter. NewSquare Capital LLC now owns 13,228 shares of the industrial products company’s stock valued at $3,911,000 after buying an additional 13,203 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of CAT traded up $0.23 during mid-day trading on Wednesday, hitting $363.48. 3,030,552 shares of the company were exchanged, compared to its average volume of 2,436,106. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The company has a 50 day moving average of $349.37 and a 200-day moving average of $300.03. The stock has a market cap of $181.52 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. Caterpillar’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.86 EPS. Analysts expect that Caterpillar Inc. will post 21.32 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. Caterpillar’s payout ratio is 25.82%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CAT. Robert W. Baird boosted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company upped their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $307.56.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,769 shares of company stock worth $14,509,306. Insiders own 0.33% of the company’s stock.

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.