Asahi Life Asset Management CO. LTD. Has $7.51 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Asahi Life Asset Management CO. LTD. lessened its holdings in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 45,749 shares of the industrial products company’s stock after selling 1,933 shares during the period. Caterpillar makes up approximately 2.3% of Asahi Life Asset Management CO. LTD.’s holdings, making the stock its 14th largest position. Asahi Life Asset Management CO. LTD.’s holdings in Caterpillar were worth $7,506,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Gilbert & Cook Inc. raised its holdings in shares of Caterpillar by 1.2% in the 3rd quarter. Gilbert & Cook Inc. now owns 4,118 shares of the industrial products company’s stock worth $884,000 after buying an additional 49 shares in the last quarter. Marks Group Wealth Management Inc grew its position in Caterpillar by 2.6% during the 2nd quarter. Marks Group Wealth Management Inc now owns 1,995 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 51 shares during the last quarter. Mather Group LLC. grew its position in Caterpillar by 2.0% during the 2nd quarter. Mather Group LLC. now owns 2,643 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 51 shares during the last quarter. Stockman Wealth Management Inc. grew its position in Caterpillar by 4.5% during the 2nd quarter. Stockman Wealth Management Inc. now owns 1,250 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 54 shares during the last quarter. Finally, Somerville Kurt F grew its position in Caterpillar by 1.8% during the 1st quarter. Somerville Kurt F now owns 3,165 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 68.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Daiwa Capital Markets increased their price objective on Caterpillar to $205.00 in a research report on Tuesday, November 1st. Cowen increased their price objective on Caterpillar from $240.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Tigress Financial decreased their price objective on Caterpillar from $282.00 to $266.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Cowen increased their price objective on Caterpillar from $240.00 to $264.00 in a research report on Friday, December 9th. Finally, UBS Group lowered Caterpillar from a “buy” rating to a “neutral” rating and increased their price objective for the company from $225.00 to $230.00 in a research report on Monday, October 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $241.00.

Caterpillar Trading Down 0.6 %

Caterpillar stock traded down $1.52 during mid-day trading on Wednesday, hitting $256.09. 417,052 shares of the company’s stock were exchanged, compared to its average volume of 3,060,253. The firm has a market capitalization of $133.27 billion, a P/E ratio of 18.52, a PEG ratio of 1.38 and a beta of 1.11. Caterpillar Inc. has a fifty-two week low of $160.60 and a fifty-two week high of $260.50. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 1.63. The company’s 50 day simple moving average is $239.91 and its 200-day simple moving average is $207.21.

Caterpillar (NYSE:CATGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The industrial products company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.19 by $0.76. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $14.34 billion. Caterpillar had a return on equity of 41.76% and a net margin of 13.02%. On average, equities analysts anticipate that Caterpillar Inc. will post 13.85 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, January 19th. Caterpillar’s payout ratio is presently 34.86%.

Insider Buying and Selling

In other Caterpillar news, General Counsel Suzette M. Long sold 1,884 shares of Caterpillar stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $237.28, for a total value of $447,035.52. Following the sale, the general counsel now owns 8,665 shares of the company’s stock, valued at approximately $2,056,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, insider Denise C. Johnson sold 23,737 shares of Caterpillar stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $240.14, for a total value of $5,700,203.18. Following the sale, the insider now owns 8,605 shares of the company’s stock, valued at approximately $2,066,404.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Suzette M. Long sold 1,884 shares of Caterpillar stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $237.28, for a total value of $447,035.52. Following the completion of the sale, the general counsel now directly owns 8,665 shares in the company, valued at approximately $2,056,031.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,915 shares of company stock valued at $13,452,445. 0.27% of the stock is owned by company insiders.

Caterpillar Company Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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