Nissay Asset Management Corp Japan ADV Sells 1,095 Shares of Caterpillar Inc. (NYSE:CAT)

Nissay Asset Management Corp Japan ADV lessened its position in Caterpillar Inc. (NYSE:CAT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,722 shares of the industrial products company’s stock after selling 1,095 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Caterpillar were worth $22,155,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CAT. FSM Wealth Advisors LLC increased its holdings in shares of Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 25 shares during the period. Allen Capital Group LLC raised its stake in shares of Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock worth $1,541,000 after buying an additional 26 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 26 shares during the period. Channel Wealth LLC lifted its holdings in Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its holdings in Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company’s stock worth $1,586,000 after buying an additional 27 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird raised Caterpillar from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $309.00 to $395.00 in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $377.83.

Caterpillar Stock Performance

NYSE:CAT opened at $352.58 on Wednesday. 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 $166.08 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.87 and a beta of 1.35. The firm’s fifty day simple moving average is $317.07 and its 200 day simple moving average is $354.64. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.64 billion. During the same period in the previous year, the company earned $5.60 EPS. Caterpillar’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is 27.49%.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% 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.