Nippon Life Global Investors Americas Inc. Buys Shares of 54,220 Caterpillar, Inc. (CAT)

Nippon Life Global Investors Americas Inc. bought a new stake in shares of Caterpillar, Inc. (NYSE:CAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,220 shares of the industrial products company’s stock, valued at approximately $5,827,000.

A number of other large investors have also recently bought and sold shares of the stock. S. R. Schill & Associates lifted its position in Caterpillar by 0.3% during the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares during the last quarter. Northstar Group Inc. lifted its position in Caterpillar by 0.3% during the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 8 shares during the last quarter. Clearbridge Investments LLC lifted its position in Caterpillar by 0.3% during the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 10 shares during the last quarter. Toth Financial Advisory Corp lifted its position in Caterpillar by 0.3% during the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 10 shares during the last quarter. Finally, Tarbox Family Office Inc. lifted its position in Caterpillar by 0.4% during the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 12 shares during the last quarter. 69.24% of the stock is owned by institutional investors.

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In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,471 shares of company stock worth $22,979,332. 0.14% of the stock is owned by corporate insiders.

Caterpillar, Inc. (NYSE:CAT) opened at 124.43 on Monday. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $125.42. The stock has a market capitalization of $73.53 billion, a P/E ratio of 695.14 and a beta of 1.24. The firm’s 50-day moving average is $116.33 and its 200-day moving average is $105.20.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. On average, equities research analysts predict that Caterpillar, Inc. will post $5.25 EPS for the current fiscal year.

A number of research firms have issued reports on CAT. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a report on Thursday, August 3rd. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a report on Thursday, August 10th. Argus reaffirmed a “buy” rating and issued a $113.10 price target (down previously from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 price target (up previously from $100.00) on shares of Caterpillar in a report on Wednesday, July 26th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and an average target price of $114.03.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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