Nomura Holdings Inc. Purchases 40,857 Shares of Caterpillar Inc. (NYSE:CAT)

Nomura Holdings Inc. grew its position in Caterpillar Inc. (NYSE:CAT) by 247.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,350 shares of the industrial products company’s stock after purchasing an additional 40,857 shares during the quarter. Nomura Holdings Inc.’s holdings in Caterpillar were worth $20,804,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Truist Financial restated a “buy” rating and set a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $377.83.

Caterpillar Stock Performance

NYSE CAT opened at $352.58 on Wednesday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The company has a 50-day simple moving average of $317.07 and a 200 day simple moving average of $354.64. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market capitalization of $166.08 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business posted $5.60 EPS. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of the firm’s 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 completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan acquired 375 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

About Caterpillar

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.