Caterpillar Inc. (NYSE:CAT) Shares Sold by Davidson Trust Co.

Davidson Trust Co. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,262 shares of the industrial products company’s stock after selling 60 shares during the quarter. Davidson Trust Co.’s holdings in Caterpillar were worth $458,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $230,000. Citizens Financial Group Inc. RI increased its position in Caterpillar by 43.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after purchasing an additional 4,181 shares in the last quarter. Cadinha & Co. LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $11,084,000. Finally, Atomi Financial Group Inc. grew its position in Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock valued at $8,414,000 after acquiring an additional 871 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

Shares of CAT opened at $353.31 on Tuesday. The business’s fifty day moving average price is $372.47 and its 200 day moving average price is $372.14. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a market capitalization of $170.58 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAT. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research report on Monday, January 13th. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial lowered their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $383.13.

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.