Caterpillar Inc. (NYSE:CAT) Shares Purchased by United Community Bank

United Community Bank raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,671 shares of the industrial products company’s stock after buying an additional 40 shares during the quarter. Caterpillar comprises about 1.1% of United Community Bank’s investment portfolio, making the stock its 16th biggest position. United Community Bank’s holdings in Caterpillar were worth $2,783,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CAT. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the 3rd quarter valued at $36,000. Finally, Albion Financial Group UT boosted its holdings in shares of Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several analyst reports. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Truist Financial decreased their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, Wedbush upgraded Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $383.80.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was 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 directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % 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 Trading Up 2.9 %

NYSE:CAT opened at $350.97 on Friday. The business’s 50-day moving average is $363.11 and its two-hundred day moving average is $372.77. 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 Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The firm has a market capitalization of $167.74 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. Research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. Caterpillar’s dividend payout ratio is presently 25.56%.

Caterpillar 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.