Caterpillar Inc. (NYSE:CAT) Shares Sold by Community Bank N.A.

Community Bank N.A. lowered its position in Caterpillar Inc. (NYSE:CAT) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,530 shares of the industrial products company’s stock after selling 700 shares during the period. Community Bank N.A.’s holdings in Caterpillar were worth $5,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Waterway Wealth Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $352,000. Farmers Trust Co. grew its holdings in shares of Caterpillar by 2.7% in the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after acquiring an additional 120 shares during the period. Firethorn Wealth Partners LLC grew its holdings in shares of Caterpillar by 19.4% in the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 296 shares during the period. Panagora Asset Management Inc. grew its holdings in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC grew its holdings in Caterpillar by 7.8% during the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Up 0.1 %

Shares of CAT traded up $0.23 during trading hours on Wednesday, hitting $363.48. The stock had a trading volume of 3,030,552 shares, compared to its average volume of 2,436,106. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The firm has a market cap of $181.52 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.59 and a beta of 1.17. The company’s fifty day simple moving average is $349.37 and its 200 day simple moving average is $300.03. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $3.86 EPS. Equities research analysts forecast that Caterpillar Inc. will post 21.32 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Analyst Ratings Changes

A number of brokerages have commented on CAT. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Citigroup increased their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley began coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus price target of $307.56.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock valued at $14,509,306 over the last three months. 0.33% of the stock is owned by company insiders.

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.