Caterpillar Inc. (NYSE:CAT) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,036 shares of the industrial products company’s stock after selling 605 shares during the quarter. CENTRAL TRUST Co’s holdings in Caterpillar were worth $15,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAT. Thompson Investment Management Inc. acquired a new stake in Caterpillar during the first quarter valued at $27,000. Partnership Wealth Management LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth about $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $27,000. Vima LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $30,000. Finally, Gilfoyle & Co LLC acquired a new position in Caterpillar in the 4th quarter worth about $30,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the sale, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock traded down $3.59 during trading hours on Tuesday, reaching $359.16. The company had a trading volume of 1,840,761 shares, compared to its average volume of 2,474,364. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01. The company has a market capitalization of $175.65 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.52 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The stock has a fifty day moving average of $356.48 and a 200-day moving average of $313.06.

Caterpillar (NYSE:CATGet Free Report) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. On average, equities analysts anticipate that Caterpillar Inc. will post 21.8 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were issued a $1.30 dividend. The ex-dividend date was Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.45%. Caterpillar’s payout ratio is 23.48%.

Analyst Ratings Changes

Several analysts have commented on CAT shares. TD Cowen raised their price objective on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday, April 26th. Truist Financial began coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. HSBC lifted their target price on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $323.35.

View Our Latest Analysis on CAT

About Caterpillar

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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