CENTRAL TRUST Co Sells 605 Shares of Caterpillar Inc. (NYSE:CAT)

CENTRAL TRUST Co lowered its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the 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.

A number of other large investors have also added to or reduced their stakes in CAT. Southland Equity Partners LLC raised its holdings in Caterpillar by 4.0% during the 1st quarter. Southland Equity Partners LLC now owns 784 shares of the industrial products company’s stock valued at $287,000 after buying an additional 30 shares during the last quarter. Davis Investment Partners LLC raised its stake in shares of Caterpillar by 2.1% during the first quarter. Davis Investment Partners LLC now owns 1,454 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 30 shares during the last quarter. Exchange Capital Management Inc. boosted its holdings in shares of Caterpillar by 3.3% during the first quarter. Exchange Capital Management Inc. now owns 1,016 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 32 shares during the period. McIlrath & Eck LLC increased its holdings in Caterpillar by 4.4% during the 4th quarter. McIlrath & Eck LLC now owns 789 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 33 shares during the period. Finally, Versant Capital Management Inc raised its position in Caterpillar by 7.4% during the 1st quarter. Versant Capital Management Inc now owns 480 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 1.0 %

Caterpillar stock traded down $3.59 during mid-day trading on Tuesday, reaching $359.16. The stock had a trading volume of 1,840,761 shares, compared to its average volume of 2,474,364. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company has a 50-day moving average price of $356.48 and a two-hundred day moving average price of $313.06. 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 current ratio of 1.35 and a quick ratio of 0.83.

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, topping the consensus estimate of $5.12 by $0.48. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, analysts expect that Caterpillar Inc. will post 21.8 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now owns 71,115 shares in the company, valued at $25,380,943.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Maclennan bought 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CAT. Truist Financial started coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their target price on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus cut shares of Caterpillar from a “buy” rating to a “hold” rating and boosted their price target for the company from $293.00 to $350.00 in a research report on Friday, April 26th. Finally, Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $323.35.

Check Out Our Latest Stock Analysis on Caterpillar

Caterpillar Profile

(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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