Caterpillar Inc. (NYSE:CAT) Shares Sold by Atwater Malick LLC

Atwater Malick LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,226 shares of the industrial products company's stock after selling 715 shares during the period. Caterpillar accounts for approximately 5.1% of Atwater Malick LLC's portfolio, making the stock its 4th largest position. Atwater Malick LLC's holdings in Caterpillar were worth $15,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar during the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter valued at about $34,000. Fairscale Capital LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $36,000. Kimelman & Baird LLC grew its stake in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its stake in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after purchasing an additional 65 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,868 shares of company stock valued at $13,480,389. Company insiders own 0.29% of the company's stock.

Caterpillar Price Performance

NYSE CAT traded up $5.48 during trading hours on Friday, reaching $386.03. The company's stock had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company's 50-day moving average is $380.09 and its two-hundred day moving average is $367.29. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The stock has a market cap of $186.38 billion, a PE ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.52 earnings per share. Analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a research report on Thursday. Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Morgan Stanley downgraded shares of Caterpillar from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Citigroup cut their target price on Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird lifted their price target on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $380.60.

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.