Camden National Bank Acquires 870 Shares of Caterpillar Inc. (NYSE:CAT)

Camden National Bank raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,416 shares of the industrial products company's stock after buying an additional 870 shares during the quarter. Camden National Bank's holdings in Caterpillar were worth $876,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar in the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the third quarter worth approximately $36,000. Finally, Albion Financial Group UT grew its position in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of CAT stock traded up $9.96 during mid-day trading on Friday, reaching $350.97. The company's stock had a trading volume of 3,061,142 shares, compared to its average volume of 2,503,377. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market cap of $167.74 billion, a P/E ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm's 50-day moving average is $363.11 and its two-hundred day moving average is $372.77.

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Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAT. DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Citigroup upped their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $385.00 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $383.80.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were 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 owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

About Caterpillar

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.