Community Bank of Raymore Sells 4,242 Shares of Caterpillar Inc. (NYSE:CAT)

Community Bank of Raymore trimmed its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,111 shares of the industrial products company's stock after selling 4,242 shares during the period. Caterpillar accounts for approximately 5.5% of Community Bank of Raymore's holdings, making the stock its 2nd largest position. Community Bank of Raymore's holdings in Caterpillar were worth $6,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the third quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $34,000. Fairscale Capital LLC bought a new stake in Caterpillar during the second quarter worth approximately $36,000. Kimelman & Baird LLC raised its position in shares of Caterpillar by 42.9% in the third 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 period. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after buying an additional 65 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

NYSE CAT traded up $5.48 during trading on Monday, reaching $386.03. 2,596,820 shares of the company traded hands, compared to its average volume of 1,595,788. Caterpillar Inc. has a 1-year low of $277.66 and a 1-year high of $418.50. 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 stock's 50 day moving average price is $380.09 and its two-hundred day moving average price is $367.29. The company has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13.

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

Caterpillar Announces Dividend

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

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares of the company's stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 12,657 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. 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. Corporate insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CAT shares. Bank of America lifted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Evercore ISI raised Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price objective for the company in a research report on Monday, January 13th. Morgan Stanley downgraded Caterpillar from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Friday. Finally, UBS Group upped their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of "Hold" and a consensus price target of $380.60.

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.