Crossmark Global Holdings Inc. Cuts Stock Position in Caterpillar Inc. (NYSE:CAT)

Crossmark Global Holdings Inc. lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,550 shares of the industrial products company's stock after selling 1,020 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Caterpillar were worth $16,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar during the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $34,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar during the 2nd quarter valued at about $36,000. Kimelman & Baird LLC increased its position in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after buying an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in 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 period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Shares of NYSE:CAT traded up $13.62 during midday trading on Tuesday, reaching $398.23. 903,080 shares of the company's stock traded hands, compared to its average volume of 1,934,759. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a one year low of $286.10 and a one year high of $418.50. The company has a market cap of $192.26 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.91 and a beta of 1.13. The stock has a 50 day moving average of $379.88 and a 200 day moving average of $367.68.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.52 EPS. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.42%. Caterpillar's payout ratio is 26.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CAT shares. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial lowered their price objective on Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research report on Monday, November 4th. Finally, Bank of America raised their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $380.60.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction that occurred on 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 directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock worth $13,480,389 in the last ninety days. Insiders own 0.29% of the company's stock.

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.