Heritage Trust Co Acquires Shares of 9,836 Caterpillar Inc. (NYSE:CAT)

Heritage Trust Co acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,836 shares of the industrial products company's stock, valued at approximately $3,568,000.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of Caterpillar by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $230,000. Cadinha & Co. LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $11,084,000. Atomi Financial Group Inc. boosted its holdings in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after acquiring an additional 871 shares in the last quarter. Finally, Copley Financial Group Inc. acquired a new position in shares of Caterpillar during the third quarter valued at approximately $800,000. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Citigroup lowered their target price on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley lowered their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Finally, Bank of America reduced their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Hold" and a consensus target price of $365.87.

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Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

NYSE:CAT traded down $1.37 during mid-day trading on Tuesday, hitting $296.75. 1,227,689 shares of the company's stock traded hands, compared to its average volume of 2,623,421. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $332.75 and a two-hundred day moving average of $366.35. The firm has a market capitalization of $141.83 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.

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, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.90%. Caterpillar's payout ratio is 25.56%.

Caterpillar Company 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.