Caterpillar Inc. (NYSE:CAT) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lessened its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,477 shares of the industrial products company's stock after selling 792 shares during the period. Caterpillar makes up 0.7% of Mitchell Mcleod Pugh & Williams Inc.'s portfolio, making the stock its 27th biggest position. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Caterpillar were worth $3,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Caterpillar during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $34,000. Fairscale Capital LLC acquired a new stake in Caterpillar during the 2nd quarter valued at $36,000. Kimelman & Baird LLC increased its stake in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $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 4th 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 in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Lange Bob De sold 12,657 shares of the firm'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 value of $5,192,534.25. Following the sale, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % 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 valued at $13,480,389 in the last quarter. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CAT shares. Morgan Stanley downgraded Caterpillar from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Evercore ISI upgraded Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. Citigroup cut their target price on Caterpillar from $460.00 to $420.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Bank of America raised their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Truist Financial cut their price target on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $380.60.

Caterpillar Stock Performance

CAT traded up $5.48 on Monday, hitting $386.03. 2,596,820 shares of the company's stock were exchanged, compared to its average volume of 1,595,788. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $380.09 and a two-hundred day moving average of $367.29. Caterpillar Inc. has a twelve month low of $277.66 and a twelve month high of $418.50. The firm has a market cap of $186.38 billion, a PE 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 announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $5.52 EPS. The company's revenue for the quarter was down 4.2% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

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 given 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 1.46%. Caterpillar's dividend payout ratio is currently 26.15%.

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.