Sanibel Captiva Trust Company Inc. Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Sanibel Captiva Trust Company Inc. grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,329 shares of the industrial products company's stock after acquiring an additional 942 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Caterpillar were worth $16,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAT. International Assets Investment Management LLC increased its holdings in shares of Caterpillar by 39,534.0% in the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. Altshuler Shaham Ltd increased its holdings in Caterpillar by 3,319.7% in the 2nd quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock worth $91,606,000 after buying an additional 266,969 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in shares of Caterpillar by 4,018.6% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock valued at $99,874,000 after acquiring an additional 249,155 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Caterpillar by 2.3% in the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock worth $3,501,554,000 after acquiring an additional 205,012 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Caterpillar by 34.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company's stock valued at $305,908,000 after purchasing an additional 200,210 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $5.48 during midday trading on Friday, hitting $386.03. The company had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. Caterpillar Inc. has a twelve month low of $277.66 and a twelve month high of $418.50. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business's 50-day simple moving average is $380.09 and its 200-day simple moving average is $367.03.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 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 analysts' expectations of $16.37 billion. During the same quarter in the prior year, the firm earned $5.52 EPS. The firm's revenue was down 4.2% on a year-over-year basis. On average, research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current 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 given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar's payout ratio is presently 26.15%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Citigroup reduced their price target on Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Robert W. Baird upped their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. UBS Group raised 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, Truist Financial reduced their target price on Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $380.60.

Insider Activity at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the transaction, the director now owns 4,976 shares in the company, valued at approximately $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,868 shares of company stock worth $13,480,389. 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.