UMB Bank n.a. Has $19.92 Million Stake in Caterpillar Inc. (NYSE:CAT)

UMB Bank n.a. cut its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,899 shares of the industrial products company's stock after selling 3,220 shares during the period. UMB Bank n.a.'s holdings in Caterpillar were worth $19,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter worth $34,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the second quarter worth about $36,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter valued at about $36,000. Kimelman & Baird LLC grew its position in shares of Caterpillar by 42.9% in the 3rd 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 increased its stake in Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after purchasing an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

CAT stock traded up $5.48 during trading hours on Monday, reaching $386.03. The stock had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. The stock has a 50-day simple moving average of $380.09 and a 200 day simple moving average of $367.29. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The stock has a market capitalization of $186.38 billion, a PE 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.

Caterpillar (NYSE:CAT - Get Free Report) last issued its 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). The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $5.52 earnings per share. Analysts predict that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Insider Buying and Selling at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock valued at $13,480,389 in the last quarter. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAT. Evercore ISI raised shares of Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price target on the stock in a research note on Monday, January 13th. UBS Group boosted their price objective 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. Truist Financial lowered their target price on Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a report on Thursday. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Citigroup decreased their price objective on Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $380.60.

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.