Wilmington Savings Fund Society FSB Increases Position in Caterpillar Inc. (NYSE:CAT)

Wilmington Savings Fund Society FSB lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 139.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,129 shares of the industrial products company's stock after buying an additional 12,294 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Caterpillar were worth $8,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in 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 worth $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. Altshuler Shaham Ltd lifted its stake in shares of Caterpillar by 3,319.7% in the second 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 in the last quarter. Zurich Insurance Group Ltd FI lifted its stake in shares of Caterpillar by 4,018.6% in the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock worth $99,874,000 after buying an additional 249,155 shares in the last quarter. Fisher Asset Management LLC lifted 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 buying an additional 205,012 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Caterpillar by 34.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company's stock worth $305,908,000 after buying an additional 200,210 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. Bank of America upped their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Robert W. Baird upped their price objective on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. Truist Financial upped their price target on Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. UBS Group upped their price target on Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. Finally, Citigroup upped their price objective on Caterpillar from $435.00 to $460.00 and gave the stock a "buy" rating in a research note on Monday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $374.69.

Caterpillar Trading Down 0.3 %

CAT traded down $1.25 during trading on Friday, hitting $379.53. 895,026 shares of the stock were exchanged, compared to its average volume of 2,548,419. The firm has a 50 day simple moving average of $392.62 and a 200 day simple moving average of $360.15. The firm has a market cap of $183.24 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.92 and a beta of 1.10. Caterpillar Inc. has a 1 year low of $270.55 and a 1 year high of $418.50. 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 (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the business earned $5.52 EPS. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

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 given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.49%. Caterpillar's payout ratio is presently 26.15%.

Insider Buying and Selling

In other news, insider Cheryl H. Johnson sold 2,664 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares of the company's stock, valued at approximately $4,906,356.84. The trade was a 17.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is owned by insiders.

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.