Caterpillar Inc. (NYSE:CAT) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,526 shares of the industrial products company’s stock after selling 195 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Caterpillar were worth $2,367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $34,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the third quarter worth about $36,000. Kimelman & Baird LLC boosted its holdings in 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 last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in shares of 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 buying an additional 65 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America raised their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. 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. Truist Financial lowered their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. 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 company. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $380.60.

Insider Buying and Selling

In related news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock worth $13,480,389 in the last quarter. Company insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 1.4 %

CAT opened at $386.03 on Friday. The firm 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. Caterpillar Inc. has a 52 week low of $277.66 and a 52 week high of $418.50. The business’s 50 day moving average is $380.09 and its two-hundred day moving average is $367.03. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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). The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.52 earnings per share. On average, research analysts predict that Caterpillar Inc. will post 21.68 EPS 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 paid 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 dividend payout ratio (DPR) is 26.15%.

About Caterpillar

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.