Caterpillar Inc. (NYSE:CAT) Shares Sold by Iowa State Bank

Iowa State Bank reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,597 shares of the industrial products company’s stock after selling 109 shares during the period. Iowa State Bank’s holdings in Caterpillar were worth $4,570,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fairscale Capital LLC purchased a new stake in Caterpillar during the second quarter worth $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the 3rd quarter valued at about $36,000. Kimelman & Baird LLC raised its position in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of Caterpillar in the second quarter valued at about $54,000. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial lifted their price objective on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Evercore ISI cut shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $321.00 to $365.00 in a research note on Wednesday, November 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. Finally, StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $384.33.

Insider Buying and Selling at Caterpillar

In other news, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Caterpillar Trading Up 0.2 %

CAT traded up $0.65 during trading on Monday, hitting $364.44. 737,587 shares of the company’s stock were exchanged, compared to its average volume of 1,299,030. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The stock has a 50 day moving average price of $384.44 and a 200 day moving average price of $364.57. The firm has a market cap of $175.95 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) 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). The company 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 firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.52 earnings per share. As a group, analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 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.