City State Bank Buys 614 Shares of Caterpillar Inc. (NYSE:CAT)

City State Bank boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,550 shares of the industrial products company’s stock after purchasing an additional 614 shares during the quarter. City State Bank’s holdings in Caterpillar were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Oppenheimer Asset Management Inc. boosted its position in Caterpillar by 59.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,641 shares of the industrial products company’s stock valued at $12,871,000 after acquiring an additional 14,382 shares in the last quarter. Lyell Wealth Management LP lifted its position in Caterpillar by 2.4% during the second quarter. Lyell Wealth Management LP now owns 35,367 shares of the industrial products company’s stock valued at $11,781,000 after acquiring an additional 820 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Caterpillar by 1.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,318,999 shares of the industrial products company’s stock valued at $439,359,000 after acquiring an additional 12,979 shares in the last quarter. Wilkins Investment Counsel Inc. grew its holdings in Caterpillar by 6.1% in the second quarter. Wilkins Investment Counsel Inc. now owns 3,220 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 185 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of Caterpillar by 1,342.4% during the 2nd quarter. WINTON GROUP Ltd now owns 53,469 shares of the industrial products company’s stock valued at $17,811,000 after purchasing an additional 49,762 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday. Truist Financial upped their target price on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Bank of America lifted their price target on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.33.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $8.23 on Monday, hitting $359.23. The company’s stock had a trading volume of 685,548 shares, compared to its average volume of 1,648,352. 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 Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The firm has a fifty day moving average price of $382.16 and a 200-day moving average price of $365.69. The company has a market capitalization of $173.44 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS 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 company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the prior year, the firm earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar 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 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. The trade was a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,868 shares of company stock worth $9,679,489. Corporate insiders own 0.29% of the company’s stock.

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.