First National Bank & Trust Co. of Newtown Has $3.75 Million Holdings in Caterpillar Inc. (NYSE:CAT)

First National Bank & Trust Co. of Newtown increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,589 shares of the industrial products company’s stock after acquiring an additional 63 shares during the period. Caterpillar comprises about 0.7% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 25th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Caterpillar were worth $3,750,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dudley Capital Management LLC increased its stake in shares of Caterpillar by 10.6% in the third quarter. Dudley Capital Management LLC now owns 2,161 shares of the industrial products company’s stock valued at $845,000 after buying an additional 207 shares during the period. Western Pacific Wealth Management LP acquired a new position in Caterpillar in the 3rd quarter valued at approximately $83,000. Valley Brook Capital Group Inc. raised its stake in shares of Caterpillar by 4.1% during the third quarter. Valley Brook Capital Group Inc. now owns 7,935 shares of the industrial products company’s stock valued at $3,104,000 after acquiring an additional 310 shares during the last quarter. Washington Trust Bank lifted its holdings in shares of Caterpillar by 1.2% during the third quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 27 shares during the period. Finally, Jmac Enterprises LLC increased its holdings in Caterpillar by 3.5% in the third quarter. Jmac Enterprises LLC now owns 876 shares of the industrial products company’s stock valued at $343,000 after purchasing an additional 30 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT stock opened at $408.21 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $376.06 and a two-hundred day simple moving average of $352.50. Caterpillar Inc. has a 12 month low of $233.82 and a 12 month high of $418.50. The firm has a market capitalization of $197.94 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its earnings results 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). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 EPS. Analysts forecast that Caterpillar Inc. will post 21.77 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio is 26.15%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CAT. JPMorgan Chase & Co. increased their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Barclays raised their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Bank of America lifted 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. Finally, Robert W. Baird upped their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average target price of $358.19.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now directly owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now directly owns 4,976 shares in the company, valued at $2,079,968. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,092 shares of company stock worth $4,059,378 in the last quarter. 0.29% of the stock is currently owned by corporate 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.