Bremer Bank National Association Sells 268 Shares of Caterpillar Inc. (NYSE:CAT)

Bremer Bank National Association trimmed its position in Caterpillar Inc. (NYSE:CAT) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 717 shares of the industrial products company’s stock after selling 268 shares during the period. Bremer Bank National Association’s holdings in Caterpillar were worth $260,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at about $34,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar in the second quarter valued at about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the third quarter valued at about $36,000. Kimelman & Baird LLC raised its holdings 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 in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its holdings in Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 65 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at approximately $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 have sold 33,868 shares of company stock valued at $13,480,389 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CAT. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Citigroup dropped their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a report on Monday, January 13th. Truist Financial dropped their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $380.60.

Caterpillar Price Performance

Caterpillar stock opened at $386.03 on Monday. Caterpillar Inc. has a 12 month low of $277.66 and a 12 month high of $418.50. The stock’s 50 day moving average is $380.09 and its 200-day moving average is $367.29. 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 company has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its earnings results 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 firm 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%. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 EPS. Equities research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The business 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. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 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.