Caterpillar Inc. (NYSE:CAT) Shares Sold by Community Bank of Raymore

Community Bank of Raymore trimmed its position in Caterpillar Inc. (NYSE:CAT) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,111 shares of the industrial products company’s stock after selling 4,242 shares during the quarter. Caterpillar comprises approximately 5.5% of Community Bank of Raymore’s holdings, making the stock its 2nd largest position. Community Bank of Raymore’s holdings in Caterpillar were worth $6,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Seven Eight Capital LP bought a new stake in Caterpillar in the 2nd quarter valued at $523,000. AE Wealth Management LLC increased its holdings in Caterpillar by 24.9% in the 2nd quarter. AE Wealth Management LLC now owns 23,025 shares of the industrial products company’s stock valued at $7,670,000 after buying an additional 4,589 shares during the period. Pacer Advisors Inc. increased its holdings in Caterpillar by 7.7% in the 2nd quarter. Pacer Advisors Inc. now owns 45,106 shares of the industrial products company’s stock valued at $15,025,000 after buying an additional 3,211 shares during the period. Sei Investments Co. increased its holdings in Caterpillar by 3.4% in the 2nd quarter. Sei Investments Co. now owns 118,189 shares of the industrial products company’s stock valued at $39,372,000 after buying an additional 3,852 shares during the period. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Caterpillar by 1.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 208,187 shares of the industrial products company’s stock valued at $69,347,000 after purchasing an additional 3,780 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock valued at $13,480,389 in the last ninety days. 0.29% of the stock is owned by insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $386.03 on Monday. 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 Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The company has a market cap of $186.38 billion, a PE ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. The company’s 50-day moving average is $380.09 and its two-hundred day moving average is $367.29.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the company posted $5.52 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The business 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 $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CAT shares. Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Robert W. Baird boosted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Bank of America boosted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Three research 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $380.60.

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.