Caterpillar Inc. (NYSE:CAT) Stock Position Cut by Members Trust Co

Members Trust Co trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,468 shares of the industrial products company’s stock after selling 800 shares during the quarter. Caterpillar comprises 0.0% of Members Trust Co’s holdings, making the stock its 23rd biggest position. Members Trust Co’s holdings in Caterpillar were worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Richardson Financial Services Inc. acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $27,000. Thompson Investment Management Inc. acquired a new stake in shares of Caterpillar during the 1st quarter valued at $27,000. Bbjs Financial Advisors LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $28,000. Financial Connections Group Inc. acquired a new position in shares of Caterpillar in the 2nd quarter worth $28,000. Finally, Fairman Group LLC acquired a new stake in shares of Caterpillar during the first quarter worth $29,000. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of CAT stock traded down $4.58 during trading hours on Tuesday, hitting $389.37. 1,395,619 shares of the company’s stock were exchanged, compared to its average volume of 2,646,054. The stock’s 50-day moving average is $358.99 and its 200-day moving average is $349.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The stock has a market cap of $190.42 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.91 billion. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $5.55 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 21.91 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.46%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CAT shares. Truist Financial boosted their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup boosted their target price on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays lifted their price target on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Evercore ISI dropped their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $355.50.

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.