Members Trust Co Has $4.34 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Members Trust Co lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,630 shares of the industrial products company’s stock after selling 1,960 shares during the quarter. Caterpillar makes up about 0.1% of Members Trust Co’s investment portfolio, making the stock its 21st largest position. Members Trust Co’s holdings in Caterpillar were worth $4,343,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in Caterpillar by 130,632.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after buying an additional 9,776,533 shares in the last quarter. Norges Bank acquired a new stake in Caterpillar in the 4th quarter valued at $1,175,255,000. Ontario Teachers Pension Plan Board acquired a new stake in Caterpillar in the 1st quarter valued at $433,134,000. Imprint Wealth LLC boosted its stake in Caterpillar by 24,982.9% in the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock valued at $153,808,000 after buying an additional 1,531,952 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CAT. TD Cowen boosted their price objective on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Stifel Nicolaus boosted their price objective on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Morgan Stanley started coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective on the stock. Finally, Sanford C. Bernstein boosted their target price on Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $301.94.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.5 %

NYSE CAT traded down $1.72 during trading on Monday, reaching $363.91. 2,135,632 shares of the stock traded hands, compared to its average volume of 2,435,963. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The firm has a market cap of $181.74 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The stock’s 50-day moving average price is $342.95 and its 200 day moving average price is $295.12.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.86 EPS. Analysts predict that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio is presently 25.82%.

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.