Caterpillar Inc. (NYSE:CAT) Shares Purchased by Peoples Bank KS

Peoples Bank KS boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 79.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,708 shares of the industrial products company’s stock after acquiring an additional 1,200 shares during the period. Peoples Bank KS’s holdings in Caterpillar were worth $982,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the 3rd quarter valued at approximately $36,000. Fairscale Capital LLC purchased a new stake in shares of Caterpillar in the second quarter valued at $36,000. Kimelman & Baird LLC boosted its stake in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 50 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in Caterpillar in the 2nd quarter valued at about $54,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Down 0.3 %

Shares of CAT opened at $363.24 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 12 month low of $276.94 and a 12 month high of $418.50. The stock has a market cap of $175.37 billion, a PE ratio of 16.84, a P/E/G ratio of 1.92 and a beta of 1.13. The stock’s 50-day moving average is $383.41 and its two-hundred day moving average is $365.06.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the business earned $5.52 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued 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 yield of 1.55%. Caterpillar’s dividend payout ratio is currently 26.15%.

Insider Activity

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock worth $9,679,489 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of analyst reports. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Citigroup increased their price target on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Bank of America lifted their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Truist Financial upped their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $384.33.

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.