557 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Northwest Bank & Trust Co

Northwest Bank & Trust Co bought a new stake in shares of Caterpillar Inc. (NYSE:CATFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 557 shares of the industrial products company’s stock, valued at approximately $165,000.

Several other large investors also recently made changes to their positions in CAT. McIlrath & Eck LLC increased its holdings in shares of Caterpillar by 4.4% during the fourth quarter. McIlrath & Eck LLC now owns 789 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 33 shares during the period. Lodestar Private Asset Management LLC raised its holdings in Caterpillar by 4.4% in the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its position in shares of Caterpillar by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 35 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 36 shares in the last quarter. Finally, ACT Wealth Management LLC increased its position in shares of Caterpillar by 4.3% in the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 36 shares during the period. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAT. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Stifel Nicolaus cut shares of Caterpillar from a “buy” rating to a “hold” rating and lifted their price objective for the company from $293.00 to $350.00 in a research note on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. TD Cowen lifted their price target on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $323.35.

Check Out Our Latest Research Report on CAT

Caterpillar Trading Down 1.5 %

Shares of Caterpillar stock traded down $4.89 during midday trading on Friday, reaching $321.47. The company had a trading volume of 4,195,333 shares, compared to its average volume of 2,954,731. The stock has a fifty day moving average price of $347.82 and a 200 day moving average price of $324.06. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $382.01. The firm has a market cap of $157.21 billion, a PE ratio of 14.51, a P/E/G ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, equities analysts anticipate that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be issued a dividend of $1.41 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.30. This represents a $5.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, July 22nd. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares in the company, valued at approximately $25,380,943.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director David Maclennan purchased 500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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