Wilmington Savings Fund Society FSB Purchases 1,303 Shares of Caterpillar Inc. (NYSE:CAT)

Wilmington Savings Fund Society FSB boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,432 shares of the industrial products company’s stock after buying an additional 1,303 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Caterpillar were worth $8,137,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. D Orazio & Associates Inc. lifted its position in Caterpillar by 12.3% during the fourth quarter. D Orazio & Associates Inc. now owns 949 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 104 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Caterpillar by 12.1% during the 4th quarter. Apollon Wealth Management LLC now owns 25,604 shares of the industrial products company’s stock worth $9,288,000 after purchasing an additional 2,763 shares during the period. Vest Financial LLC grew its stake in shares of Caterpillar by 1.1% during the fourth quarter. Vest Financial LLC now owns 150,834 shares of the industrial products company’s stock valued at $54,717,000 after buying an additional 1,662 shares during the last quarter. Clientfirst Wealth Management LLC purchased a new position in Caterpillar during the 4th quarter valued at $300,000. Finally, Shepherd Financial Partners LLC grew its holdings in shares of Caterpillar by 1.9% in the fourth quarter. Shepherd Financial Partners LLC now owns 5,894 shares of the industrial products company’s stock worth $2,138,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $383.13.

Caterpillar Trading Down 0.4 %

Caterpillar stock opened at $363.84 on Friday. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The stock has a market cap of $175.66 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a 50-day moving average of $377.44 and a two-hundred day moving average of $371.18.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, research analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed 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 1.55%. Caterpillar’s payout ratio is currently 25.56%.

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Company 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.