Community Bank of Raymore Has $6.93 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Community Bank of Raymore trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 18.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,111 shares of the industrial products company’s stock after selling 4,242 shares during the quarter. Caterpillar accounts for 5.5% of Community Bank of Raymore’s holdings, making the stock its 2nd biggest position. Community Bank of Raymore’s holdings in Caterpillar were worth $6,933,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CAT. Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $34,000. Fairscale Capital LLC bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Kimelman & Baird LLC grew its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

Shares of CAT opened at $386.03 on Monday. Caterpillar Inc. has a 52-week low of $277.66 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The business’s 50 day moving average price is $380.09 and its two-hundred day moving average price is $367.29. The firm has a market cap of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 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 for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the firm earned $5.52 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders 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 yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CAT. Morgan Stanley downgraded 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 report on Monday, October 14th. Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial cut their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday. Finally, UBS Group increased their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $380.60.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 in the last quarter. 0.29% of the stock is currently owned by company insiders.

Caterpillar 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.