Caterpillar Inc. (NYSE:CAT) Stock Position Decreased by Members Trust Co

Members Trust Co cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,393 shares of the industrial products company’s stock after selling 75 shares during the quarter. Caterpillar accounts for 0.0% of Members Trust Co’s portfolio, making the stock its 24th largest holding. Members Trust Co’s holdings in Caterpillar were worth $4,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CAT. Creative Planning boosted its position in shares of Caterpillar by 1.7% in the third quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock worth $89,142,000 after buying an additional 3,772 shares during the period. Bfsg LLC boosted its position in shares of Caterpillar by 15.3% in the third quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock worth $124,000 after buying an additional 42 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Caterpillar by 3.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after buying an additional 126 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Caterpillar by 1.5% in the third quarter. Bleakley Financial Group LLC now owns 19,224 shares of the industrial products company’s stock worth $7,519,000 after buying an additional 281 shares during the period. Finally, Teamwork Financial Advisors LLC raised its holdings in shares of Caterpillar by 5.5% during the third quarter. Teamwork Financial Advisors LLC now owns 40,346 shares of the industrial products company’s stock worth $15,780,000 after acquiring an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CAT shares. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Citigroup increased their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $383.13.

Caterpillar Price Performance

NYSE CAT opened at $353.31 on Friday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. 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 market capitalization of $170.58 billion, a PE ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.12. The stock has a 50-day simple moving average of $373.30 and a 200 day simple moving average of $371.69.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Research analysts anticipate that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared 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. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 25.56%.

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $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 company 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.