Bremer Bank National Association Sells 268 Shares of Caterpillar Inc. (NYSE:CAT)

Bremer Bank National Association trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 27.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 717 shares of the industrial products company’s stock after selling 268 shares during the period. Bremer Bank National Association’s holdings in Caterpillar were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at $34,000. Fairscale Capital LLC acquired a new stake in Caterpillar in the second quarter valued at $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter valued at $36,000. Kimelman & Baird LLC increased its holdings in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC increased its holdings in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Caterpillar stock 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’s 50 day moving average price is $380.09 and its two-hundred day moving average price is $367.29. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market cap of $186.38 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its earnings results 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 return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the business earned $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial decreased their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday. Citigroup decreased their price target on Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. UBS Group increased their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Jefferies Financial Group increased their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Bank of America increased their price target on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $380.60.

Insider Activity at Caterpillar

In other news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,868 shares of company stock worth $13,480,389. Corporate insiders own 0.29% of the company’s stock.

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.