First National Bank & Trust Co. of Newtown Decreases Holdings in Caterpillar Inc. (NYSE:CAT)

First National Bank & Trust Co. of Newtown reduced its holdings in Caterpillar Inc. (NYSE:CAT) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,489 shares of the industrial products company’s stock after selling 154 shares during the period. Caterpillar makes up 0.6% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 25th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Caterpillar were worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its stake in shares of Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after buying an additional 9,776,533 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley lifted its stake in shares of Caterpillar by 0.7% in the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after buying an additional 47,258 shares in the last quarter. FMR LLC lifted its stake in shares of Caterpillar by 14.9% in the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after buying an additional 781,111 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Caterpillar by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock worth $892,724,000 after buying an additional 92,360 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.5 %

CAT traded down $1.84 during trading hours on Friday, hitting $354.79. 990,227 shares of the company’s stock were exchanged, compared to its average volume of 2,414,968. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm has a 50 day moving average of $345.95 and a 200 day moving average of $297.21. The firm has a market cap of $177.18 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. During the same period in the prior year, the firm earned $3.86 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts predict that Caterpillar Inc. will post 21.4 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CAT shares. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Robert W. Baird raised their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Truist Financial started coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.56.

About Caterpillar

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.