First Community Trust NA Has $346,000 Stake in Caterpillar Inc. (NYSE:CAT)

First Community Trust NA decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 22.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,050 shares of the industrial products company’s stock after selling 300 shares during the period. First Community Trust NA’s holdings in Caterpillar were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after purchasing an additional 284,366 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after purchasing an additional 236,315 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after purchasing an additional 129,143 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after purchasing an additional 724,477 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $2,184,364,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CAT shares. Citigroup raised their price target on shares of Caterpillar from $320.00 to $370.00 and gave the company a “buy” rating in a report on Monday, May 5th. Evercore ISI lowered their price target on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a report on Monday, May 19th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $272.00 to $357.00 in a report on Friday, May 16th. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Moderate Buy” and an average target price of $372.92.

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 1.3%

Shares of NYSE CAT opened at $347.10 on Friday. The company’s fifty day moving average is $319.22 and its 200-day moving average is $351.14. The stock has a market cap of $163.50 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $5.60 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.62%. Caterpillar’s dividend payout ratio is 27.49%.

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.