Woodstock Corp Has $755,000 Position in Caterpillar Inc. (NYSE:CAT)

Woodstock Corp decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,080 shares of the industrial products company’s stock after selling 200 shares during the quarter. Woodstock Corp’s holdings in Caterpillar were worth $755,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB lifted its stake in Caterpillar by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares during the period. Alpha Cubed Investments LLC raised its holdings in shares of Caterpillar by 5.6% in the 3rd quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after buying an additional 6,212 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after buying an additional 4,181 shares in the last quarter. First Affirmative Financial Network bought a new stake in Caterpillar in the third quarter valued at $204,000. Finally, Inspire Advisors LLC raised its stake in Caterpillar by 25.8% during the third quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company’s stock worth $3,233,000 after acquiring an additional 1,694 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Up 1.6 %

Shares of NYSE CAT opened at $380.85 on Friday. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The firm’s 50-day moving average is $380.24 and its 200-day moving average is $366.36. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $183.87 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.52 earnings per share. Equities analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.48%. Caterpillar’s dividend payout ratio is presently 26.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Bank of America lifted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research report on Monday. Finally, Truist Financial cut their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $380.60.

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.