Caterpillar Inc. (NYSE:CAT) Shares Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,952 shares of the industrial products company’s stock after purchasing an additional 207 shares during the quarter. Heartland Bank & Trust Co’s holdings in Caterpillar were worth $1,071,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth about $701,000. McLean Asset Management Corp boosted its stake in shares of Caterpillar by 8.8% during the 4th quarter. McLean Asset Management Corp now owns 801 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 65 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Caterpillar by 9.1% in the 4th quarter. Pacer Advisors Inc. now owns 50,097 shares of the industrial products company’s stock worth $18,173,000 after acquiring an additional 4,167 shares during the period. Cornerstone Wealth Group LLC raised its holdings in Caterpillar by 1.9% during the fourth quarter. Cornerstone Wealth Group LLC now owns 4,604 shares of the industrial products company’s stock worth $1,670,000 after purchasing an additional 85 shares during the last quarter. Finally, waypoint wealth counsel boosted its position in Caterpillar by 9.4% during the fourth quarter. waypoint wealth counsel now owns 905 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CAT. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a research report on Monday, January 13th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised 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. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Truist Financial lowered their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $380.60.

Caterpillar Trading Up 0.4 %

Shares of CAT stock opened at $407.95 on Monday. Caterpillar Inc. has a 1-year low of $293.13 and a 1-year high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $381.07 and its 200-day simple moving average is $369.79. The firm has a market cap of $196.96 billion, a P/E ratio of 18.91, a PEG ratio of 1.97 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter last year, the business earned $5.52 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The company 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 dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 in the last three months. 0.29% of the stock is owned by 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.