UMB Bank n.a. Has $19.92 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

UMB Bank n.a. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,899 shares of the industrial products company’s stock after selling 3,220 shares during the quarter. UMB Bank n.a.’s holdings in Caterpillar were worth $19,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. M.E. Allison & CO. Inc. acquired a new stake in shares of Caterpillar in the fourth quarter valued at $306,000. Trueblood Wealth Management LLC increased its stake in shares of Caterpillar by 3.1% in the fourth quarter. Trueblood Wealth Management LLC now owns 6,753 shares of the industrial products company’s stock valued at $2,450,000 after buying an additional 202 shares in the last quarter. Mechanics Bank Trust Department increased its stake in shares of Caterpillar by 3.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,373 shares of the industrial products company’s stock valued at $861,000 after buying an additional 81 shares in the last quarter. Diversify Wealth Management LLC increased its stake in shares of Caterpillar by 36.7% in the fourth quarter. Diversify Wealth Management LLC now owns 1,992 shares of the industrial products company’s stock valued at $699,000 after buying an additional 535 shares in the last quarter. Finally, Client 1ST Advisory Group LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $203,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CAT shares. Bank of America lifted their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Truist Financial lowered 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. UBS Group lifted their price objective on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $380.60.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. The trade was a 17.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,868 shares of company stock worth $13,480,389. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 1.4 %

NYSE:CAT opened at $386.03 on Monday. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week 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 stock has a market capitalization of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The business’s 50-day simple moving average is $380.09 and its 200-day simple moving average is $367.29.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

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.