Atwater Malick LLC Has $15.32 Million Position in Caterpillar Inc. (NYSE:CAT)

Atwater Malick LLC cut its position in Caterpillar Inc. (NYSE:CAT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,226 shares of the industrial products company’s stock after selling 715 shares during the quarter. Caterpillar comprises about 5.1% of Atwater Malick LLC’s holdings, making the stock its 4th largest position. Atwater Malick LLC’s holdings in Caterpillar were worth $15,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B & T Capital Management DBA Alpha Capital Management raised its stake in Caterpillar by 1.1% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,128 shares of the industrial products company’s stock valued at $4,762,000 after acquiring an additional 141 shares during the period. Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at approximately $34,000. Brooklyn Investment Group grew its stake in Caterpillar by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 2,872 shares of the industrial products company’s stock valued at $1,042,000 after buying an additional 87 shares in the last quarter. Finally, Cranbrook Wealth Management LLC raised its holdings in Caterpillar by 3.5% during the 4th quarter. Cranbrook Wealth Management LLC now owns 2,247 shares of the industrial products company’s stock valued at $815,000 after acquiring an additional 75 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $380.60.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $386.03 on Friday. The firm 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 company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12 month low of $277.66 and a 12 month high of $418.50. The business’s 50-day moving average price is $380.09 and its 200-day moving average price is $366.76.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results 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 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 in the previous year, the business earned $5.52 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Insider Activity

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were 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 in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is currently 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.