Caterpillar Inc. (NYSE:CAT) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 93.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,414 shares of the industrial products company’s stock after buying an additional 1,653 shares during the period. Fulton Bank N.A.’s holdings in Caterpillar were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Fairscale Capital LLC bought a new stake in shares of Caterpillar in the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter valued at $36,000. Kimelman & Baird LLC boosted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. HWG Holdings LP acquired a new position in Caterpillar in the second quarter worth approximately $54,000. Finally, SOA Wealth Advisors LLC. raised its position in shares of Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 0.6 %

NYSE:CAT opened at $360.75 on Thursday. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50. The firm has a 50-day simple moving average of $383.04 and a two-hundred day simple moving average of $365.03. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market cap of $174.17 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.92 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). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company 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 posted $5.52 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Activity

In related news, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 15.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 in the last ninety days. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CAT shares. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Truist Financial boosted their price target on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Evercore ISI cut shares of Caterpillar from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $321.00 to $365.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus target price of $384.33.

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.