Trust Co of Kansas Acquires New Stake in Caterpillar Inc. (NYSE:CAT)

Trust Co of Kansas acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 701 shares of the industrial products company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Gilfoyle & Co LLC acquired a new stake in Caterpillar during the 4th quarter worth about $30,000. Fortitude Family Office LLC acquired a new stake in Caterpillar during the 4th quarter worth about $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar during the 3rd quarter worth about $41,000. Rational Advisors LLC acquired a new stake in Caterpillar during the 3rd quarter worth about $42,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Caterpillar during the 3rd quarter worth about $44,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAT has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. TD Cowen increased their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $307.56.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $5.64 during mid-day trading on Tuesday, hitting $363.25. 1,809,523 shares of the stock were exchanged, compared to its average volume of 2,422,764. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $382.01. The company has a 50-day simple moving average of $347.42 and a 200 day simple moving average of $298.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The company has a market capitalization of $181.41 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter last year, the business posted $3.86 EPS. Caterpillar’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. Caterpillar’s payout ratio is currently 25.82%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last quarter. Insiders own 0.33% of the company’s stock.

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.