Community Bank & Trust Waco Texas Purchases 2,905 Shares of Caterpillar Inc. (NYSE:CAT)

Community Bank & Trust Waco Texas raised its stake in Caterpillar Inc. (NYSE:CAT) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,756 shares of the industrial products company’s stock after buying an additional 2,905 shares during the period. Caterpillar accounts for 2.1% of Community Bank & Trust Waco Texas’ holdings, making the stock its 9th largest holding. Community Bank & Trust Waco Texas’ holdings in Caterpillar were worth $7,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Caterpillar by 28,603.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Winslow Capital Management LLC lifted its holdings in shares of Caterpillar by 2,265.3% during the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after purchasing an additional 1,070,570 shares during the period. FMR LLC lifted its holdings in shares of Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Caterpillar during the third quarter worth $101,872,000. Finally, Cerity Partners LLC lifted its holdings in shares of Caterpillar by 265.2% during the fourth quarter. Cerity Partners LLC now owns 507,322 shares of the industrial products company’s stock worth $150,000,000 after purchasing an additional 368,421 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Down 0.3 %

Caterpillar stock traded down $0.94 during midday trading on Wednesday, hitting $362.31. 996,450 shares of the stock were exchanged, compared to its average volume of 2,408,629. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The stock has a market capitalization of $180.94 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The business’s 50-day moving average price is $348.44 and its 200-day moving average price is $299.59. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.86 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 21.32 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. The Goldman Sachs Group lifted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup lifted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $307.56.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last three months. 0.33% of the stock is currently owned by insiders.

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.