First National Bank & Trust Co. of Newtown Sells 154 Shares of Caterpillar Inc. (NYSE:CAT)

First National Bank & Trust Co. of Newtown lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,489 shares of the industrial products company’s stock after selling 154 shares during the period. Caterpillar makes up approximately 0.6% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 25th largest position. First National Bank & Trust Co. of Newtown’s holdings in Caterpillar were worth $2,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Waterway Wealth Management LLC purchased a new stake in Caterpillar in the fourth quarter worth approximately $352,000. Farmers Trust Co. boosted its holdings in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after purchasing an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC boosted its holdings in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 296 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after purchasing an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in Caterpillar by 7.8% in the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAT. Robert W. Baird raised their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Sanford C. Bernstein raised their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. The Goldman Sachs Group lifted their price target on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley started coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $307.56.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is accessible through this link. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,769 shares of company stock worth $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of CAT traded down $1.84 during trading hours on Friday, reaching $354.79. 990,227 shares of the stock traded hands, compared to its average volume of 2,414,968. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $177.18 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The company’s 50-day moving average price is $345.95 and its two-hundred day moving average price is $297.21. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. Caterpillar’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.86 EPS. On average, analysts anticipate that Caterpillar Inc. will post 21.4 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.47%. Caterpillar’s dividend payout ratio is currently 25.82%.

Caterpillar 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.