Community Bank & Trust Waco Texas Has $7.62 Million Stake in Caterpillar Inc. (NYSE:CAT)

Community Bank & Trust Waco Texas boosted its position in Caterpillar Inc. (NYSE:CAT) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,756 shares of the industrial products company’s stock after acquiring an additional 2,905 shares during the period. Caterpillar accounts for approximately 2.1% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 9th biggest holding. Community Bank & Trust Waco Texas’ holdings in Caterpillar were worth $7,615,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CAT. Waterway Wealth Management LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at about $352,000. Farmers Trust Co. raised its position in Caterpillar by 2.7% during the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after buying an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC raised its position in Caterpillar by 19.4% during the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after buying an additional 296 shares during the last quarter. Panagora Asset Management Inc. raised its position in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC raised its position in Caterpillar by 7.8% during the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after buying an additional 78 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

NYSE CAT traded down $0.94 on Wednesday, reaching $362.31. The stock had a trading volume of 996,450 shares, compared to its average volume of 2,408,629. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The business’s 50-day moving average price is $348.44 and its 200 day moving average price is $299.59. The stock has a market cap of $180.94 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the prior year, the business earned $3.86 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 21.32 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. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” 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 objective for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Truist Financial assumed coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $307.56.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 over the last 90 days. 0.33% of the stock is currently owned by insiders.

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.