Bath Savings Trust Co Buys 53 Shares of Caterpillar Inc. (NYSE:CAT)

Bath Savings Trust Co raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,402 shares of the industrial products company’s stock after purchasing an additional 53 shares during the period. Bath Savings Trust Co’s holdings in Caterpillar were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % 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 quarter. Company insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 0.2 %

Shares of CAT traded up $0.72 during mid-day trading on Tuesday, reaching $364.92. The company’s stock had a trading volume of 581,567 shares, compared to its average volume of 1,337,871. The stock has a market cap of $176.18 billion, a PE ratio of 16.92, a P/E/G ratio of 1.92 and a beta of 1.13. The company’s fifty day moving average price is $383.90 and its two-hundred day moving average price is $364.82. Caterpillar Inc. has a 52 week low of $276.94 and a 52 week high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm posted $5.52 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.55%. Caterpillar’s dividend payout ratio is currently 26.15%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st. Truist Financial lifted their target price on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup raised their price objective on shares of Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Bank of America upped their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $384.33.

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.