Hilltop National Bank Sells 144 Shares of Caterpillar Inc. (NYSE:CAT)

Hilltop National Bank lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,502 shares of the industrial products company’s stock after selling 144 shares during the quarter. Hilltop National Bank’s holdings in Caterpillar were worth $908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Caterpillar in the third quarter valued at about $36,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Kimelman & Baird LLC boosted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 50 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in Caterpillar during the second quarter valued at approximately $54,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares in the company, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Down 2.5 %

NYSE:CAT traded down $9.03 on Friday, reaching $352.04. 890,830 shares of the stock traded hands, compared to its average volume of 1,508,660. The firm has a market capitalization of $169.97 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. Caterpillar Inc. has a 1-year low of $276.94 and a 1-year 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. The company’s 50 day moving average is $382.73 and its 200-day moving average is $365.00.

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

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. 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 1.60%. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Bank of America boosted their price target on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $321.00 to $365.00 in a report on Wednesday, November 13th. Citigroup increased their price objective on shares of Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Truist Financial boosted their target price on shares of Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $384.33.

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.