Perkins Coie Trust Co Lowers Position in Caterpillar Inc. (NYSE:CAT)

Perkins Coie Trust Co trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,153 shares of the industrial products company’s stock after selling 208 shares during the period. Perkins Coie Trust Co’s holdings in Caterpillar were worth $2,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stillwater Capital Advisors LLC raised its position in shares of Caterpillar by 1.5% during the 4th quarter. Stillwater Capital Advisors LLC now owns 41,315 shares of the industrial products company’s stock valued at $14,988,000 after buying an additional 594 shares in the last quarter. Clarius Group LLC raised its position in Caterpillar by 6.4% during the fourth quarter. Clarius Group LLC now owns 4,778 shares of the industrial products company’s stock valued at $1,733,000 after purchasing an additional 287 shares in the last quarter. J2 Capital Management Inc bought a new stake in Caterpillar during the fourth quarter worth about $572,000. Aaron Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 6.6% in the 4th quarter. Aaron Wealth Advisors LLC now owns 6,096 shares of the industrial products company’s stock worth $2,212,000 after purchasing an additional 375 shares in the last quarter. Finally, BNC Wealth Management LLC increased its position in shares of Caterpillar by 5.5% during the 4th quarter. BNC Wealth Management LLC now owns 10,574 shares of the industrial products company’s stock valued at $3,836,000 after purchasing an additional 550 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO William E. Schaupp sold 968 shares of the business’s 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 sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,868 shares of company stock worth $13,480,389. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CAT shares. Citigroup cut their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial decreased their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird increased their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average target price of $380.60.

Caterpillar Trading Up 1.4 %

NYSE:CAT opened at $386.03 on Friday. Caterpillar Inc. has a 12 month low of $277.66 and a 12 month 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 has a 50-day moving average price of $380.09 and a 200-day moving average price of $367.03. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share 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 for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Equities analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

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.