Caterpillar Inc. $CAT Holdings Reduced by Community Bank & Trust Waco Texas

Key Points

• Community Bank & Trust Waco Texas has reduced its holdings in Caterpillar Inc. by 3.3%, selling 854 shares and now holding 24,875 shares valued at approximately $8.2 million.
• Caterpillar's recent earnings report showed an EPS of $4.72, which was below the consensus estimate of $4.88, despite revenue being above expectations at $16.57 billion.
• The company has announced an increase in its dividend to $1.51 per share, representing a **1.5% yield**, and plans to pay it out on **August 20th** to shareholders of record by July 21st.

Community Bank & Trust Waco Texas reduced its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,875 shares of the industrial products company's stock after selling 854 shares during the period. Caterpillar accounts for about 1.9% of Community Bank & Trust Waco Texas' portfolio, making the stock its 14th largest holding. Community Bank & Trust Waco Texas' holdings in Caterpillar were worth $8,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Northern Trust Corp lifted its holdings in Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after acquiring an additional 724,477 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock worth $1,429,416,000 after purchasing an additional 312,878 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Caterpillar by 43,447.3% during the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock worth $1,230,239,000 after acquiring an additional 3,721,693 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock worth $1,089,798,000 after acquiring an additional 15,347 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Caterpillar by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company's stock worth $1,064,951,000 after acquiring an additional 268,300 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Up 4.1%

Shares of CAT traded up $17.1140 during mid-day trading on Friday, reaching $435.0040. The company had a trading volume of 3,783,903 shares, compared to its average volume of 2,782,068. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The stock has a market cap of $203.79 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.51 and a beta of 1.40. The firm has a fifty day simple moving average of $404.15 and a 200-day simple moving average of $357.31. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.99 EPS. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st were issued a $1.51 dividend. The ex-dividend date was Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a yield of 1.4%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio (DPR) is presently 30.72%.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. The trade was a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares of the company's stock, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Truist Financial raised their price objective on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Bank of America increased their target price on shares of Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup raised their price objective on shares of Caterpillar from $460.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the company from $272.00 to $357.00 in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and a consensus price target of $450.87.

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.