Bath Savings Trust Co Has $1.23 Million Holdings in Caterpillar Inc. (NYSE:CAT)

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

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CAT. Jefferies Financial Group raised their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. Finally, Truist Financial raised their price objective on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.33.

Caterpillar Stock Up 0.2 %

Shares of CAT traded up $0.72 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. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The stock has a market capitalization of $176.18 billion, a PE ratio of 16.92, a PEG ratio of 1.92 and a beta of 1.13. 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 firm has a fifty day moving average of $383.90 and a 200-day moving average of $364.82.

Caterpillar (NYSE:CAT) last issued 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). The company had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $5.52 earnings per share. Equities analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

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

Insider Activity

In related news, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares in the company, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 over the last quarter. Insiders own 0.29% of the company’s stock.

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.