Indiana Trust & Investment Management Co Purchases 725 Shares of Caterpillar Inc. (NYSE:CAT)

Indiana Trust & Investment Management Co boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,299 shares of the industrial products company’s stock after buying an additional 725 shares during the period. Caterpillar makes up about 0.9% of Indiana Trust & Investment Management Co’s holdings, making the stock its 20th largest holding. Indiana Trust & Investment Management Co’s holdings in Caterpillar were worth $2,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. TCV Trust & Wealth Management Inc. raised its holdings in shares of Caterpillar by 33.9% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 1,973 shares of the industrial products company’s stock valued at $716,000 after buying an additional 500 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in shares of Caterpillar by 3.6% during the 4th quarter. Schear Investment Advisers LLC now owns 6,864 shares of the industrial products company’s stock valued at $2,490,000 after purchasing an additional 236 shares during the last quarter. Leavell Investment Management Inc. raised its position in Caterpillar by 1.3% in the 4th quarter. Leavell Investment Management Inc. now owns 14,358 shares of the industrial products company’s stock worth $5,209,000 after purchasing an additional 180 shares during the period. JSF Financial LLC boosted its position in Caterpillar by 50.6% during the fourth quarter. JSF Financial LLC now owns 952 shares of the industrial products company’s stock valued at $345,000 after buying an additional 320 shares during the period. Finally, Wealthcare Capital Partners LLC bought a new position in shares of Caterpillar during the fourth quarter valued at about $223,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CAT shares. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday, January 13th. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. DA Davidson increased their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Citigroup boosted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $383.13.

Caterpillar Stock Performance

Shares of CAT stock opened at $362.61 on Wednesday. The company’s fifty day moving average price is $375.80 and its 200-day moving average price is $371.86. The stock has a market cap of $175.07 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts expect that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

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.