First National Trust Co Buys 477 Shares of Caterpillar Inc. (NYSE:CAT)

First National Trust Co lifted its stake in Caterpillar Inc. (NYSE:CAT) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,442 shares of the industrial products company’s stock after purchasing an additional 477 shares during the period. First National Trust Co’s holdings in Caterpillar were worth $17,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the fourth quarter worth about $31,000. Retirement Wealth Solutions LLC bought a new position in Caterpillar during the fourth quarter worth about $34,000. Albion Financial Group UT lifted its holdings in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Caterpillar during the fourth quarter worth about $36,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT opened at $333.26 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a 50-day moving average of $361.27 and a 200-day moving average of $372.42. The company has a market cap of $159.28 billion, a PE ratio of 15.10, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial cut their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Morgan Stanley cut their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wedbush upgraded Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $383.80.

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.