First United Bank & Trust Has $345,000 Position in Caterpillar Inc. (NYSE:CAT)

First United Bank & Trust cut its holdings in Caterpillar Inc. (NYSE:CAT) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 950 shares of the industrial products company’s stock after selling 33 shares during the period. First United Bank & Trust’s holdings in Caterpillar were worth $345,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $34,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar during the second quarter worth $36,000. Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

CAT opened at $386.03 on Tuesday. Caterpillar Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The company has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.91 and a beta of 1.13. The firm’s fifty day moving average price is $380.09 and its two-hundred day moving average price is $367.29. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business 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 earned $5.52 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders 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 dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAT shares. Truist Financial cut their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Citigroup reduced their price target on Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Three research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $380.60.

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.