Country Club Bank Sells 1,356 Shares of Caterpillar Inc. $CAT

Country Club Bank reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,774 shares of the industrial products company’s stock after selling 1,356 shares during the period. Country Club Bank’s holdings in Caterpillar were worth $7,439,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Caterpillar during the 2nd quarter valued at approximately $28,000. Compass Financial Services Inc grew its holdings in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in Caterpillar in the 2nd quarter worth approximately $32,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Caterpillar during the second quarter worth approximately $32,000. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CAT shares. Morgan Stanley raised their price objective on shares of Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Argus raised their price target on shares of Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Barclays upped their price objective on shares of Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Hsbc Global Res raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company assumed coverage on Caterpillar in a report on Thursday, November 13th. They issued an “overweight” rating and a $675.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $612.16.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $571.44, for a total value of $5,714,400.00. Following the sale, the chief financial officer owned 55,460 shares of the company’s stock, valued at approximately $31,692,062.40. This represents a 15.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Maclennan purchased 300 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $568.86 per share, with a total value of $170,658.00. Following the completion of the acquisition, the director directly owned 7,947 shares in the company, valued at $4,520,730.42. The trade was a 3.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 79,061 shares of company stock worth $41,949,366 in the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 4.7%

Shares of CAT opened at $561.25 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $559.75 and a two-hundred day moving average price of $466.41. The stock has a market cap of $262.66 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 2.77 and a beta of 1.57. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $627.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.52 by $0.43. The company had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.17 EPS. Equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio is currently 31.01%.

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.