Culbertson A N & Co. Inc. Has $15.15 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Culbertson A N & Co. Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,760 shares of the industrial products company’s stock after purchasing an additional 366 shares during the quarter. Caterpillar makes up about 2.4% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 7th largest position. Culbertson A N & Co. Inc.’s holdings in Caterpillar were worth $15,149,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pure Financial Advisors LLC raised its holdings in Caterpillar by 4.3% during the 4th quarter. Pure Financial Advisors LLC now owns 10,699 shares of the industrial products company’s stock valued at $3,881,000 after buying an additional 441 shares during the last quarter. Tudor Financial Inc. raised its stake in shares of Caterpillar by 31.8% during the fourth quarter. Tudor Financial Inc. now owns 2,878 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 694 shares during the last quarter. New Hampshire Trust boosted its holdings in shares of Caterpillar by 2.1% during the fourth quarter. New Hampshire Trust now owns 12,048 shares of the industrial products company’s stock worth $4,371,000 after purchasing an additional 245 shares during the period. Hoese & Co LLP bought a new stake in shares of Caterpillar in the fourth quarter worth about $57,000. Finally, Cove Private Wealth LLC purchased a new position in Caterpillar during the 4th quarter valued at about $511,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the transaction, the director now owns 4,976 shares in the company, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the sale, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CAT. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Truist Financial decreased their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research note on Monday, January 13th. Finally, UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $380.60.

Caterpillar Trading Up 1.4 %

Caterpillar stock opened at $386.03 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm’s 50 day moving average price is $380.09 and its 200-day moving average price is $367.29. Caterpillar Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The stock has a market cap of $186.38 billion, a P/E ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released 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 for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company earned $5.52 EPS. On average, equities analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal 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 given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s dividend payout ratio is currently 26.15%.

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.