Sanibel Captiva Trust Company Inc. Has $16.81 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Sanibel Captiva Trust Company Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,329 shares of the industrial products company’s stock after buying an additional 942 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Caterpillar were worth $16,806,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC grew its stake in Caterpillar by 2.6% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock valued at $405,000 after purchasing an additional 26 shares during the period. First Bank & Trust grew its position in Caterpillar by 4.0% during the third quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock valued at $277,000 after buying an additional 27 shares during the period. Washington Trust Bank increased its holdings in Caterpillar by 1.2% during the third quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock worth $919,000 after buying an additional 27 shares during the last quarter. Channel Wealth LLC raised its position in Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock worth $533,000 after acquiring an additional 27 shares during the period. Finally, Pacifica Partners Inc. grew its position in shares of Caterpillar by 1.6% during the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company’s stock valued at $707,000 after acquiring an additional 28 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Up 1.4 %

Shares of CAT stock opened at $386.03 on Friday. Caterpillar Inc. has a 12-month low of $277.66 and a 12-month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $380.09 and a two-hundred day moving average price of $366.76. The firm has a market cap of $186.38 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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 company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $5.52 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.68 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. Stockholders 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 dividend yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Transactions at Caterpillar

In related news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now owns 12,951 shares in the company, valued at $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,868 shares of company stock worth $13,480,389. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAT. Bank of America upped their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. UBS Group increased their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Truist Financial cut their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Robert W. Baird upped their price target on shares of 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 stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $380.60.

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.