Smithfield Trust Co Has $3.13 Million Stock Holdings in Caterpillar Inc. $CAT

Smithfield Trust Co boosted its position in Caterpillar Inc. (NYSE:CAT) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,463 shares of the industrial products company’s stock after buying an additional 1,011 shares during the quarter. Smithfield Trust Co’s holdings in Caterpillar were worth $3,128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $579,000. Brighton Jones LLC raised its position in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. United Bank raised its position in Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after buying an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Caterpillar by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after purchasing an additional 34,846 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Williams Trading set a $825.00 price target on Caterpillar in a research report on Tuesday, March 10th. Sanford C. Bernstein boosted their price target on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. HSBC boosted their price target on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Truist Financial set a $1,043.00 price target on Caterpillar in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $923.14.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares in the company, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 98,273 shares of company stock worth $89,439,960 in the last three months. 0.33% of the stock is owned by company insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $880.23 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12 month low of $336.24 and a 12 month high of $931.35. The stock has a 50 day moving average of $795.32 and a 200-day moving average of $694.03. The company has a market capitalization of $405.42 billion, a P/E ratio of 43.81, a P/E/G ratio of 1.74 and a beta of 1.63.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same period in the previous year, the company posted $4.25 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities research analysts predict that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s payout ratio is currently 30.06%.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.