Trust Co. of Toledo NA OH Purchases 1,000 Shares of Caterpillar Inc. (NYSE:CAT)

Trust Co. of Toledo NA OH increased its position in Caterpillar Inc. (NYSE:CAT) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,491 shares of the industrial products company’s stock after buying an additional 1,000 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Caterpillar were worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairscale Capital LLC bought a new position in shares of Caterpillar during the second quarter valued at about $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter worth approximately $36,000. Kimelman & Baird LLC raised its position in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. HWG Holdings LP purchased a new stake in Caterpillar in the 2nd quarter worth approximately $54,000. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after buying an additional 50 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAT has been the topic of several recent analyst reports. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $349.00 to $332.00 in a report on Monday, October 14th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group lifted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $384.33.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 15.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were 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. The trade was a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,868 shares of company stock worth $9,679,489. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 2.3 %

NYSE:CAT traded up $7.97 during mid-day trading on Monday, hitting $358.97. 668,149 shares of the company’s stock traded hands, compared to its average volume of 1,648,352. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The company has a market capitalization of $173.31 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.92 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a fifty day moving average of $382.16 and a 200 day moving average of $365.69.

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 the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.52 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is presently 26.15%.

Caterpillar Company 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.