AAFMAA Wealth Management & Trust LLC Has $2.44 Million Holdings in Caterpillar Inc. (NYSE:CAT)

AAFMAA Wealth Management & Trust LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 7.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,735 shares of the industrial products company’s stock after selling 573 shares during the quarter. Caterpillar makes up approximately 1.1% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 23rd largest position. AAFMAA Wealth Management & Trust LLC’s holdings in Caterpillar were worth $2,443,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Fairscale Capital LLC acquired a new position in Caterpillar during the second quarter worth $36,000. Kimelman & Baird LLC lifted its stake in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 50 shares during the period. Finally, HWG Holdings LP bought a new position in Caterpillar during the second quarter worth about $54,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. 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. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a report on Monday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $384.33.

Insider Activity

In other news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 12,951 shares in the company, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 in the last three months. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 3.4 %

Shares of NYSE:CAT opened at $362.82 on Tuesday. The business’s 50-day moving average is $381.88 and its 200-day moving average is $365.94. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The company has a market capitalization of $175.17 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.88 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results 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 return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the company posted $5.52 earnings per share. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

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 issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is currently 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.