Caterpillar Inc. (NYSE:CAT) Shares Bought by Sunflower Bank N.A.

Sunflower Bank N.A. grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,355 shares of the industrial products company’s stock after acquiring an additional 84 shares during the period. Sunflower Bank N.A.’s holdings in Caterpillar were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CAT. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in shares of Caterpillar in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $353.49 on Friday. The company’s 50 day moving average price is $320.74 and its two-hundred day moving average price is $349.91. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The firm has a market cap of $166.51 billion, a PE ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.37. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.60 EPS. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar’s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CAT. JPMorgan Chase & Co. reduced their target price on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Truist Financial reiterated a “buy” rating and set a $396.00 price objective (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Wall Street Zen lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Bank of America increased their price objective on Caterpillar from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Robert W. Baird upgraded Caterpillar from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $309.00 to $395.00 in a report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $372.92.

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.