Crossmark Global Holdings Inc. Sells 1,020 Shares of Caterpillar Inc. (NYSE:CAT)

Crossmark Global Holdings Inc. cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,550 shares of the industrial products company’s stock after selling 1,020 shares during the period. Crossmark Global Holdings Inc.’s holdings in Caterpillar were worth $16,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter worth $34,000. Fairscale Capital LLC purchased a new stake in Caterpillar in the 2nd quarter worth about $36,000. Kimelman & Baird LLC boosted its stake in shares of Caterpillar by 42.9% during the third 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 period. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

NYSE CAT opened at $386.03 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The stock’s 50-day moving average is $380.09 and its two-hundred day moving average is $367.29. The firm has a market cap of $186.38 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 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 analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.52 EPS. On average, analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Buying and Selling

In related news, insider Cheryl H. Johnson sold 2,664 shares of the 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 approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,868 shares of company stock valued at $13,480,389. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CAT. Robert W. Baird increased their target price 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 price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday, January 13th. Finally, Truist Financial dropped their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $380.60.

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.