OLD Second National Bank of Aurora Sells 40 Shares of Caterpillar Inc. (NYSE:CAT)

OLD Second National Bank of Aurora cut its holdings in Caterpillar Inc. (NYSE:CAT) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,254 shares of the industrial products company’s stock after selling 40 shares during the period. OLD Second National Bank of Aurora’s holdings in Caterpillar were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar during the 4th quarter valued at $30,000. Atlas Capital Advisors LLC raised its position in shares of Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Caterpillar during the 2nd quarter valued at $30,000. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CAT. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Citigroup lifted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Sanford C. Bernstein lifted their price objective on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $307.56.

Caterpillar Trading Down 0.1 %

NYSE CAT opened at $357.93 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The firm has a market cap of $178.75 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The company has a 50 day moving average price of $345.95 and a 200 day moving average price of $297.21. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. Caterpillar’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.86 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.4 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is presently 25.82%.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

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.