Valley Brook Capital Group Inc. Has $2.13 Million Stake in Caterpillar Inc. (NYSE:CAT)

Valley Brook Capital Group Inc. trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,200 shares of the industrial products company’s stock after selling 135 shares during the period. Caterpillar makes up approximately 1.8% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 9th biggest holding. Valley Brook Capital Group Inc.’s holdings in Caterpillar were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC lifted its holdings in shares of Caterpillar by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock worth $2,408,481,000 after acquiring an additional 179,908 shares during the last quarter. Northern Trust Corp lifted its stake in Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after purchasing an additional 111,384 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after purchasing an additional 47,258 shares in the last quarter. FMR LLC increased its position in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

NYSE:CAT traded up $1.31 during trading hours on Friday, reaching $336.75. The company had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The firm’s 50 day moving average price is $351.89 and its 200-day moving average price is $303.64. The firm has a market cap of $164.69 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.44 and a beta of 1.19. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, analysts forecast that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.54%. Caterpillar’s dividend payout ratio is currently 23.48%.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director David Maclennan bought 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Truist Financial assumed coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company raised their price objective on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $323.35.

About Caterpillar

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.