Park National Corp OH Has $3.01 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Park National Corp OH cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,298 shares of the industrial products company’s stock after selling 47 shares during the period. Park National Corp OH’s holdings in Caterpillar were worth $3,010,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Lantz Financial LLC lifted its position in shares of Caterpillar by 2.9% in the second quarter. Lantz Financial LLC now owns 4,181 shares of the industrial products company’s stock valued at $1,393,000 after buying an additional 116 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Caterpillar by 4.9% in the second quarter. Acadian Asset Management LLC now owns 9,483 shares of the industrial products company’s stock valued at $3,157,000 after buying an additional 446 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $729,000. Prudential PLC lifted its position in shares of Caterpillar by 38.2% in the second quarter. Prudential PLC now owns 10,333 shares of the industrial products company’s stock valued at $3,442,000 after buying an additional 2,854 shares during the last quarter. Finally, Sachetta LLC lifted its position in shares of Caterpillar by 22.1% in the second quarter. Sachetta LLC now owns 199 shares of the industrial products company’s stock valued at $68,000 after buying an additional 36 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CAT shares. Evercore ISI cut Caterpillar from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Truist Financial increased their target price on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group increased their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $384.33.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the sale, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,868 shares of company stock valued at $9,679,489 in the last 90 days. 0.29% of the stock is owned by corporate insiders.

Caterpillar Trading Down 0.6 %

Shares of CAT opened at $360.75 on Thursday. Caterpillar Inc. has a 52-week low of $276.94 and a 52-week high of $418.50. The business’s fifty day moving average is $383.04 and its 200-day moving average is $365.03. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market cap of $174.17 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the business posted $5.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 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.