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Busey Bank Sells 2,624 Shares of Caterpillar Inc. $CAT
Busey Bank reduced its stake in Caterpillar Inc. by 2.8% in the fourth quarter, selling 2,624 shares but still holding 91,750 shares valued at approximately $52.56 million. Multiple analysts have raised their price targets and ratings for Caterpillar, contributing to a consensus “Moderate Buy” rating with an average target price of $751.45. Insiders have been net sellers over the past three months, while the company prepares for its Q1 earnings release on April 30 and a $1.51 quarterly dividend payable on May 19.