Y Intercept Hong Kong Ltd Sells 172 Shares of Caterpillar Inc. (NYSE:CAT)

Y Intercept Hong Kong Ltd cut its holdings in Caterpillar Inc. (NYSE:CAT) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,363 shares of the industrial products company’s stock after selling 172 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Caterpillar were worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAT. FSM Wealth Advisors LLC lifted its position in Caterpillar by 3.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 25 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock worth $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC lifted its position in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock valued at $242,000 after buying an additional 26 shares in the last quarter. Washington Trust Bank grew its stake in shares of Caterpillar by 1.2% during the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock valued at $919,000 after acquiring an additional 27 shares during the period. Finally, Channel Wealth LLC increased its holdings in Caterpillar by 1.9% in the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock worth $533,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,704 shares of company stock valued at $7,226,584 in the last three months. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 0.4 %

Shares of NYSE:CAT opened at $338.65 on Tuesday. The firm has a market capitalization of $161.85 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The business has a 50 day simple moving average of $368.73 and a two-hundred day simple moving average of $373.05. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a dividend of $1.41 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.67%. Caterpillar’s payout ratio is 25.56%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Evercore ISI upped their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $383.80.

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.