Yousif Capital Management LLC Cuts Holdings in Caterpillar Inc. (NYSE:CAT)

Yousif Capital Management LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,741 shares of the industrial products company’s stock after selling 3,985 shares during the quarter. Yousif Capital Management LLC’s holdings in Caterpillar were worth $31,265,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth about $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar during the fourth quarter worth approximately $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar during the third quarter worth approximately $41,000. Rational Advisors LLC purchased a new position in Caterpillar during the third quarter valued at $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth about $44,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CAT shares. TD Cowen upped their price target on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.56.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director David Maclennan acquired 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, 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 at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock valued at $14,509,306 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 1.6 %

Shares of NYSE:CAT traded up $5.78 during mid-day trading on Tuesday, reaching $363.39. 1,809,967 shares of the company were exchanged, compared to its average volume of 2,428,498. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a market cap of $181.48 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.57 and a beta of 1.17. The firm’s 50-day simple moving average is $348.44 and its 200 day simple moving average is $299.59.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. During the same period last year, the firm posted $3.86 EPS. Caterpillar’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Caterpillar 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.