Caterpillar Inc. $CAT Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,430 shares of the industrial products company’s stock after selling 5,655 shares during the period. Yousif Capital Management LLC’s holdings in Caterpillar were worth $37,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CAT. Fisher Asset Management LLC lifted its position in shares of Caterpillar by 2.3% in the second quarter. Fisher Asset Management LLC now owns 9,418,321 shares of the industrial products company’s stock valued at $3,656,286,000 after acquiring an additional 208,196 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Caterpillar by 36,842.1% during the second quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after purchasing an additional 7,279,991 shares in the last quarter. Norges Bank acquired a new position in Caterpillar in the 2nd quarter valued at $2,165,899,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Caterpillar by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock valued at $1,386,626,000 after purchasing an additional 264,054 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Caterpillar by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,337,915 shares of the industrial products company’s stock worth $1,295,432,000 after purchasing an additional 33,467 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein increased their price target on Caterpillar from $557.00 to $630.00 and gave the company a “market perform” rating in a report on Friday. DA Davidson upped their target price on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. HSBC upgraded Caterpillar from a “hold” rating to a “buy” rating and lifted their price target for the stock from $405.00 to $660.00 in a report on Wednesday, November 5th. Robert W. Baird upped their price objective on shares of Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Truist Financial reaffirmed a “buy” rating and set a $729.00 target price (up from $582.00) on shares of Caterpillar in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $616.00.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $505.29, for a total value of $8,673,808.14. Following the completion of the transaction, the chairman directly owned 448,173 shares of the company’s stock, valued at $226,457,335.17. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $571.44, for a total transaction of $5,714,400.00. Following the sale, the chief financial officer owned 55,460 shares in the company, valued at $31,692,062.40. This trade represents a 15.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 61,895 shares of company stock valued at $34,007,516. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.2%

Shares of CAT opened at $583.12 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market cap of $272.89 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.57. The company’s 50-day moving average price is $564.31 and its 200 day moving average price is $472.03. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $627.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. During the same period last year, the business earned $5.17 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio is 31.01%.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.