Yousif Capital Management LLC Has $31.27 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Yousif Capital Management LLC cut its position in Caterpillar Inc. (NYSE:CAT) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 105,741 shares of the industrial products company’s stock after selling 3,985 shares during the period. Yousif Capital Management LLC’s holdings in Caterpillar were worth $31,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley boosted its position in Caterpillar by 0.7% during the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after purchasing an additional 47,258 shares during the period. FMR LLC boosted its position in Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the period. International Assets Investment Management LLC boosted its position in Caterpillar by 28,603.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Finally, Lazard Asset Management LLC boosted its position in Caterpillar by 5.4% during the third quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock worth $382,168,000 after purchasing an additional 71,344 shares during the period. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 $20,197,792.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Price Performance

CAT stock traded up $5.78 during midday trading on Tuesday, reaching $363.39. The company had a trading volume of 1,809,967 shares, compared to its average volume of 2,428,498. 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 company has a market capitalization of $181.48 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The stock has a 50 day moving average price of $348.44 and a 200-day moving average price of $299.59.

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

Caterpillar Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAT shares. Truist Financial started coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Morgan Stanley started coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. The Goldman Sachs Group lifted their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird lifted their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $307.56.

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.