XTX Topco Ltd Sells 14,888 Shares of Caterpillar Inc. (NYSE:CAT)

XTX Topco Ltd reduced its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 94.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954 shares of the industrial products company's stock after selling 14,888 shares during the period. XTX Topco Ltd's holdings in Caterpillar were worth $346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Caterpillar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock valued at $16,980,629,000 after purchasing an additional 284,366 shares in the last quarter. Geode Capital Management LLC raised its stake in Caterpillar by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock valued at $3,790,841,000 after buying an additional 236,315 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after buying an additional 129,143 shares during the last quarter. Norges Bank bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $2,184,364,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Caterpillar by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock valued at $1,193,154,000 after purchasing an additional 61,723 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Up 0.1 %

Caterpillar stock traded up $0.29 during trading hours on Monday, hitting $306.74. The company had a trading volume of 1,305,761 shares, compared to its average volume of 2,616,860. The firm's fifty day moving average is $321.41 and its 200-day moving average is $360.15. The firm has a market capitalization of $146.60 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week 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 - Get Free Report) last released 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, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's payout ratio is 25.56%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research reports. UBS Group upgraded 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. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial lowered their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus price target of $361.75.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

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.