Y Intercept Hong Kong Ltd Sells 8,533 Shares of Caterpillar Inc. (NYSE:CAT)

Y Intercept Hong Kong Ltd lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,535 shares of the industrial products company's stock after selling 8,533 shares during the period. Y Intercept Hong Kong Ltd's holdings in Caterpillar were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Connections Group Inc. acquired a new position in Caterpillar during the second quarter worth about $28,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the 3rd quarter valued at approximately $36,000. POM Investment Strategies LLC increased its position in Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock worth $38,000 after buying an additional 108 shares in the last quarter. Finally, Kimelman & Baird LLC raised its holdings in shares of Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares of the company's stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock worth $9,679,489 over the last ninety days. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CAT shares. Citigroup lifted their price objective on Caterpillar from $435.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America boosted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Evercore ISI downgraded Caterpillar from an "in-line" rating to an "underperform" rating and lifted their price objective for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Hold" and an average target price of $374.69.

Caterpillar Stock Performance

NYSE:CAT traded down $10.82 during midday trading on Tuesday, reaching $388.44. 2,250,371 shares of the company traded hands, compared to its average volume of 2,562,504. Caterpillar Inc. has a twelve month low of $259.12 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company has a fifty day moving average price of $393.01 and a 200 day moving average price of $359.52. The firm has a market capitalization of $187.54 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.52 earnings per share. On average, analysts expect that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar's payout ratio is 26.15%.

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.