Hyman Charles D Sells 2,221 Shares of Caterpillar Inc. (NYSE:CAT)

Hyman Charles D reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 160,806 shares of the industrial products company’s stock after selling 2,221 shares during the quarter. Caterpillar makes up approximately 2.8% of Hyman Charles D’s holdings, making the stock its 8th largest holding. Hyman Charles D’s holdings in Caterpillar were worth $47,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Winslow Capital Management LLC increased its holdings in shares of Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the period. FMR LLC grew its holdings 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 acquiring an additional 781,111 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Caterpillar by 19.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company’s stock worth $947,875,000 after acquiring an additional 529,420 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in Caterpillar by 5,293.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock worth $142,620,000 after acquiring an additional 473,416 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, Director David Maclennan bought 350 shares of the business’s stock in a transaction on 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 directly owns 5,238 shares in the company, valued at $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

Shares of NYSE CAT traded down $0.51 during midday trading on Wednesday, hitting $344.49. The stock had a trading volume of 2,260,344 shares, compared to its average volume of 2,500,247. The company has a market capitalization of $168.47 billion, a PE ratio of 15.55, a P/E/G ratio of 1.44 and a beta of 1.19. The stock has a 50 day simple moving average of $352.87 and a 200-day simple moving average of $305.22. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, sell-side analysts expect that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. Caterpillar’s payout ratio is 23.48%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup raised their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. TD Cowen raised their target price on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price on the stock. Robert W. Baird increased their price target on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.35.

About Caterpillar

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.