Y Intercept Hong Kong Ltd Purchases 662 Shares of Caterpillar Inc. (NYSE:CAT)

Y Intercept Hong Kong Ltd lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,025 shares of the industrial products company's stock after acquiring an additional 662 shares during the period. Y Intercept Hong Kong Ltd's holdings in Caterpillar were worth $2,976,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after buying an additional 236,315 shares during the period. Northern Trust Corp lifted its holdings in shares of Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock worth $2,483,937,000 after acquiring an additional 724,477 shares during the period. Norges Bank acquired a new position in Caterpillar during the fourth quarter worth about $2,184,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Caterpillar by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock worth $1,429,416,000 after purchasing an additional 312,878 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after acquiring an additional 3,721,693 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, Director David Maclennan acquired 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director directly owned 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

Caterpillar Price Performance

NYSE:CAT opened at $417.23 on Wednesday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $421.34. The company has a market capitalization of $196.53 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.72 and a beta of 1.38. The stock's fifty day moving average is $369.61 and its two-hundred day moving average is $349.62. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. Caterpillar's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $5.60 earnings per share. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a $1.51 dividend. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, July 21st. Caterpillar's dividend payout ratio is presently 29.43%.

Analyst Ratings Changes

Several brokerages have weighed in on CAT. Truist Financial increased their price objective on Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Sanford C. Bernstein reiterated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Barclays upped their target price on Caterpillar from $335.00 to $383.00 and gave the stock an "equal weight" rating in a research note on Monday. Robert W. Baird upped their price target on Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Bank of America upped their target price on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $419.33.

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.

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