Caterpillar Inc. (NYSE:CAT) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 52.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,776 shares of the industrial products company's stock after buying an additional 4,748 shares during the quarter. Vise Technologies Inc.'s holdings in Caterpillar were worth $4,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Planning Group LLC increased its stake in shares of Caterpillar by 28.1% in the 4th quarter. Retirement Planning Group LLC now owns 1,580 shares of the industrial products company's stock valued at $573,000 after acquiring an additional 347 shares during the last quarter. City National Bank of Florida MSD bought a new position in shares of Caterpillar during the 4th quarter worth approximately $326,000. Cornerstone Advisory LLC lifted its position in Caterpillar by 2.3% during the 4th quarter. Cornerstone Advisory LLC now owns 1,755 shares of the industrial products company's stock worth $620,000 after buying an additional 40 shares in the last quarter. Highview Capital Management LLC DE raised its holdings in Caterpillar by 29.4% during the fourth quarter. Highview Capital Management LLC DE now owns 1,320 shares of the industrial products company's stock worth $479,000 after acquiring an additional 300 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new position in Caterpillar during the fourth quarter worth $222,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Maclennan bought 375 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the transaction, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 2.3%

Shares of CAT traded up $7.81 during mid-day trading on Tuesday, reaching $351.20. The company had a trading volume of 1,702,076 shares, compared to its average volume of 2,636,485. The firm has a 50-day moving average price of $318.35 and a 200 day moving average price of $351.79. The company has a market capitalization of $165.43 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. During the same quarter in the previous year, the firm earned $5.60 earnings per share. Caterpillar's revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAT. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target on the stock in a research note on Thursday, May 1st. Truist Financial reissued a "buy" rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Wall Street Zen lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley raised shares of 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 note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.33.

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.