Vise Technologies Inc. Has $5 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FSM Wealth Advisors LLC boosted its stake in Caterpillar by 3.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after buying an additional 25 shares during the last quarter. Allen Capital Group LLC raised its holdings in Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after acquiring an additional 26 shares in the last quarter. Wagner Wealth Management LLC increased its holdings in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after acquiring an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. increased its holdings in shares of Caterpillar by 0.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after acquiring an additional 27 shares during the last quarter. Finally, Magnolia Capital Advisors LLC increased its holdings in shares of Caterpillar by 3.3% in the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock valued at $311,000 after acquiring an additional 27 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAT has been the topic of a number of recent analyst reports. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $309.00 to $395.00 in a report on Tuesday, May 13th. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. DA Davidson increased their price objective on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. Finally, Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $375.33.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

Shares of CAT traded down $1.10 during midday trading on Wednesday, hitting $350.41. 521,621 shares of the stock traded hands, compared to its average volume of 2,628,196. The firm has a market capitalization of $165.06 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year 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. The business's 50 day moving average price is $318.65 and its two-hundred day moving average price is $351.78.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.60 EPS. Equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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

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.