Hoese & Co LLP Purchases New Shares in Caterpillar Inc. (NYSE:CAT)

Hoese & Co LLP acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 157 shares of the industrial products company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Seven Eight Capital LP acquired a new stake in shares of Caterpillar during the 2nd quarter worth $523,000. Pacer Advisors Inc. lifted its position in Caterpillar by 7.7% during the second quarter. Pacer Advisors Inc. now owns 45,106 shares of the industrial products company’s stock worth $15,025,000 after purchasing an additional 3,211 shares during the period. Sei Investments Co. grew its stake in Caterpillar by 3.4% during the second quarter. Sei Investments Co. now owns 118,189 shares of the industrial products company’s stock worth $39,372,000 after buying an additional 3,852 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at approximately $36,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Caterpillar by 3,319.7% during the 2nd quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company’s stock worth $91,606,000 after acquiring an additional 266,969 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

NYSE:CAT opened at $386.03 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The company has a 50 day simple moving average of $380.09 and a two-hundred day simple moving average of $367.29. The company has a market capitalization of $186.38 billion, a PE ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.52 EPS. Research analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. Caterpillar’s payout ratio is 26.15%.

Analysts Set New Price Targets

Several research analysts have commented on CAT shares. UBS Group boosted their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Bank of America upped their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial dropped their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Robert W. Baird upped their price objective 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $380.60.

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.