Noesis Capital Mangement Corp Acquires 1,172 Shares of Caterpillar Inc. (NYSE:CAT)

Noesis Capital Mangement Corp boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,924 shares of the industrial products company’s stock after buying an additional 1,172 shares during the quarter. Caterpillar makes up approximately 2.8% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 12th biggest holding. Noesis Capital Mangement Corp’s holdings in Caterpillar were worth $11,804,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gilfoyle & Co LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $39,000. Authentikos Wealth Advisory LLC acquired a new position in Caterpillar in the third quarter valued at approximately $41,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $41,000. Finally, Rational Advisors LLC purchased a new position in Caterpillar in the third quarter valued at $42,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.4 %

Shares of CAT stock traded up $1.31 during trading on Friday, reaching $336.75. The company’s stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The stock’s 50-day moving average price is $351.89 and its 200 day moving average price is $303.11. The company has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.43 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping 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 company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, research analysts anticipate that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CAT shares. Citigroup raised their price objective on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Finally, Robert W. Baird boosted their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus target price of $323.35.

Insider Buying and Selling

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

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.