Accredited Wealth Management LLC Buys New Position in Caterpillar Inc. (NYSE:CAT)

Accredited Wealth Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,422 shares of the industrial products company's stock, valued at approximately $879,000. Caterpillar comprises approximately 0.8% of Accredited Wealth Management LLC's investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CAT. Robert W. Baird upgraded Caterpillar from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $300.00 to $309.00 in a report on Thursday, May 1st. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Baird R W raised shares of Caterpillar from a "strong sell" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $370.67.

Caterpillar Price Performance

CAT traded down $1.76 on Tuesday, reaching $321.35. The company had a trading volume of 1,722,052 shares, compared to its average volume of 2,628,522. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a market capitalization of $153.58 billion, a P/E ratio of 14.56, a PEG ratio of 1.87 and a beta of 1.35. The company has a fifty day moving average of $317.79 and a 200-day moving average of $356.78. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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 business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.60 EPS. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is 27.49%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

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.