Caterpillar Inc. (NYSE:CAT) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,211 shares of the industrial products company's stock after buying an additional 733 shares during the quarter. Accurate Wealth Management LLC's holdings in Caterpillar were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $31,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $33,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CAT. Citigroup increased their price target on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. 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 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. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

Insider Activity

In other Caterpillar news, Director David Maclennan bought 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.33% of the company's stock.

Caterpillar Trading Down 1.2%

NYSE:CAT traded down $4.17 during trading hours on Friday, reaching $356.79. 1,609,485 shares of the company were exchanged, compared to its average volume of 2,570,866. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $168.06 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.87 and a beta of 1.37. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock has a 50 day simple moving average of $325.40 and a 200 day simple moving average of $348.98.

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

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, July 21st. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

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.