Accurate Wealth Management LLC Has $2.05 Million Stake in Caterpillar Inc. (NYSE:CAT)

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

Several other large investors have also recently bought and sold shares of CAT. Vanguard Group Inc. lifted its stake in shares of Caterpillar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after acquiring an additional 284,366 shares during the period. Geode Capital Management LLC grew its holdings in Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock worth $3,790,841,000 after acquiring an additional 236,315 shares during the period. Fisher Asset Management LLC raised its position in shares of Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after acquiring an additional 129,143 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Caterpillar by 11.8% in the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the period. Finally, Norges Bank bought a new position in shares of Caterpillar in the 4th quarter worth $2,184,364,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Up 1.3%

Shares of CAT stock opened at $358.12 on Tuesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average of $321.20 and a 200-day moving average of $349.13. The company has a market capitalization of $168.69 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.87 and a beta of 1.37.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar’s payout ratio is 27.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective for the company in a report on Thursday, May 1st. Bank of America upped their price target on Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, May 30th. DA Davidson increased their price target on shares of Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Evercore ISI decreased their price objective on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a report on Monday, May 19th. Finally, Citigroup upped their target price on shares of Caterpillar from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $372.92.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan purchased 375 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now owns 6,653 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

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.