Accurate Wealth Management LLC Acquires 364 Shares of Caterpillar Inc. (NYSE:CAT)

Accurate Wealth Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the industrial products company’s stock after purchasing an additional 364 shares during the period. Accurate Wealth Management LLC’s holdings in Caterpillar were worth $1,924,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Smallwood Wealth Investment Management LLC grew its stake in Caterpillar by 2.6% during the third quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock worth $405,000 after buying an additional 26 shares in the last quarter. First Bank & Trust grew its position in Caterpillar by 4.0% during the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 27 shares during the last quarter. Washington Trust Bank grew its holdings in shares of Caterpillar by 1.2% during the third quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 27 shares during the last quarter. Pacifica Partners Inc. grew its stake in shares of Caterpillar by 1.6% in the third quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company’s stock worth $707,000 after purchasing an additional 28 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors increased its stake in shares of Caterpillar by 0.8% in the third quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company’s stock valued at $1,356,000 after buying an additional 28 shares during the period. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 in the last quarter. 0.29% of the stock is owned by company insiders.

Caterpillar Stock Performance

Shares of CAT opened at $370.79 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market cap of $179.02 billion, a PE ratio of 17.19, a PEG ratio of 1.88 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The stock’s fifty day moving average price is $381.63 and its two-hundred day moving average price is $366.20.

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

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Analyst Ratings Changes

A number of analysts have commented on CAT shares. Citigroup cut their price target on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Truist Financial raised their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Bank of America lifted their price target on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Caterpillar has a consensus rating of “Hold” and an average target price of $381.67.

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.