Accel Wealth Management Purchases 191 Shares of Caterpillar Inc. $CAT

Accel Wealth Management boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,331 shares of the industrial products company’s stock after buying an additional 191 shares during the period. Accel Wealth Management’s holdings in Caterpillar were worth $517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $579,000. Brighton Jones LLC boosted its stake in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Caterpillar by 5.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,460 shares of the industrial products company’s stock valued at $482,000 after buying an additional 81 shares during the last quarter. Curat Global LLC purchased a new stake in Caterpillar during the first quarter valued at approximately $33,000. Finally, Eagle Rock Investment Company LLC raised its position in Caterpillar by 13.1% during the first quarter. Eagle Rock Investment Company LLC now owns 6,700 shares of the industrial products company’s stock valued at $2,210,000 after purchasing an additional 775 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Up 1.6%

Shares of NYSE CAT opened at $498.48 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The business’s 50 day moving average price is $436.99 and its 200-day moving average price is $378.76. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $504.48. The company has a market cap of $233.53 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.03 and a beta of 1.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.99 earnings per share. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CAT. Citigroup restated a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Bank of America upped their price objective on Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Robert W. Baird upped their price objective on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Finally, Oppenheimer upped their price objective on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock valued at $16,885,492 in the last ninety days. Corporate insiders own 0.33% 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.