Allen Mooney & Barnes Investment Advisors LLC Sells 110 Shares of Caterpillar Inc. (NYSE:CAT)

Allen Mooney & Barnes Investment Advisors LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,160 shares of the industrial products company’s stock after selling 110 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Caterpillar were worth $712,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Caterpillar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock worth $16,980,629,000 after buying an additional 284,366 shares during the period. Geode Capital Management LLC boosted its position in Caterpillar by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after purchasing an additional 236,315 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock worth $3,294,505,000 after buying an additional 129,143 shares during the last quarter. Northern Trust Corp raised its holdings 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 during the 4th quarter worth approximately $2,184,364,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Up 1.3%

CAT opened at $363.09 on Thursday. 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 company’s 50-day moving average is $323.77 and its 200 day moving average is $349.29. The firm has a market capitalization of $171.03 billion, a PE ratio of 16.45, a P/E/G ratio of 1.87 and a beta of 1.37. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last released 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 net margin of 16.65% and a return on equity of 58.18%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the business earned $5.60 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a dividend of $1.51 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.66%. Caterpillar’s dividend payout ratio is currently 27.49%.

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. JPMorgan Chase & Co. reduced their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. DA Davidson increased their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and upped their price objective for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Evercore ISI decreased their price target on Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a research note on Monday, May 19th. Finally, Oppenheimer raised shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective on the stock in a research note on Thursday, May 1st. Six 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $372.92.

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.