Allen Mooney & Barnes Investment Advisors LLC Has $824,000 Stock Holdings in Caterpillar Inc. $CAT

Allen Mooney & Barnes Investment Advisors LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,123 shares of the industrial products company’s stock after selling 37 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Caterpillar were worth $824,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Caterpillar by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after buying an additional 7,125 shares in the last quarter. Victrix Investment Advisors purchased a new stake in Caterpillar during the fourth quarter worth about $2,090,000. Charles Schwab Investment Management Inc. increased its holdings in Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock worth $1,089,798,000 after buying an additional 15,347 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Caterpillar during the first quarter worth about $427,000. Finally, Pacific Point Advisors LLC purchased a new stake in Caterpillar during the fourth quarter worth about $579,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 0.1%

Shares of NYSE CAT opened at $431.10 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $420.04 and a two-hundred day simple moving average of $365.49. The firm has a market capitalization of $201.96 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $441.15.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAT. Barclays raised their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. DA Davidson boosted their price target on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Bank of America boosted their price target on shares of Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer reduced their price objective on shares of Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $457.20.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at $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 21,653 shares of company stock worth $8,943,642 in the last three months. 0.33% of the stock is owned by corporate insiders.

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.