Allen Mooney & Barnes Investment Advisors LLC Has $823,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Allen Mooney & Barnes Investment Advisors LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,270 shares of the industrial products company’s stock after selling 313 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Caterpillar were worth $823,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Fairscale Capital LLC bought a new position in Caterpillar in the second quarter valued at $36,000. Kimelman & Baird LLC increased its stake in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after buying an additional 50 shares in the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Caterpillar during the 2nd quarter worth about $54,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 2.3 %

Shares of Caterpillar stock opened at $370.79 on Wednesday. The firm has a market capitalization of $179.02 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $381.63 and its 200 day moving average is $366.20. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50.

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

Caterpillar Dividend Announcement

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

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was 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 $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 over the last quarter. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAT. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Bank of America upped their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Truist Financial raised their target price 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. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research report on Monday. Finally, UBS Group lifted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $381.67.

About Caterpillar

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.