Moloney Securities Asset Management LLC Has $495,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Moloney Securities Asset Management LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 89.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,365 shares of the industrial products company’s stock after purchasing an additional 645 shares during the period. Moloney Securities Asset Management LLC’s holdings in Caterpillar were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAT. Pacific Wealth Strategies Group Inc. increased its position in Caterpillar by 1.1% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 5,899 shares of the industrial products company’s stock worth $2,140,000 after buying an additional 67 shares during the period. Counterweight Ventures LLC increased its position in Caterpillar by 0.9% during the fourth quarter. Counterweight Ventures LLC now owns 3,966 shares of the industrial products company’s stock worth $1,439,000 after acquiring an additional 34 shares during the period. Forbes J M & Co. LLP boosted its holdings in Caterpillar by 30.1% in the 4th quarter. Forbes J M & Co. LLP now owns 1,701 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 394 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Caterpillar by 6.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 22,432 shares of the industrial products company’s stock worth $8,137,000 after purchasing an additional 1,303 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of Caterpillar by 12.3% during the fourth quarter. D Orazio & Associates Inc. now owns 949 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CAT shares. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Truist Financial dropped their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird increased their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus price target of $383.13.

Caterpillar Trading Down 0.2 %

Shares of CAT stock opened at $363.11 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $175.31 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The stock’s fifty day simple moving average is $376.59 and its 200 day simple moving average is $371.73.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, sell-side analysts predict that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is 25.56%.

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company 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.