Allen Mooney & Barnes Investment Advisors LLC Sells 37 Shares of Caterpillar Inc. $CAT

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

Other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc boosted its holdings in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the 4th quarter worth approximately $33,000. Curat Global LLC bought a new position in Caterpillar in the 1st quarter valued at approximately $33,000. Redmont Wealth Advisors LLC bought a new position in Caterpillar in the 1st quarter valued at approximately $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Caterpillar in the 4th quarter valued at approximately $36,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.1%

Shares of NYSE CAT opened at $431.10 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $441.15. The firm has a 50 day moving average price of $420.04 and a two-hundred day moving average price of $365.49. The stock has a market cap of $201.96 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the company earned $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Oppenheimer dropped 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. Jefferies Financial Group reissued a “buy” rating and issued a $500.00 price objective on shares of Caterpillar in a research note on Friday, August 29th. Finally, Robert W. Baird decreased their price target on shares of Caterpillar from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $457.20.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% 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, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. The trade was a 3.44% 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 over the last three months. 0.33% of the stock is owned by company insiders.

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.