American Money Management LLC Sells 59 Shares of Caterpillar Inc. (NYSE:CAT)

American Money Management LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,335 shares of the industrial products company’s stock after selling 59 shares during the period. American Money Management LLC’s holdings in Caterpillar were worth $484,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the 4th quarter worth $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $34,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $329.65 on Friday. The company has a market cap of $157.55 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The business has a 50 day moving average price of $354.99 and a 200-day moving average price of $372.24.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CAT. Citigroup increased their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group upgraded 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 report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Finally, Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $383.80.

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.