Atria Wealth Solutions Inc. Sells 767 Shares of Caterpillar Inc. (NYSE:CAT)

Atria Wealth Solutions Inc. lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,715 shares of the industrial products company’s stock after selling 767 shares during the period. Atria Wealth Solutions Inc.’s holdings in Caterpillar were worth $11,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Northern Trust Corp lifted its stake in shares of Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley grew its holdings in Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after acquiring an additional 47,258 shares in the last quarter. FMR LLC grew its holdings in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after buying an additional 1,488,813 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Caterpillar by 5.4% during the 3rd quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock worth $382,168,000 after buying an additional 71,344 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Citigroup raised their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $307.56.

Caterpillar Price Performance

Shares of NYSE:CAT traded down $24.13 during trading on Thursday, reaching $339.39. 3,929,287 shares of the company traded hands, compared to its average volume of 2,453,361. The company’s 50 day moving average is $349.37 and its two-hundred day moving average is $300.03. The firm has a market capitalization of $169.49 billion, a PE ratio of 16.57, a PEG ratio of 1.62 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same period in the prior year, the company posted $3.86 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.32 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.53%. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Caterpillar news, Director David Maclennan bought 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,769 shares of company stock valued at $11,508,906. Corporate insiders own 0.33% of the company’s stock.

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.