Atria Wealth Solutions Inc. Has $12.21 Million Stake in Caterpillar Inc. (NYSE:CAT)

Atria Wealth Solutions Inc. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,654 shares of the industrial products company’s stock after selling 1,467 shares during the period. Atria Wealth Solutions Inc.’s holdings in Caterpillar were worth $12,208,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the third quarter valued at $36,000. Albion Financial Group UT lifted its position in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC boosted its stake in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Citigroup increased their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. 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 note on Friday, January 31st. Robert W. Baird increased their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $383.13.

Caterpillar Stock Performance

Caterpillar stock opened at $355.42 on Wednesday. The company has a market cap of $171.60 billion, a PE ratio of 16.10, a PEG ratio of 1.94 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company’s 50-day moving average is $371.55 and its two-hundred day moving average is $372.29.

Caterpillar (NYSE:CAT) last announced 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 net margin of 16.65% and a return on equity of 58.18%. Equities analysts anticipate that Caterpillar Inc. will post 20.05 earnings per share for the current year.

Caterpillar Dividend Announcement

The business 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 dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.59%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on 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 in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate 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.