Atria Wealth Solutions Inc. Cuts Stake in Caterpillar Inc. (NYSE:CAT)

Atria Wealth Solutions Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Gilfoyle & Co LLC purchased a new position in Caterpillar in the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $41,000. Rational Advisors LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $42,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $44,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,769 shares of company stock worth $11,508,906. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 6.6 %

NYSE CAT traded down $24.13 on Thursday, hitting $339.39. 3,929,287 shares of the company were exchanged, compared to its average volume of 2,453,361. The company’s 50 day moving average price is $349.37 and its 200-day moving average price is $300.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a market capitalization of $169.49 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01.

Caterpillar (NYSE:CAT) last issued 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. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. Analysts predict that Caterpillar Inc. will post 21.32 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley initiated coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.56.

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.