Caterpillar Inc. (NYSE:CAT) Holdings Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,654 shares of the industrial products company’s stock after selling 1,467 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Caterpillar were worth $12,208,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CAT. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the 3rd quarter worth about $36,000. Albion Financial Group UT lifted its stake in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Kimelman & Baird LLC increased its position in shares of Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its holdings in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 65 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $355.42 on Wednesday. The firm has a market cap of $171.60 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The company’s fifty day moving average is $371.55 and its 200-day moving average is $372.29. 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 12 month low of $307.05 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results 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 expect that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.59%. Caterpillar’s payout ratio is currently 25.56%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CAT shares. Truist Financial lowered their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. 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 report on Friday, January 31st. DA Davidson raised their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $383.13.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value 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 trade represents a 15.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

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.