Atria Investments Inc Trims Stock Position in Caterpillar Inc. (NYSE:CAT)

Atria Investments Inc lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,853 shares of the industrial products company's stock after selling 9,193 shares during the period. Atria Investments Inc's holdings in Caterpillar were worth $13,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Legal & General Group Plc raised its holdings in Caterpillar by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company's stock worth $1,286,582,000 after purchasing an additional 75,973 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Caterpillar by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company's stock worth $1,022,488,000 after buying an additional 165,358 shares during the period. International Assets Investment Management LLC grew its position in shares of Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock worth $8,356,930,000 after buying an additional 2,131,276 shares during the period. Ameriprise Financial Inc. grew its position in shares of Caterpillar by 10.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,108,817 shares of the industrial products company's stock worth $702,431,000 after buying an additional 198,123 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Caterpillar by 6.3% in the 1st quarter. Capital Research Global Investors now owns 2,020,100 shares of the industrial products company's stock worth $740,225,000 after buying an additional 119,326 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 0.8 %

NYSE CAT traded up $3.17 on Monday, hitting $396.54. 1,841,129 shares of the stock were exchanged, compared to its average volume of 2,628,325. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a fifty day moving average price of $376.80 and a two-hundred day moving average price of $352.60. The firm has a market capitalization of $191.45 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.94 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $238.88 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.52 earnings per share. Research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.42%. Caterpillar's payout ratio is 26.15%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial increased their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Citigroup lowered their price objective on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Evercore ISI decreased their target price on shares of Caterpillar from $338.00 to $321.00 and set an "in-line" rating on the stock in a research note on Monday, August 19th. Finally, Barclays raised their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $362.40.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Anthony D. Fassino sold 3,185 shares of the firm's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % 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 hyperlink. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,749 shares of company stock worth $9,251,912. 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.