Atria Wealth Solutions Inc. Sells 1,467 Shares of Caterpillar Inc. (NYSE:CAT)

Atria Wealth Solutions Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing 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 period. Atria Wealth Solutions Inc.'s holdings in Caterpillar were worth $12,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after purchasing an additional 10,212 shares during the last quarter. West Wealth Group LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $230,000. Citizens Financial Group Inc. RI grew its stake in Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock valued at $5,437,000 after buying an additional 4,181 shares during the last quarter. Cadinha & Co. LLC bought a new position in Caterpillar in the 4th quarter worth $11,084,000. Finally, Atomi Financial Group Inc. lifted its position in Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after acquiring an additional 871 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,704 shares of company stock worth $7,226,584. Insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded down $9.31 during trading hours on Friday, hitting $339.84. The stock had a trading volume of 3,219,133 shares, compared to its average volume of 2,416,826. The stock has a market capitalization of $162.42 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.89 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company's fifty day moving average is $369.54 and its two-hundred day moving average is $372.24. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio is currently 25.56%.

Analyst Ratings Changes

A number of research firms have recently commented on CAT. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Truist Financial dropped their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $383.80.

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.