Atria Investments LLC Has $3.07 Million Stake in Caterpillar Inc. (CAT)
Atria Investments LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,529 shares of the industrial products company’s stock after selling 1,125 shares during the period. Atria Investments LLC’s holdings in Caterpillar were worth $3,066,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC purchased a new position in shares of Caterpillar during the first quarter worth approximately $107,000. First Personal Financial Services increased its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of Caterpillar during the first quarter worth approximately $111,000. Financial Architects Inc increased its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the last quarter. Finally, Advantage Investment Management LLC increased its position in shares of Caterpillar by 32.0% in the first quarter. Advantage Investment Management LLC now owns 1,786 shares of the industrial products company’s stock worth $166,000 after buying an additional 433 shares during the last quarter. Institutional investors own 69.22% of the company’s stock.
Caterpillar Inc. (NYSE CAT) traded up 0.67% on Friday, reaching $118.28. 2,992,226 shares of the company traded hands. The firm has a 50 day moving average price of $113.22 and a 200 day moving average price of $103.29. Caterpillar Inc. has a 52-week low of $79.93 and a 52-week high of $118.83. The stock has a market capitalization of $69.90 billion, a price-to-earnings ratio of 660.78 and a beta of 1.24.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a return on equity of 23.31% and a net margin of 7.04%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Equities research analysts predict that Caterpillar Inc. will post $5.24 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, August 19th. Investors of record on Thursday, July 20th were paid a $0.78 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date was Tuesday, July 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.64%. Caterpillar’s payout ratio is presently 2,080.00%.
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A number of equities analysts have recently issued reports on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $123.00 price target on shares of Caterpillar in a report on Thursday, June 22nd. Bank of America Corporation set a $120.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, June 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a report on Sunday, July 30th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of Caterpillar in a report on Wednesday, June 21st. Finally, Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and increased their price target for the company from $85.00 to $115.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $106.20.
In related news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last three months, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is currently owned by company insiders.
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