Caterpillar Inc. $CAT Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its stake in Caterpillar Inc. (NYSE:CAT) by 17.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,582 shares of the industrial products company’s stock after purchasing an additional 2,908 shares during the quarter. Atria Investments Inc’s holdings in Caterpillar were worth $20,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CAT. Decker Retirement Planning Inc. grew its holdings in Caterpillar by 440.0% during the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares during the last quarter. Matrix Trust Co raised its position in Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Lam Group Inc. acquired a new position in Caterpillar during the 1st quarter worth $26,000. Ramsey Quantitative Systems bought a new position in Caterpillar in the 2nd quarter valued at $48,000. Finally, Torren Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $27,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Inc. has a 1 year low of $410.52 and a 1 year high of $1,073.46. The firm has a market capitalization of $381.02 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 1.43 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm’s 50 day simple moving average is $908.86 and its 200 day simple moving average is $833.13.

The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the company earned $4.72 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 27.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is 28.06%.

Argus upped their price target on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Bank of America lifted their target price on shares of Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. Royal Bank Of Canada lift...