Trifecta Capital Advisors LLC Purchases 684 Shares of Caterpillar Inc. (NYSE:CAT)

Trifecta Capital Advisors LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 21,018 shares of the industrial products company’s stock after buying an additional 684 shares during the period. Caterpillar comprises about 1.7% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Trifecta Capital Advisors LLC’s holdings in Caterpillar were worth $8,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CAT. Thompson Investment Management Inc. bought a new stake in shares of Caterpillar during the 1st quarter valued at $27,000. Fairman Group LLC bought a new position in Caterpillar in the 1st quarter worth about $29,000. Bbjs Financial Advisors LLC purchased a new position in Caterpillar during the 2nd quarter valued at about $28,000. Financial Connections Group Inc. bought a new stake in shares of Caterpillar during the second quarter valued at about $28,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Caterpillar in the second quarter worth about $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.2 %

Shares of NYSE CAT opened at $394.54 on Friday. The firm’s fifty day moving average is $362.75 and its 200 day moving average is $350.23. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39. The company has a market cap of $192.95 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.55 earnings per share. On average, equities research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s payout ratio is 25.46%.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAT. Evercore ISI reduced their price objective on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Truist Financial increased their price target on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Raymond James began coverage on Caterpillar in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $355.50.

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.