Trifecta Capital Advisors LLC Has $7.74 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Trifecta Capital Advisors LLC grew its position in Caterpillar Inc. (NYSE:CAT) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,333 shares of the industrial products company’s stock after purchasing an additional 315 shares during the period. Caterpillar comprises about 1.5% of Trifecta Capital Advisors LLC’s holdings, making the stock its 20th largest position. Trifecta Capital Advisors LLC’s holdings in Caterpillar were worth $7,739,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Caterpillar by 35.3% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 7,511 shares of the industrial products company’s stock worth $2,725,000 after acquiring an additional 1,961 shares in the last quarter. Prasad Wealth Partners LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $200,000. BankPlus Trust Department bought a new stake in shares of Caterpillar during the 4th quarter worth about $1,746,000. Edge Capital Group LLC boosted its stake in Caterpillar by 5.8% during the 4th quarter. Edge Capital Group LLC now owns 3,410 shares of the industrial products company’s stock valued at $1,237,000 after purchasing an additional 186 shares during the period. Finally, Rothschild Investment LLC boosted its stake in Caterpillar by 11.8% during the 4th quarter. Rothschild Investment LLC now owns 9,305 shares of the industrial products company’s stock valued at $3,375,000 after purchasing an additional 979 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,704 shares of company stock valued at $7,226,584 in the last three months. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup increased their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley decreased their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Trading Down 0.4 %

Shares of CAT opened at $338.65 on Tuesday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $368.73 and a 200-day simple moving average of $373.05. The stock has a market cap of $161.85 billion, a PE ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.67%. Caterpillar’s dividend payout ratio is 25.56%.

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.