Caterpillar Inc. $CAT Shares Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC has increased its stake in Caterpillar Inc. by 132.9% in the second quarter, owning a total of 1,926 shares, valued at approximately $748,000.
• Caterpillar shares hit a 52-week high of $485.34 and currently have a market capitalization of $223.48 billion.
• Despite reporting $4.72 EPS for the last quarter, Caterpillar missed analysts' estimates of $4.88, with revenue slightly declining compared to the previous year.

Trivium Point Advisory LLC lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 132.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,926 shares of the industrial products company's stock after purchasing an additional 1,099 shares during the period. Trivium Point Advisory LLC's holdings in Caterpillar were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. GSB Wealth Management LLC lifted its stake in shares of Caterpillar by 1.2% in the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company's stock valued at $832,000 after purchasing an additional 26 shares during the period. Verum Partners LLC lifted its stake in shares of Caterpillar by 2.5% in the 2nd quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company's stock valued at $411,000 after purchasing an additional 26 shares during the period. Vanguard Capital Wealth Advisors lifted its stake in shares of Caterpillar by 0.8% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company's stock valued at $1,388,000 after purchasing an additional 27 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Caterpillar by 2.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 29 shares during the period. Finally, McAdam LLC lifted its stake in shares of Caterpillar by 1.6% in the 2nd quarter. McAdam LLC now owns 1,872 shares of the industrial products company's stock valued at $727,000 after purchasing an additional 29 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Caterpillar stock opened at $477.03 on Wednesday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $485.34. The firm has a market capitalization of $223.48 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.87 and a beta of 1.41. The company has a fifty day simple moving average of $433.41 and a 200-day simple moving average of $375.62. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. During the same period in the prior year, the company posted $5.99 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI upgraded shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a research note on Tuesday, August 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Oppenheimer upped their price objective on shares of Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a research report on Monday. Robert W. Baird upped their price objective on shares of Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Finally, Citigroup restated a "buy" rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $466.53.

Insider Activity at Caterpillar

In related news, Director Susan C. Schwab sold 2,324 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares of the company's stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the sale, the chairman directly owned 465,339 shares of the company's stock, valued at $215,289,088.35. This represents a 3.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by company insiders.

About Caterpillar

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.

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