Brookstone Capital Management buys $4,632,474 stake in Caterpillar (CAT)

Caterpillar (CAT) : Brookstone Capital Management scooped up 38,929 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 58,513 shares of Caterpillar which is valued at $4,632,474.Caterpillar makes up approximately 0.70% of Brookstone Capital Management’s portfolio.

Caterpillar opened for trading at $78.47 and hit $79.87 on the upside on Monday, eventually ending the session at $79.25, with a gain of 0.10% or 0.08 points. The heightened volatility saw the trading volume jump to 48,22,226 shares. Company has a market cap of $46,149 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in CAT by selling 552 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 9,578 shares of CAT which is valued at $758,290. Caterpillar makes up approx 0.16% of Benjamin F. Edwards Company’s portfolio.State Of Alaska Department Of Revenue reduced its stake in CAT by selling 22,110 shares or 32.66% in the most recent quarter. The Hedge Fund company now holds 45,590 shares of CAT which is valued at $3,609,360. Caterpillar makes up approx 0.38% of State Of Alaska Department Of Revenue’s portfolio. Integral Derivatives added CAT to its portfolio by purchasing 16,240 company shares during the most recent quarter which is valued at $1,285,721. Caterpillar makes up approx 0.52% of Integral Derivatives’s portfolio. Beacon Financial Group sold out all of its stake in CAT during the most recent quarter. The investment firm sold 6,772 shares of CAT which is valued $520,022.

On the company’s financial health, Caterpillar reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $11030.00 million for the quarter, compared to analysts expectations of $11423.56 million. The company’s revenue was down -22.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on Caterpillar. Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 67 from a previous price target of $65 .Caterpillar was Downgraded by Goldman to ” Sell” on Jan 25, 2016.

Caterpillar Inc. is a manufacturer of construction and mining equipment diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries Construction Industries and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar CAT design versions of CAT and Caterpillar Electro-Motive FG Wilson MaK MWM Perkins Progress Rail SEM and Solar Turbines. It operates parts distribution centers at various locations including Morton Illinois; Arvin California; Denver Colorado; Miami Florida; Atlanta Georgia; St. Paul Minnesota and Dubai United Arab Emirates among others. Its subsidiaries include Caterpillar Life Insurance Company Cat Financial and Caterpillar Product Services Corporation (CPSC) among others.

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