Aull Monroe Investment Management Corp Lowers stake in Caterpillar (CAT)

Caterpillar (CAT) : Aull Monroe Investment Management Corp reduced its stake in Caterpillar by 1.29% during the most recent quarter end. The investment management company now holds a total of 38,097 shares of Caterpillar which is valued at $2,983,757 after selling 499 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Caterpillar makes up approximately 1.76% of Aull Monroe Investment Management Corp’s portfolio.

Caterpillar closed down -0.34 points or -0.43% at $78.32 with 1,00,99,567 shares getting traded on Friday. Post opening the session at $78.93, the shares hit an intraday low of $77.2 and an intraday high of $79.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Lebenthal Holdingsllc boosted its stake in CAT in the latest quarter, The investment management firm added 1,205 additional shares and now holds a total of 17,010 shares of Caterpillar which is valued at $1,332,223. Caterpillar makes up approx 0.23% of Lebenthal Holdingsllc’s portfolio.Northstar Group boosted its stake in CAT in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 3,614 shares of Caterpillar which is valued at $286,120. Caterpillar makes up approx 0.22% of Northstar Group’s portfolio.Trust Co boosted its stake in CAT in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 6,289 shares of Caterpillar which is valued at $469,348. Caterpillar makes up approx 0.22% of Trust Co’s portfolio.British Columbia Investment Management Corp boosted its stake in CAT in the latest quarter, The investment management firm added 15,515 additional shares and now holds a total of 301,050 shares of Caterpillar which is valued at $22,467,362. Caterpillar makes up approx 0.21% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Caterpillar reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $9461.00 million for the quarter, compared to analysts expectations of $9454.87 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.72 EPS.

Many Wall Street Analysts have commented on Caterpillar. Goldman Upgraded Caterpillar on Apr 25, 2016 to ” Neutral”, Price Target of the shares are set at $78.Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $68 .Company shares were Reiterated by UBS on Apr 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $61 .

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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