Heritage Investors Management Corp buys $18,247,331 stake in Caterpillar (CAT)

Caterpillar (CAT) : Heritage Investors Management Corp scooped up 4,112 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 228,606 shares of Caterpillar which is valued at $18,247,331.Caterpillar makes up approximately 1.33% of Heritage Investors Management Corp’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in CAT in the latest quarter, The investment management firm added 25,210 additional shares and now holds a total of 239,920 shares of Caterpillar which is valued at $19,150,414. Caterpillar makes up approx 0.25% of Nisa Investment Advisors’s portfolio.Balasa Dinverno Foltz reduced its stake in CAT by selling 40 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 4,422 shares of CAT which is valued at $352,964. Caterpillar makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio.Northstar Group reduced its stake in CAT by selling 489 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 3,125 shares of CAT which is valued at $249,031. Caterpillar makes up approx 0.18% of Northstar Group’s portfolio.

Caterpillar closed down -0.11 points or -0.14% at $79.82 with 41,36,743 shares getting traded on Monday. Post opening the session at $79.88, the shares hit an intraday low of $78.87 and an intraday high of $79.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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