Caterpillar (CAT) : Kwmg scooped up 589 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 22,817 shares of Caterpillar which is valued at $1,811,213.Caterpillar makes up approximately 0.95% of Kwmg’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in CAT in the latest quarter, The investment management firm added 733 additional shares and now holds a total of 27,460 shares of Caterpillar which is valued at $2,179,775. Caterpillar makes up approx 0.15% of Ls Investment Advisors’s portfolio.Leavell Investment Management reduced its stake in CAT by selling 2,400 shares or 10.77% in the most recent quarter. The Hedge Fund company now holds 19,888 shares of CAT which is valued at $1,584,875. Caterpillar makes up approx 0.23% of Leavell Investment Management’s portfolio.Dnb Asset Management As boosted its stake in CAT in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 58,597 shares of Caterpillar which is valued at $4,533,650. Caterpillar makes up approx 0.09% of Dnb Asset Management As’s portfolio.
Caterpillar closed down -1.18 points or -1.40% at $82.92 with 44,63,635 shares getting traded on Thursday. Post opening the session at $83.7, the shares hit an intraday low of $82.45 and an intraday high of $83.7148 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Caterpillar reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.96. The company had revenue of $10342.00 million for the quarter, compared to analysts expectations of $10131.20 million. The company’s revenue was down -16.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 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.