Caterpillar (CAT) : Supplemental Annuity Collective Trust Of Nj scooped up 638 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 10,000 shares of Caterpillar which is valued at $820,300.Caterpillar makes up approximately 0.40% of Supplemental Annuity Collective Trust Of Nj’s portfolio.
Other Hedge Funds, Including , Integrated Wealth Management boosted its stake in CAT in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 926 shares of Caterpillar which is valued at $75,960. Caterpillar makes up approx 0.03% of Integrated Wealth Management’s portfolio.Daiwa Securities Group reduced its stake in CAT by selling 8,000 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 60,300 shares of CAT which is valued at $5,071,230. Caterpillar makes up approx 0.03% of Daiwa Securities Group’s portfolio.Highstreet Asset Management boosted its stake in CAT in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 26,300 shares of Caterpillar which is valued at $2,087,694. Caterpillar makes up approx 0.71% of Highstreet Asset Management’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.
Caterpillar opened for trading at $83 and hit $83.79 on the upside on Monday, eventually ending the session at $83.44, with a gain of 1.07% or 0.88 points. The heightened volatility saw the trading volume jump to 35,44,827 shares. Company has a market cap of $48,748 M.
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. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .
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.