San Francisco Sentry Investment Group (ca) Lowers stake in Caterpillar (CAT)

Caterpillar (CAT) : San Francisco Sentry Investment Group (ca) reduced its stake in Caterpillar by 32.47% during the most recent quarter end. The investment management company now holds a total of 165,729 shares of Caterpillar which is valued at $13,828,428 after selling 79,688 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Caterpillar makes up approximately 8.13% of San Francisco Sentry Investment Group (ca)’s portfolio.

Other Hedge Funds, Including , Aull Monroe Investment Management Corp reduced its stake in CAT by selling 250 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 37,847 shares of CAT which is valued at $3,157,954. Caterpillar makes up approx 1.78% of Aull Monroe Investment Management Corp’s portfolio.Princeton Capital Management Inc boosted its stake in CAT in the latest quarter, The investment management firm added 1,352 additional shares and now holds a total of 20,963 shares of Caterpillar which is valued at $1,762,988. Caterpillar makes up approx 1.15% of Princeton Capital Management Inc’s portfolio.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.Gateway Investment Advisers reduced its stake in CAT by selling 2,862 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 501,672 shares of CAT which is valued at $39,978,242. Caterpillar makes up approx 0.34% of Gateway Investment Advisers’s portfolio.

Caterpillar opened for trading at $84.41 and hit $84.73 on the upside on Wednesday, eventually ending the session at $84.41, with a gain of 0.14% or 0.12 points. The heightened volatility saw the trading volume jump to 29,83,391 shares. Company has a market cap of $49,315 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.

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