Stillwater Investment Management buys $1.2 Million stake in Caterpillar (CAT)

Caterpillar (CAT) : Stillwater Investment Management scooped up 393 additional shares in Caterpillar during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 15,557 shares of Caterpillar which is valued at $1.2 Million.Caterpillar makes up approximately 0.69% of Stillwater Investment Management’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group sold out all of its stake in CAT during the most recent quarter. The investment firm sold 6,772 shares of CAT which is valued $520,022.

On the company’s financial health, Caterpillar reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $11030.00 million for the quarter, compared to analysts expectations of $11423.56 million. The company’s revenue was down -22.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on Caterpillar. Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 67 from a previous price target of $65 .Caterpillar was Downgraded by Goldman to ” Sell” on Jan 25, 2016.

Caterpillar opened for trading at $74.61 and hit $75.779 on the upside on Monday, eventually ending the session at $74.63, with a gain of 0.38% or 0.28 points. The heightened volatility saw the trading volume jump to 39,04,792 shares. Company has a market cap of $43,459 M.

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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