Hanlon Investment Management buys $7.8 Million stake in Caterpillar (CAT)

Caterpillar (CAT) : Hanlon Investment Management scooped up 57,802 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 111,221 shares of Caterpillar which is valued at $7.8 Million.Caterpillar makes up approximately 0.70% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in CAT in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 2,827 shares of Caterpillar which is valued at $198,088. Caterpillar makes up approx 0.03% of Signaturefd’s portfolio.Segment Wealth Management boosted its stake in CAT in the latest quarter, The investment management firm added 4,407 additional shares and now holds a total of 45,423 shares of Caterpillar which is valued at $3.2 Million. Caterpillar makes up approx 1.18% of Segment Wealth Management’s portfolio.First Heartland Consultants boosted its stake in CAT in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 4,775 shares of Caterpillar which is valued at $334,584. Caterpillar makes up approx 0.13% of First Heartland Consultants’s portfolio.Thompson Davis reduced its stake in CAT by selling 545 shares or 35.03% in the most recent quarter. The Hedge Fund company now holds 1,011 shares of CAT which is valued at $74,167. Caterpillar makes up approx 0.11% of Thompson Davis’s portfolio.Gamble Jones Investment Counsel reduced its stake in CAT by selling 2,334 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 42,562 shares of CAT which is valued at $3.1 Million. Caterpillar makes up approx 0.35% of Gamble Jones Investment Counsel’s portfolio.

Caterpillar opened for trading at $70 and hit $70.78 on the upside on Friday, eventually ending the session at $69.87, with a gain of 0.63% or 0.44 points. The heightened volatility saw the trading volume jump to 57,31,635 shares. Company has a market cap of $40,795 M.

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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