Caterpillar (CAT) : Mathes Company scooped up 540 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 44,007 shares of Caterpillar which is valued at $3,420,224.Caterpillar makes up approximately 2.05% of Mathes Company’s portfolio.
Caterpillar opened for trading at $77.35 and hit $78.07 on the upside on Monday, eventually ending the session at $77.84, with a gain of 0.15% or 0.12 points. The heightened volatility saw the trading volume jump to 33,30,126 shares. Company has a market cap of $45,328 M.
Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in CAT by selling 1,900 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 38,900 shares of CAT which is valued at $3,023,308. Caterpillar makes up approx 0.16% of Louisiana State Employees Retirement System’s portfolio. Quantres Asset Management Ltd sold out all of its stake in CAT during the most recent quarter. The investment firm sold 39,200 shares of CAT which is valued $3,070,144.Bristol John W Co Inc Ny reduced its stake in CAT by selling 28,513 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 638,298 shares of CAT which is valued at $49,991,499. Caterpillar makes up approx 1.32% of Bristol John W Co Inc Ny’s portfolio.Culbertson A N Co Inc boosted its stake in CAT in the latest quarter, The investment management firm added 246 additional shares and now holds a total of 32,657 shares of Caterpillar which is valued at $2,585,455. Caterpillar makes up approx 0.99% of Culbertson A N Co Inc’s portfolio. Maple Securities Usa Inc sold out all of its stake in CAT during the most recent quarter. The investment firm sold 36,856 shares of CAT which is valued $2,917,890.
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.