Roundview Capital buys $3.1 Million stake in Caterpillar (CAT)

Caterpillar (CAT) : Roundview Capital scooped up 22,515 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 44,330 shares of Caterpillar which is valued at $3.1 Million.Caterpillar makes up approximately 1.18% of Roundview Capital’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. reduced its stake in CAT by selling 440 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 2,765 shares of CAT which is valued at $193,744. Caterpillar makes up approx 0.04% of Meiji Yasuda Asset Management Co Ltd.’s portfolio. Gideon Capital Advisors sold out all of its stake in CAT during the most recent quarter. The investment firm sold 4,121 shares of CAT which is valued $288,758.Zweig-dimenna Associates boosted its stake in CAT in the latest quarter, The investment management firm added 136,270 additional shares and now holds a total of 167,670 shares of Caterpillar which is valued at $11.7 Million. Caterpillar makes up approx 1.04% of Zweig-dimenna Associates’s portfolio.Community Bank Trust Waco Texas reduced its stake in CAT by selling 10,586 shares or 34.56% in the most recent quarter. The Hedge Fund company now holds 20,045 shares of CAT which is valued at $1.6 Million. Caterpillar makes up approx 0.89% of Community Bank Trust Waco Texas’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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