Segment Wealth Management buys $3.2 Million stake in Caterpillar (CAT)

Caterpillar (CAT) : Segment Wealth Management scooped up 4,407 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 45,423 shares of Caterpillar which is valued at $3.2 Million.Caterpillar makes up approximately 1.18% of Segment Wealth Management’s portfolio.

Other Hedge Funds, Including , Garcia Hamilton Associates Lpde reduced its stake in CAT by selling 13,095 shares or 52.0% in the most recent quarter. The Hedge Fund company now holds 12,088 shares of CAT which is valued at $847,006. Caterpillar makes up approx 0.49% of Garcia Hamilton Associates Lpde’s portfolio.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.Point View Wealth Management boosted its stake in CAT in the latest quarter, The investment management firm added 2,065 additional shares and now holds a total of 8,019 shares of Caterpillar which is valued at $588,274. Caterpillar makes up approx 0.38% of Point View Wealth Management’s portfolio. B T Capital Management Dba Alpha Capital Management added CAT to its portfolio by purchasing 3,608 company shares during the most recent quarter which is valued at $264,683. Caterpillar makes up approx 0.19% of B T Capital Management Dba Alpha Capital Management’s portfolio.

Caterpillar opened for trading at $70.39 and hit $71.7 on the upside on Monday, eventually ending the session at $70.7, with a gain of 0.90% or 0.63 points. The heightened volatility saw the trading volume jump to 45,15,923 shares. Company has a market cap of $41,280 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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