Crystal Rock Capital Management Exits Position in Caterpillar (CAT)

Caterpillar (CAT) : Crystal Rock Capital Management has sold out all of its stake in Caterpillar during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 23,900 shares of Caterpillar which is valued at $1,983,700.

Other Hedge Funds, Including , Investment Counselors Of Maryland reduced its stake in CAT by selling 175 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 16,200 shares of CAT which is valued at $1,348,488. Caterpillar makes up approx 0.07% of Investment Counselors Of Maryland’s portfolio.Keating Investment Counselors Inc reduced its stake in CAT by selling 15,000 shares or 73.64% in the most recent quarter. The Hedge Fund company now holds 5,370 shares of CAT which is valued at $440,501. Caterpillar makes up approx 0.22% of Keating Investment Counselors Inc’s portfolio.Leavell Investment Management reduced its stake in CAT by selling 2,400 shares or 10.77% in the most recent quarter. The Hedge Fund company now holds 19,888 shares of CAT which is valued at $1,584,875. Caterpillar makes up approx 0.23% of Leavell Investment Management’s portfolio.Balasa Dinverno Foltz reduced its stake in CAT by selling 40 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 4,422 shares of CAT which is valued at $352,964. Caterpillar makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio.

Caterpillar opened for trading at $82.51 and hit $83.35 on the upside on Monday, eventually ending the session at $83.1, with a gain of 0.53% or 0.44 points. The heightened volatility saw the trading volume jump to 22,53,599 shares. Company has a market cap of $48,550 M.

On the company’s financial health, Caterpillar reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.96. The company had revenue of $10342.00 million for the quarter, compared to analysts expectations of $10131.20 million. The company’s revenue was down -16.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Caterpillar. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .

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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