Caterpillar (CAT) : Edmond De Rothschild (suisse) S.a. scooped up 2,450 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 21,180 shares of Caterpillar which is valued at $1,757,940.Caterpillar makes up approximately 0.56% of Edmond De Rothschild (suisse) S.a.’s portfolio.
Other Hedge Funds, Including , Clifford Swan Investment Counsel boosted its stake in CAT in the latest quarter, The investment management firm added 8,350 additional shares and now holds a total of 67,282 shares of Caterpillar which is valued at $5,584,406. Caterpillar makes up approx 0.38% of Clifford Swan Investment Counsel’s portfolio.Sg Americas Securities reduced its stake in CAT by selling 34,415 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 259,592 shares of CAT which is valued at $21,294,332. Caterpillar makes up approx 0.16% of Sg Americas Securities’s portfolio.Garrison Financial Corp reduced its stake in CAT by selling 45 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 5,619 shares of CAT which is valued at $472,558. Caterpillar makes up approx 0.31% of Garrison Financial Corp’s portfolio.Catawba Capital Management Va boosted its stake in CAT in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 4,195 shares of Caterpillar which is valued at $334,300. Caterpillar makes up approx 0.08% of Catawba Capital Management Va’s portfolio.
Caterpillar opened for trading at $83.06 and hit $84.38 on the upside on Friday, eventually ending the session at $83.84, with a gain of 0.55% or 0.46 points. The heightened volatility saw the trading volume jump to 38,23,918 shares. Company has a market cap of $48,982 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.