Caterpillar (CAT) : Fdo Partners scooped up 20,555 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 26,660 shares of Caterpillar which is valued at $2,212,780.Caterpillar makes up approximately 1.14% of Fdo Partners’s portfolio.
Other Hedge Funds, Including , Smith Moore reduced its stake in CAT by selling 99 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 7,400 shares of CAT which is valued at $614,200. Caterpillar makes up approx 0.24% of Smith Moore’s portfolio.Clear Harbor Asset Management reduced its stake in CAT by selling 7,402 shares or 18.34% in the most recent quarter. The Hedge Fund company now holds 32,965 shares of CAT which is valued at $2,721,590. Caterpillar makes up approx 0.57% of Clear Harbor Asset Management’s portfolio.Fernwood Investment Management reduced its stake in CAT by selling 650 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 10,400 shares of CAT which is valued at $858,624. Caterpillar makes up approx 0.80% of Fernwood Investment Management’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in CAT in the latest quarter, The investment management firm added 865,000 additional shares and now holds a total of 1,000,000 shares of Caterpillar which is valued at $82,030,000. Caterpillar makes up approx 0.36% of State Of New Jersey Common Pension Fund D’s portfolio.Oakworth Capital boosted its stake in CAT in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 308 shares of Caterpillar which is valued at $24,449. Caterpillar makes up approx 0.01% of Oakworth Capital’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.