Lee Danner Bass Inc buys $4,954,776 stake in Caterpillar (CAT)

Caterpillar (CAT) : Lee Danner Bass Inc scooped up 1,445 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 60,402 shares of Caterpillar which is valued at $4,954,776.Caterpillar makes up approximately 0.60% of Lee Danner Bass Inc’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust added CAT to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $902,330. Caterpillar makes up approx 0.58% of New Jersey Better Educational Savings Trust’s portfolio.Quadrant Capital Group boosted its stake in CAT in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 1,217 shares of Caterpillar which is valued at $100,719. Caterpillar makes up approx 0.06% of Quadrant Capital Group’s portfolio.Northstar Group reduced its stake in CAT by selling 489 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 3,125 shares of CAT which is valued at $249,031. Caterpillar makes up approx 0.18% of Northstar Group’s portfolio.Chevy Chase Trust Holdings boosted its stake in CAT in the latest quarter, The investment management firm added 6,808 additional shares and now holds a total of 505,680 shares of Caterpillar which is valued at $39,124,462. Caterpillar makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio.

Caterpillar opened for trading at $83 and hit $83.79 on the upside on Monday, eventually ending the session at $83.44, with a gain of 1.07% or 0.88 points. The heightened volatility saw the trading volume jump to 35,44,827 shares. Company has a market cap of $48,748 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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