Caterpillar (CAT) : Pillar Pacific Capital Management scooped up 1,271 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 61,211 shares of Caterpillar which is valued at $5,021,138.Caterpillar makes up approximately 0.81% of Pillar Pacific Capital Management’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management reduced its stake in CAT by selling 381 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 36,400 shares of CAT which is valued at $2,985,892. Caterpillar makes up approx 0.26% of Shelton Capital Management’s portfolio.Sabal Trust Co boosted its stake in CAT in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 4,128 shares of Caterpillar which is valued at $341,633. Caterpillar makes up approx 0.04% of Sabal Trust Co’s portfolio.Mcqueen Ball Associates boosted its stake in CAT in the latest quarter, The investment management firm added 556 additional shares and now holds a total of 18,979 shares of Caterpillar which is valued at $1,506,553. Caterpillar makes up approx 1.04% of Mcqueen Ball Associates’s portfolio.Mitchell Mcleod Pugh Williams Inc boosted its stake in CAT in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 12,795 shares of Caterpillar which is valued at $1,021,297. Caterpillar makes up approx 0.76% of Mitchell Mcleod Pugh Williams Inc’s portfolio.
Caterpillar closed down -0.26 points or -0.32% at $81.77 with 24,07,526 shares getting traded on Thursday. Post opening the session at $81.82, the shares hit an intraday low of $81.4 and an intraday high of $82.54 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.