Caterpillar (CAT) : Roundview Capital scooped up 85 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 44,415 shares of Caterpillar which is valued at $3,686,445.Caterpillar makes up approximately 1.31% of Roundview Capital’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies reduced its stake in CAT by selling 4,464 shares or 9.87% in the most recent quarter. The Hedge Fund company now holds 40,775 shares of CAT which is valued at $3,384,325. Caterpillar makes up approx 0.06% of Levin Capital Strategies’s portfolio.Credit Suisse Ag boosted its stake in CAT in the latest quarter, The investment management firm added 89,923 additional shares and now holds a total of 1,659,917 shares of Caterpillar which is valued at $137,773,111. Caterpillar makes up approx 0.17% of Credit Suisse Ag’s portfolio.Frontier Wealth Management reduced its stake in CAT by selling 200 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 6,618 shares of CAT which is valued at $549,294. Caterpillar makes up approx 0.08% of Frontier Wealth Management’s portfolio.Noesis Capital Mangement Corp reduced its stake in CAT by selling 2,616 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 55,756 shares of CAT which is valued at $4,603,215. Caterpillar makes up approx 1.98% of Noesis Capital Mangement Corp’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.