Caterpillar (CAT) : Zwj Investment Counsel Inc reduced its stake in Caterpillar by 0.38% during the most recent quarter end. The investment management company now holds a total of 162,368 shares of Caterpillar which is valued at $13,515,512 after selling 617 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Caterpillar makes up approximately 1.35% of Zwj Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in CAT by selling 1,039 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 64,808 shares of CAT which is valued at $5,394,618. Caterpillar makes up approx 0.15% of Oppenheimer Co Inc’s portfolio.Brown Advisory Securities boosted its stake in CAT in the latest quarter, The investment management firm added 867 additional shares and now holds a total of 9,972 shares of Caterpillar which is valued at $823,288. Caterpillar makes up approx 0.25% of Brown Advisory Securities’s portfolio.United Asset Strategies boosted its stake in CAT in the latest quarter, The investment management firm added 3,989 additional shares and now holds a total of 7,670 shares of Caterpillar which is valued at $629,170. Caterpillar makes up approx 0.23% of United Asset Strategies’s portfolio.Gateway Investment Advisers reduced its stake in CAT by selling 2,862 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 501,672 shares of CAT which is valued at $39,978,242. Caterpillar makes up approx 0.34% of Gateway Investment Advisers’s portfolio.
Caterpillar opened for trading at $83 and hit $84.275 on the upside on Monday, eventually ending the session at $84.15, with a gain of 1.39% or 1.15 points. The heightened volatility saw the trading volume jump to 40,56,023 shares. Company has a market cap of $49,163 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.