Caterpillar (CAT) : Gould Asset Management Ca added new position in Caterpillar during the most recent quarter end. The investment management firm now holds 2,635 shares of Caterpillar which is valued at $218,705 , the company said in a statement filed on Aug 15, 2016 with the SEC.Caterpillar makes up approximately 0.11% of Gould Asset Management Ca’s portfolio.
Other Hedge Funds, Including , Sandhill Capital Partners boosted its stake in CAT in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 4,997 shares of Caterpillar which is valued at $414,751. Caterpillar makes up approx 0.12% of Sandhill Capital Partners’s portfolio.Keybank National Associationoh reduced its stake in CAT by selling 7,235 shares or 2.85% in the most recent quarter. The Hedge Fund company now holds 247,034 shares of CAT which is valued at $20,503,822. Caterpillar makes up approx 0.13% of Keybank National Associationoh’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in CAT in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 1,513 shares of Caterpillar which is valued at $124,913. Caterpillar makes up approx 0.05% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Salient Capital Advisors reduced its stake in CAT by selling 398 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 20,440 shares of CAT which is valued at $1,687,526. Caterpillar makes up approx 0.04% of Salient Capital Advisors’s portfolio.Canandaigua National Bank Trust Co reduced its stake in CAT by selling 320 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 19,282 shares of CAT which is valued at $1,621,616. Caterpillar makes up approx 0.46% of Canandaigua National Bank Trust Co’s portfolio.
Caterpillar closed down -0.5 points or -0.61% at $81.45 with 41,02,195 shares getting traded on Thursday. Post opening the session at $81.59, the shares hit an intraday low of $80.57 and an intraday high of $82 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.