Sawtooth Asset Management buys $918,395 stake in Caterpillar (CAT)

Caterpillar (CAT) : Sawtooth Asset Management scooped up 1,199 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,065 shares of Caterpillar which is valued at $918,395.Caterpillar makes up approximately 0.48% of Sawtooth Asset Management’s portfolio.

Other Hedge Funds, Including , Rodgers Brothers reduced its stake in CAT by selling 548 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 7,926 shares of CAT which is valued at $657,858. Caterpillar makes up approx 0.27% of Rodgers Brothers’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in CAT in the latest quarter, The investment management firm added 865,000 additional shares and now holds a total of 1,000,000 shares of Caterpillar which is valued at $82,030,000. Caterpillar makes up approx 0.36% of State Of New Jersey Common Pension Fund D’s portfolio.Clarkston Capital Partners reduced its stake in CAT by selling 195 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 20,400 shares of CAT which is valued at $1,619,352. Caterpillar makes up approx 0.08% of Clarkston Capital Partners’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.

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