Caterpillar (CAT) : Hollencrest Securities reduced its stake in Caterpillar by 0.83% during the most recent quarter end. The investment management company now holds a total of 59,576 shares of Caterpillar which is valued at $5,211,113 after selling 496 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Caterpillar makes up approximately 0.78% of Hollencrest Securities’s portfolio.
Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in CAT in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 5,666 shares of Caterpillar which is valued at $495,605. Caterpillar makes up approx 0.10% of Prospera Financial Services Inc’s portfolio.Dynamic Advisors Solutions boosted its stake in CAT in the latest quarter, The investment management firm added 5,461 additional shares and now holds a total of 11,927 shares of Caterpillar which is valued at $1,052,200. Caterpillar makes up approx 0.40% of Dynamic Advisors Solutions’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in CAT by selling 249 shares or 4.5% in the most recent quarter. The Hedge Fund company now holds 5,286 shares of CAT which is valued at $466,331. Caterpillar makes up approx 0.09% of First Financial Bank N.a. – Trust Division’s portfolio.Gofen Glossberg Il reduced its stake in CAT by selling 10,053 shares or 11.46% in the most recent quarter. The Hedge Fund company now holds 77,656 shares of CAT which is valued at $6,850,812. Caterpillar makes up approx 0.29% of Gofen Glossberg Il’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in CAT by selling 1,960 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 149,175 shares of CAT which is valued at $13,197,512. Caterpillar makes up approx 0.28% of Exxonmobil Investment Management Inc Tx’s portfolio.
Caterpillar closed down -0.75 points or -0.85% at $87.47 with 64,71,919 shares getting traded on Tuesday. Post opening the session at $89.1, the shares hit an intraday low of $87.26 and an intraday high of $89.32 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Caterpillar was Upgraded by Goldman to ” Buy” on Oct 11, 2016. Deutsche Bank Initiated Caterpillar on Sep 7, 2016 to “Buy”, Price Target of the shares are set at $98.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.