Caterpillar (CAT) : Sii Investments Incwi scooped up 23,391 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 108,293 shares of Caterpillar which is valued at $9,035,968.Caterpillar makes up approximately 0.72% of Sii Investments Incwi’s portfolio.
Other Hedge Funds, Including , Thompson Davis reduced its stake in CAT by selling 581 shares or 57.47% in the most recent quarter. The Hedge Fund company now holds 430 shares of CAT which is valued at $35,879. Caterpillar makes up approx 0.05% of Thompson Davis’s portfolio.Endurance Wealth Management reduced its stake in CAT by selling 7,689 shares or 54.61% in the most recent quarter. The Hedge Fund company now holds 6,390 shares of CAT which is valued at $527,558. Caterpillar makes up approx 0.10% of Endurance Wealth Management’s portfolio.Dupont Capital Management Corp reduced its stake in CAT by selling 45,451 shares or 67.84% in the most recent quarter. The Hedge Fund company now holds 21,551 shares of CAT which is valued at $1,767,829. Caterpillar makes up approx 0.04% of Dupont Capital Management Corp’s portfolio. Narwhal Capital Management sold out all of its stake in CAT during the most recent quarter. The investment firm sold 26,975 shares of CAT which is valued $2,268,598.State Of Alaska Department Of Revenue boosted its stake in CAT in the latest quarter, The investment management firm added 780 additional shares and now holds a total of 46,370 shares of Caterpillar which is valued at $3,695,225. Caterpillar makes up approx 0.38% of State Of Alaska Department Of Revenue’s portfolio.
Caterpillar opened for trading at $84.41 and hit $84.73 on the upside on Wednesday, eventually ending the session at $84.41, with a gain of 0.14% or 0.12 points. The heightened volatility saw the trading volume jump to 29,83,391 shares. Company has a market cap of $49,315 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.