Caterpillar (CAT) : Argus Investors’ Counsel scooped up 550 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 60,390 shares of Caterpillar which is valued at $5,078,799.Caterpillar makes up approximately 2.06% of Argus Investors’ Counsel’s portfolio.
Other Hedge Funds, Including , Investment House reduced its stake in CAT by selling 1,300 shares or 10.58% in the most recent quarter. The Hedge Fund company now holds 10,987 shares of CAT which is valued at $924,007. Caterpillar makes up approx 0.14% of Investment House’s portfolio.Cwm boosted its stake in CAT in the latest quarter, The investment management firm added 1,708 additional shares and now holds a total of 2,574 shares of Caterpillar which is valued at $204,324. Caterpillar makes up approx 0.01% of Cwm’s portfolio.Hartford Financial Management boosted its stake in CAT in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 14,035 shares of Caterpillar which is valued at $1,132,625. Caterpillar makes up approx 0.66% of Hartford Financial Management’s portfolio.Johanson Financial Advisors boosted its stake in CAT in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 4,760 shares of Caterpillar which is valued at $379,943. Caterpillar makes up approx 0.43% of Johanson Financial Advisors’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 closed down -0.16 points or -0.19% at $82.76 with 42,74,241 shares getting traded on Friday. Post opening the session at $82.8, the shares hit an intraday low of $82.1345 and an intraday high of $83.14 and the price fluctuated in this range throughout the day.Shares ended Friday 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.