Caterpillar (CAT) : Brookstone Capital Management scooped up 6,712 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 65,225 shares of Caterpillar which is valued at $5,197,780.Caterpillar makes up approximately 0.67% of Brookstone Capital Management’s portfolio.
Other Hedge Funds, Including , Murphy Capital Management Inc reduced its stake in CAT by selling 1,271 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 15,922 shares of CAT which is valued at $1,268,824. Caterpillar makes up approx 0.19% of Murphy Capital Management Inc’s portfolio. Hexavest sold out all of its stake in CAT during the most recent quarter. The investment firm sold 258 shares of CAT which is valued $20,594.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.Nn Investment Partners Holdings N.v. boosted its stake in CAT in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 453,859 shares of Caterpillar which is valued at $36,168,024. Caterpillar makes up approx 0.33% of Nn Investment Partners Holdings N.v.’s portfolio.
Caterpillar closed down -0.05 points or -0.06% at $79.69 with 41,85,481 shares getting traded on Wednesday. Post opening the session at $79.45, the shares hit an intraday low of $78.93 and an intraday high of $79.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Caterpillar reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $9461.00 million for the quarter, compared to analysts expectations of $9454.87 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.72 EPS.
Many Wall Street Analysts have commented on Caterpillar. Goldman Upgraded Caterpillar on Apr 25, 2016 to ” Neutral”, Price Target of the shares are set at $78.Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $68 .Company shares were Reiterated by UBS on Apr 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $61 .
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.