Bruderman Asset Management buys $5,244,121 stake in Caterpillar (CAT)

Caterpillar (CAT) : Bruderman Asset Management scooped up 25,039 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 62,849 shares of Caterpillar which is valued at $5,244,121.Caterpillar makes up approximately 1.62% of Bruderman Asset Management’s portfolio.

Other Hedge Funds, Including , Pinnacle Holdings reduced its stake in CAT by selling 42 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 14,979 shares of CAT which is valued at $1,249,848. Caterpillar makes up approx 0.62% of Pinnacle Holdings’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in CAT by selling 5,811 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 69,455 shares of CAT which is valued at $5,781,434. Caterpillar makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.Mufg Americas Holdings Corp reduced its stake in CAT by selling 4,057 shares or 7.2% in the most recent quarter. The Hedge Fund company now holds 52,308 shares of CAT which is valued at $4,354,118. Caterpillar makes up approx 0.15% of Mufg Americas Holdings Corp’s portfolio.Community Bank Of Raymore reduced its stake in CAT by selling 1,410 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 91,225 shares of CAT which is valued at $7,549,781. Caterpillar makes up approx 3.48% of Community Bank Of Raymore’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.

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