Caterpillar (CAT) : Green Square Capital scooped up 852 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 54,972 shares of Caterpillar which is valued at $4,623,145.Caterpillar makes up approximately 1.12% of Green Square Capital’s portfolio.
Other Hedge Funds, Including , Hl Financial Services boosted its stake in CAT in the latest quarter, The investment management firm added 2,585 additional shares and now holds a total of 37,731 shares of Caterpillar which is valued at $3,173,177. Caterpillar makes up approx 0.07% of Hl Financial Services’s portfolio.Wagner Bowman Management Corp reduced its stake in CAT by selling 60 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 8,728 shares of CAT which is valued at $734,025. Caterpillar makes up approx 0.28% of Wagner Bowman Management Corp’s portfolio.Private Trust Co Na reduced its stake in CAT by selling 255 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 4,705 shares of CAT which is valued at $374,941. Caterpillar makes up approx 0.10% of Private Trust Co Na’s portfolio.Mechanics Bank Trust Department reduced its stake in CAT by selling 400 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 7,045 shares of CAT which is valued at $561,416. Caterpillar makes up approx 0.20% of Mechanics Bank Trust Department’s portfolio.Northstar Group reduced its stake in CAT by selling 489 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 3,125 shares of CAT which is valued at $249,031. Caterpillar makes up approx 0.18% of Northstar Group’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.