Caterpillar (CAT) : Spinnaker Trust scooped up 3,650 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 18,322 shares of Caterpillar which is valued at $1,502,954.Caterpillar makes up approximately 0.21% of Spinnaker Trust’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CAT by selling 95,398 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 1,217,105 shares of CAT which is valued at $99,839,123. Caterpillar makes up approx 0.21% of California State Teachers Retirement System’s portfolio. Trillium Asset Management sold out all of its stake in CAT during the most recent quarter. The investment firm sold 2,725 shares of CAT which is valued $225,521.Traynor Capital Management reduced its stake in CAT by selling 484 shares or 14.94% in the most recent quarter. The Hedge Fund company now holds 2,755 shares of CAT which is valued at $231,696. Caterpillar makes up approx 0.17% of Traynor Capital Management’s portfolio.Msi Financial Services Inc reduced its stake in CAT by selling 783 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 54,837 shares of CAT which is valued at $4,611,792. Caterpillar makes up approx 0.16% of Msi Financial Services Inc’s portfolio.Douglass Winthrop Advisors boosted its stake in CAT in the latest quarter, The investment management firm added 8,048 additional shares and now holds a total of 40,052 shares of Caterpillar which is valued at $3,191,744. Caterpillar makes up approx 0.23% of Douglass Winthrop Advisors’s portfolio.
Caterpillar closed down -0.26 points or -0.32% at $81.77 with 24,07,526 shares getting traded on Thursday. Post opening the session at $81.82, the shares hit an intraday low of $81.4 and an intraday high of $82.54 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.