Willis Investment Counsel buys $17,618,410 stake in Caterpillar (CAT)

Caterpillar (CAT) : Willis Investment Counsel scooped up 2,100 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 212,270 shares of Caterpillar which is valued at $17,618,410.Caterpillar makes up approximately 1.46% of Willis Investment Counsel’s portfolio.

Other Hedge Funds, Including , Nelson Roberts Investment Advisors boosted its stake in CAT in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 566 shares of Caterpillar which is valued at $46,978. Caterpillar makes up approx 0.02% of Nelson Roberts Investment Advisors’s portfolio.Psagot Investment House Ltd. reduced its stake in CAT by selling 1 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 48 shares of CAT which is valued at $3,996.Atlanta Capital Group boosted its stake in CAT in the latest quarter, The investment management firm added 13,015 additional shares and now holds a total of 37,093 shares of Caterpillar which is valued at $3,095,040. Caterpillar makes up approx 0.66% of Atlanta Capital Group’s portfolio.Douglas Lane Associates boosted its stake in CAT in the latest quarter, The investment management firm added 2,130 additional shares and now holds a total of 11,510 shares of Caterpillar which is valued at $967,991. Caterpillar makes up approx 0.03% of Douglas Lane Associates’s portfolio.

Caterpillar opened for trading at $83.98 and hit $84.68 on the upside on Tuesday, eventually ending the session at $84.01, with a gain of 0.50% or 0.42 points. The heightened volatility saw the trading volume jump to 31,78,360 shares. Company has a market cap of $49,081 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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