November 24, 2016 - By Linda Rogers · 0 Comments
Caterpillar Inc (NYSE:CAT) institutional sentiment increased to 0.98 in Q2 2016. Its up 0.13, from 0.85 in 2016Q1. The ratio is more positive, as 371 investment professionals increased and started new equity positions, while 439 sold and reduced their holdings in Caterpillar Inc. The investment professionals in our partner’s database now possess: 396.23 million shares, down from 410.29 million shares in 2016Q1. Also, the number of investment professionals holding Caterpillar Inc in their top 10 equity positions decreased from 13 to 6 for a decrease of 7. Sold All: 76 Reduced: 363 Increased: 331 New Position: 40.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has a market cap of $57.81 billion. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. It has a 55.71 P/E ratio. It also provides financing and related services through its Financial Products segment.
The stock increased 2.70% or $2.53 on November 23, hitting $96.18. Caterpillar Inc. (NYSE:CAT) has risen 22.80% since April 22, 2016 and is uptrending. It has outperformed by 17.39% the S&P500.
Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on January, 26. They expect $0.66 earnings per share, down 10.81% or $0.08 from last year’s $0.74 per share. CAT’s profit will be $396.70M for 36.43 P/E if the $0.66 EPS becomes a reality. After $0.85 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -22.35% negative EPS growth.
According to Zacks Investment Research, “Caterpillar Inc is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company is one of only a handful of U.S. companies that leads its industry while competing globally from a principally domestic manufacturing base. The company records more than half of its sales to overseas customers. Their products are used in the construction, road building, mining, forestry, energy, transportation and material-handling industries.”
San Francisco Sentry Investment Group (Ca) holds 7.73% of its portfolio in Caterpillar Inc. for 165,729 shares. American Investment Services Inc. owns 174,957 shares or 5.74% of their US portfolio. Moreover, Bill & Melinda Gates Foundation Trust has 5.08% invested in the company for 11.26 million shares. The Colorado-based Stewart West Indies Trading Co. Ltd has invested 3.65% in the stock. Community Bank Of Raymore, a Missouri-based fund reported 91,225 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 5 sales for $707,634 net activity.
Ratings analysis reveals 32% of Caterpillar Inc.’s analysts are positive. Out of 22 Wall Street analysts rating Caterpillar Inc., 7 give it “Buy”, 3 “Sell” rating, while 12 recommend “Hold”. The lowest target is $28 while the high is $104. The stock’s average target of $72.68 is -24.43% below today’s ($96.18) share price. CAT was included in 43 notes of analysts from July 27, 2015. Citigroup maintained Caterpillar Inc. (NYSE:CAT) on Friday, September 25 with “Neutral” rating. The stock of Caterpillar Inc. (NYSE:CAT) earned “Sell” rating by Goldman Sachs on Monday, January 25. The firm has “Equal Weight” rating by Barclays Capital given on Friday, September 25. The firm has “Neutral” rating given on Friday, September 25 by Bank of America. The firm earned “Buy” rating on Tuesday, April 26 by Argus Research. The rating was maintained by Goldman Sachs on Monday, December 7 with “Neutral”. The stock has “Buy” rating given by Deutsche Bank on Monday, September 28. The stock of Caterpillar Inc. (NYSE:CAT) earned “Buy” rating by Vertical Research on Friday, April 15. On Thursday, December 17 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Buy”.
Caterpillar Inc. (Caterpillar), incorporated on March 12, 1986, is a maker of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. The Firm also provides financing and related services through its Financial Products segment. The Firm 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. The Firm operates parts distribution centers at various locations, including Morton, Illinois; Mossville, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota; Southaven, Mississippi; Clayton, Ohio; Houston, Pennsylvania; York, Pennsylvania; Waco, Texas; Van Alstyne, Texas; Duffield, Virginia; Spokane, Washington; Melbourne, Australia; Stapylton, Australia; Queensland, Australia; Grimbergen, Belgium; Piracicaba, Brazil; Shanghai, China; Dortmund, Germany; Lunen, Germany; San Luis Potosi, Mexico; Singapore, Republic of Singapore; Moscow, Russia; Johannesburg, South Africa, and Dubai, United Arab Emirates.
More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Fool.com which released: “A Look at Caterpillar, Inc.’s Retail Sales Over the Years Is Depressing” on November 22, 2016, also Fool.com with their article: “Better Buy: Caterpillar Inc. vs. United Technologies” published on November 15, 2016, Investorplace.com published: “Double Your Money With This Caterpillar Inc. (CAT) Stock Spread!” on November 23, 2016. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Fool.com and their article: “1 Billionaire is Shorting Caterpillar Inc.’s Stock: Should You?” published on November 04, 2016 as well as Fool.com‘s news article titled: “What the Upcoming CEO Shuffle Means for Caterpillar Inc.” with publication date: November 01, 2016.
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By Linda Rogers