Caterpillar, Inc. (CAT) Upgraded by Zacks Investment Research to "Buy"

Author

01 August, 2017

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Caterpillar during the fourth quarter valued at approximately $414,361,000. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company's stock worth $26,746,000 after buying an additional 106,270 shares in the last quarter. FMR LLC raised its stake in Caterpillar by 11.4% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company's stock valued at $132,000 after buying an additional 845 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Caterpillar by 167.4% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company's stock worth $101,000 after buying an additional 372 shares during the last quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company's stock valued at $111,000 after buying an additional 750 shares in the last quarter.

Boston Financial Mangement LLC reduced its position in shares of Caterpillar, Inc. The firm owned 2,830 shares of the industrial products company's stock after selling 5,944 shares during the period.

Caterpillar Inc. (NYSE:CAT) has risen 23.03% since January and is up 7.05% for the past week. (NYSE:CAT) traded down 0.24% during trading on Friday, hitting $114.10.

In related news, insider Bradley M. Halverson sold 182,612 shares of the company's stock in a transaction that occurred on Thursday, July 27th. During the past six months, Caterpillar Inc. The firm has a market capitalization of $67.25 billion, a PE ratio of 636.5916 and a beta of 1.23. The stock has a 50 day moving average of $107.50 and a 200 day moving average of $99.82. Dean Foods Company (NYSE:DF) earnings have declined with a quarterly rate of -4.5% over the last 5 years. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.26 by $0.23.

For a total return analysis, there is the 0.60% return on equity and the 0.80% return on assets to consider. The company posted earnings of $11.33 B for the period end, compared with brokerage expectations of $10.96 B. For the same quarter last year, firm posted $1.09 Earnings Per Share. the firms for the quarter end, revenue was upwards of 9.6% on a YOY basis. experts anticipate that Caterpillar, to post $4.90 EPS for the full year. During the same period in the prior year, the company posted $1.09 earnings per share. Caterpillar's quarterly revenue was up 9.6% compared to the same quarter previous year. At current levels, shares have been seen trading 4.54% away from the 20-day moving average. On July 24, 2017 the stock rating was changed to a "Outperform" according to a BMO Capital report a boost from the previous "Market Perform" rating. Caterpillar's yield ratio (DPR) is presently 2,080.00%. Shareholders Have Something to Worry About" with publication date: "July 21, 2017. Caterpillar's dividend payout ratio is now 2,080.00%.

Cibc World Markets raised its stake in Caterpillar, (NYSE:CAT) by 507.9% during the Q1, based on the latest document with the SEC. Finally, Vetr upgraded Caterpillar from a "sell" rating to a "buy" rating and set a $107.75 price target for the company in a report on Monday, May 8th. Goldman Sachs Group, Inc. Argus Research maintained the shares of GSK in report on Friday, August 12 with "Buy" rating.

In a note revealed on Monday morning, investment analysts at the Tigress Financial equities research division boosted shares of Caterpillar (NYSE:CAT) stock from a "Neutral" to a respectable "Buy" rating. Credit Suisse Group restated a "buy" rating and issued a $123.00 price objective on shares of Caterpillar in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. If you are viewing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/07/31/hudson-valley-investment-advisors-inc-adv-has-579000-position-in-caterpillar-inc-nysecat-updated.html. Moreover, Wellington Shields Capital Management Ltd Co has 0.05% invested in Caterpillar Inc.

Several equities research analysts recently commented on CAT shares. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The stock has been upbeat for quite some time as is up 0.39% for the last 20 trading days, and now the firm's performance is turning out to be bearish with a -0.04% fall for the week.


More news