12 September, 2017
The stock rose 0.81% or $0.95 reaching $118.77. On July 31 the company was changed to "Buy" in a report from Tigress Financial which is up from the previous "Neutral" rating. The stock's market cap is $54.24 billion.
Company shares last traded at $118.87 marginally over the 50 day moving average of $114.72 and significantly above the 200 day moving average of $103.98.
About 3.25M shares traded or 6.21% up from the average. It has outperformed by 24.45% the S&P500. (NYSE:CAT). Connor Clark & Lunn Invest Mgmt has 0.01% invested in Caterpillar Inc.
Traders are a little more bullish on shares of Caterpillar, Inc. recently if you take note of the fall in short interest. The institutional investor held 3,591 shares of the oil & gas production company at the end of 2016Q4, valued at $235,000, down from 9,015 at the end of the previous reported quarter. Camarda Finance Advsrs Ltd Limited Liability Company invested in 1.23% or 15,669 shares. Caterpillar has a 12-month low of $60.51 and a 12-month high of $99.46. It has outperformed by 30.83% the S&P500. (NYSE:CAT). Birinyi reported 4,656 shares.
Investors sentiment decreased to 1.1 in 2016 Q4. Its up 0.25, from 0.71 in 2016Q3. 88 funds opened positions while 331 raised stakes. State Teachers Retirement reported 989,075 shares. M&R Incorporated stated it has 383 shares. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.23. Fmr Ltd Com owns 7.54 million shares. 2,418 are owned by Diligent Invsts Llc. Fukoku Mutual Life has 2,400 shares for 0.04% of their portfolio. Castleark Mgmt Ltd Liability Corp owns 1,500 shares or 0% of their USA portfolio. On average, equities research analysts expect that Caterpillar will post $5.24 earnings per share for the current fiscal year.
Primecap Management Company decreased Caterpillar Inc Del (CAT) stake by 0.65% reported in 2016Q4 SEC filing. Shell Asset holds 0.37% or 146,260 shares in its portfolio. Mechanics Bankshares Tru Department has invested 0.1% in Raytheon Company (NYSE:RTN).
Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The legal version of this article can be accessed at https://stocknewstimes.com/2017/09/11/caterpillar-inc-cat-earns-buy-rating-from-bmo-capital-markets.html. Jefferies upgraded the stock to "Buy" rating in Tuesday, November 15 report. On Thursday, May 26 the stock rating was maintained by Sidoti with "Buy". Barclays Capital maintained it with "Equal-Weight" rating and $90 target in Wednesday, October 12 report. The company was maintained on Monday, December 7 by Goldman Sachs. Finally, Longbow Research reissued a hold rating on shares of Caterpillar in a research report on Wednesday, January 25th. The firm has "Sell" rating given on Monday, January 25 by Goldman Sachs.
In other news, insider Bradley M. Halverson sold 182,612 shares of the company's stock in a transaction that occurred on Thursday, July 27th. The rating was maintained by RBC Capital Markets with "Hold" on Sunday, August 27.
Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $191,393 activity. The insider NORTON PHILLIP G sold $1.65 million. Over the last quarter, insiders sold 201,471 shares of company stock worth $22,979,332. The Price to Sales (P/S) ratio of the stock is 1.74, while P/B (Price to Book) stands at 4.96. (NYSE:CAT) news were published by: Prnewswire.com which released: "Caterpillar to Participate in Morgan Stanley Conference on September 13 ..." on September 11, 2017, also Seekingalpha.com with their article: "Caterpillar Inc. Announce A Major Dividend Hike?" on August 22, 2017. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $104,000. (NYSE:CAT). Lenox Wealth stated it has 0.06% in Caterpillar Inc. "Valuation Models" on August 16, 2017.
Several analysts have provided guidance on Caterpillar, Inc. of late. (NYSE:CAT) from a buy rating to a hold rating in a research report sent to investors on Monday. Therefore 39% are positive.
07/26/2017 - Caterpillar, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Bank of America upgraded Caterpillar Inc. (NYSE:CAT)'s stock was 28.18%. As per Monday, May 29, the company rating was maintained by KeyCorp. On Thursday, September 24 the stock rating was initiated by Axiom Capital with "Sell". The stock of Caterpillar Inc. (NYSE:CAT) for 13,150 shares. The firm has "Neutral" rating given on Friday, October 9 by Sidoti. Its down 0.14, from 0.98 in 2016Q3.
Hedge funds have recently added to or reduced their stakes in the company. The overall volume in the last trading session was 3.5 million shares. The stock declined 0.08% or $0.09 reaching $117.73 per share. Osborne Prtnrs Cap Ltd holds 0.29% or 21,692 shares. Caterpillar Inc.'s trailing 12- months EPS is 0.15. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since September 10, 2016 and is uptrending. Blackhill Capital accumulated 60,005 shares. The return on assets ratio shows how well management is employing the company's total assets to make a profit.
Colonial Trust Advisors increased Caterpillar Inc (CAT) stake by 57.96% reported in 2016Q4 SEC filing. (NYSE:CAT) for 7,438 shares. Washington Trust National Bank & Trust accumulated 4,050 shares. Pictet Asset Mgmt Limited has invested 0.1% in Caterpillar Inc. (NYSE:CAT). Comml Bank stated it has 111,607 shares. Lee Danner And Bass owns 58,672 shares.
