Caterpillar, Inc. (NYSE:CAT) Stake Boosted by First Personal Financial Services

Cornelia Mascio
Luglio 18, 2017

Finally, World Asset Management Inc raised its stake in shares of Caterpillar by 9.5% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company's stock valued at $101,000 after buying an additional 372 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its stake in shares of Caterpillar by 10,770.1% in the first 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. Trust Investment Advisors raised its position in Caterpillar by 0.3% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company's stock worth $113,000 after buying an additional 65 shares in the last quarter. Advantage Investment Management LLC bought a new stake in Caterpillar during the fourth quarter valued at approximately $125,000. 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. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company's stock worth $214,000 after buying an additional 9 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Caterpillar by 58.4% in the first quarter. (NYSE CAT) traded up 0.34% on Monday, reaching $109.14. The company has a 50 day moving average price of $104.38 and a 200 day moving average price of $97.66.

Caterpillar Inc. (Caterpillar), launched on March 12, 1986, is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The firm's market capitalization is $64.08 billion.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 25th.

As of the latest earnings report the EPS was $-0.25 and is expected to be $4.20 for the current year with 589,090,000 shares now outstanding. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.27 billion. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. Caterpillar's revenue was up 3.8% compared to the same quarter past year. During the same period in the previous year, the firm posted $0.67 EPS. Equities research analysts expect that Caterpillar, Inc. will post $4.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. The ex-dividend date is Thursday the 20th of April 2017. This is a positive change from Caterpillar's previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a yield of 2.87%. For the most recent quarter, quick ratio was 1, current ratio was 1.3, LT Debt/Equity ratio was 1.75 and Total Debt/Equity ratio was 2.82.

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Several research firms have recently issued reports on CAT. Finally, Vetr downgraded Caterpillar from a "sell" rating to a "strong sell" rating and set a $86.90 price objective on the stock.in a report on Tuesday, April 25th. Bank of America Corporation upgraded shares of Caterpillar from a "neutral" rating to a "buy" rating and increased their target price for the stock from $105.00 to $120.00 in a report on Thursday, May 11th. (The) upgraded shares of Caterpillar from a "buy" rating to a "conviction-buy" rating and set a $120.00 target price for the company in a research note on Tuesday, April 4th. The firm has "Sell" rating given on Friday, October 23 by S&P Research. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Caterpillar has a consensus rating of "Hold" and a consensus target price of $97.72. (NYSE:CAT). Canada Pension Plan Invest Board holds 0.04% in Caterpillar Inc.

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