Caterpillar, Inc. (CAT) Sees 52-Week High

Cornelia Mascio
Settembre 21, 2017

410.43 million shares or 3.17% more from 397.80 million shares in 2016Q3 were reported. After tagging a 52-week low yesterday, the stock's 30-day at-the-money implied volatility was last seen at 16.4%, in the 1st annual percentile. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company's stock worth $107,000 after purchasing an additional 900 shares in the last quarter. (NYSE:CAT) news were published by: Bloomberg.com which released: "Caterpillar Dangles Profit Surge to Investors Wary of Letdowns" on September 12, 2017, also Seekingalpha.com with their article: "Caterpillar - Don't Trust New All Time Highs" published on September 14, 2017, Tucson.com published: "Tucson Caterpillar employees help develop driverless mining trucks" on September 16, 2017. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar in the second quarter valued at about $104,000. During the same quarter previous year, the business posted $1.09 earnings per share. The value of the investment in Caterpillar, Inc. went from $1,034,000 to $1,426,273,000 a change of $1,425,239,000 quarter to quarter. Finally, FineMark National Bank & Trust boosted its holdings in shares of Caterpillar by 2.4% during the 2nd quarter. As of the end of the quarter Perigon Wealth Management, LLC had bought a total of 9,750 shares growing its holdings by 389.7%. Finally, First Personal Financial Services raised its stake in Caterpillar by 167.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company's stock worth $102,000 after purchasing an additional 128 shares in the last quarter. Glg Limited Liability owns 33,500 shares or 0.21% of their USA portfolio.

Shares of Caterpillar, Inc. (NYSE:CAT) have displayed impressive price action in 2017. Shares last traded at $124.74 just a bit higher than the 50 day moving average which is $116.33 and which is quite a bit higher than the 200 day moving average of $105.20.

The company now has a P/E ratio of 696.87 and market cap is 73.72B.

Caterpillar Inc. (CAT) will report its next earnings on Oct 24 BMO. Caterpillar also saw unusually large options trading activity on Monday. Stock traders acquired 20,797 call options on the stock. This represents an increase of approximately 131% compared to the average volume of 8,998 call options.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. The business had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. National Bank Of America De reported 0.09% in Caterpillar Inc. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. Analysts expect next quarter's EPS to be $1.25 with next year's EPS projected to be $6.62.

TRADEMARK VIOLATION WARNING: This story was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was stolen and reposted in violation of global trademark & copyright law. The legal version of this news story can be viewed at https://www.equitiesfocus.com/2017/09/20/british-airways-pensions-investment-management-ltd-has-43-22-million-stake-in-caterpillar-inc-cat.html. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Executive Vice President disclosed the sale of 13,859 shares of CAT stock.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. Denise C. Johnson, Group President disclosed the sale of 88,969 shares of (CAT).

CAT has been the topic of several research analyst reports.

Caterpillar, Inc. (NYSE:CAT) was upgraded by equities research analysts at ValuEngine from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, September 1st. Seaport Global Securities initiated coverage on shares of Caterpillar in a research note on Wednesday, September 6th. Argus reissued a "buy" rating and set a $113.10 price objective (down previously from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. On June 23 the stock rating was downgraded from "Hold" to "Hold" in a report issued by Deutsche Bank. Jefferies Group LLC reissued a "hold" rating and set a $120.00 price objective (up previously from $100.00) on shares of Caterpillar in a report on Wednesday, July 26th.

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