Caterpillar Inc (NYSE:CAT) Trading Down - Short Interest decreased by -16.55%

Cornelia Mascio
Novembre 14, 2017

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. Following the sale, the director now owns 6,554 shares in the company, valued at $898,487.86.

Other large investors have also recently modified their holdings of the company. Advantage Investment Management LLC lifted its holdings in shares of Caterpillar by 32.0% during the 1st quarter. Sawtooth Solutions LLC now owns 12,571 shares of the industrial products company's stock worth $1,166,000 after purchasing an additional 1,187 shares in the last quarter. Edgar Lomax Co. VA raised its stake in shares of Caterpillar by 30.6% in the first quarter. Risk Paradigm Group, LLC claims 603 shares valued at $75,200,000. Adage Capital Partners GP L.L.C. now owns 330,980 shares of the company's stock worth $25,333,000 after buying an additional 13,839 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: "Caterpillar, Post FY2017 Earnings of $6.50 Per Share, Jefferies Group Forecasts (CAT)" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. National Asset Management Inc. now owns 5,909 shares of the industrial products company's stock worth $739,000 after purchasing an additional 741 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in Caterpillar by 72.2% in the 3rd quarter. Holderness Investments Co. now owns 11,675 shares of the industrial products company's stock worth $1,083,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 69.38% of the company's stock. Caterpillar has a 12 month low of $90.34 and a 12 month high of $140.44. 3,859,001 shares of the stock were exchanged. Caterpillar Inc's P/E ratio is 94.87 and the market cap of the company is 81.07B. The stock's 50-day moving average price is $85.31 and its 200-day moving average price is $79.84.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 25th.

As of quarter end Amalgamated Bank had acquired 1,493 shares growing its stake by 2.2%. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter a year ago, the business posted $0.85 earnings per share. The company's revenue was up 24.6% on a year-over-year basis. CIBC World Markets Inc. increased its position in Caterpillar by 13.7% during the 1st quarter.

The company is now down since yesterday's close of 136.48. Investors of record on Monday, October 24th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.29%.

Several research analysts have recently commented on the stock. As of the latest earnings report the EPS was $1.44 with 594.93M shares presently outstanding. Wells Fargo & Company reissued an "outperform" rating on shares of Caterpillar in a research report on Wednesday, July 26th. The stock has "Buy" rating by Vertical Research on Friday, April 15. Finally, Zacks Investment Research raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $142.00 price target for the company in a report on Wednesday, October 11th. Equity analyst Stifel Nicolaus raised the price target of the stock on October 25 changing the forecast from $125.00 to $145.00 and issued a "Hold" recommendation. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17.

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 Company operates through segments, including Construction Industries, Resource Industries, Energy & Transportation, Financial Products segment and All Other operating segments. It also provides financing and related services through its Financial Products segment.

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