Neville Rodie & Shaw Inc. Maintains Position in Caterpillar, Inc. (CAT)

Judith Bessette
Julho 18, 2017

Caterpillar Inc. (CAT) has 594.58 Million shares outstanding and 588.25 Million shares were floated in market. (NYSE:CAT) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Asset Management Group Inc. now owns 9,653 shares of the industrial products company's stock valued at $895,000 after buying an additional 95 shares during the period. LS Investment Advisors LLC's holdings in Caterpillar were worth $2,510,000 as of its most recent filing with the SEC. Zacks Investment Research raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $121.00 price target on the stock in a research report on Friday. The industrial products company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.66. Swiss National Bank increased its stake in shares of Caterpillar by 27.4% in the first quarter. 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. Atalanta Sosnoff Capital LLC increased its stake in shares of Caterpillar by 10,770.1% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company's stock valued at $113,000 after buying an additional 65 shares in the last quarter. The firm owned 2,080 shares of the industrial products company's stock after buying an additional 100 shares during the period. The Company operates through segments, including Construction Industries, Resource Industries, Energy & Transportation, Financial Products segment and All Other operating segments. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. (NYSE:CAT) traded up 0.1102% during midday trading on Monday, hitting $108.8899. The firm has a 50 day moving average price of $104.38 and a 200-day moving average price of $97.66. The company's market cap is $64.67 Billion.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, April 25th. The expected CAT's profit could reach $643.95 million giving the stock 25.03 P/E in the case that $1.09 earnings per share is reported. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. October 12 investment analysts at Barclays kept the company rating at "Hold" but raised the price expectation from $63.00 to $80.00. During the same period in the previous year, the firm posted $0.67 EPS. Caterpillar's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts predict that Caterpillar will post $4.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. This is a boost from Caterpillar's previous quarterly dividend of $0.77. This dividend represents a yield of $2.86. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar has a payout ratio of 75.4% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings decline.

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COPYRIGHT VIOLATION WARNING: "Carret Asset Management LLC Lowers Position in Caterpillar, Inc". Deutsche Bank initiated the shares of CAT in report on Wednesday, September 7 with "Buy" rating. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/07/17/caterpillar-inc-cat-shares-bought-by-norway-savings-bank.html.

Several research firms have recently issued reports on CAT. Raymond James Financial, Inc. upgraded Caterpillar to a "buy" rating and set a $55.00 price target for the company in a report on Thursday, April 27th. Credit Suisse Group set a $111.00 target price on Caterpillar and gave the company a "buy" rating in a research report on Monday, March 20th. Axiom Securities restated a "sell" rating on shares of Caterpillar in a research report on Tuesday, June 6th. Finally, Vetr cut shares of Caterpillar from a "sell" rating to a "strong sell" rating and set a $86.90 price objective for the company.in a research report on Tuesday, April 25th.

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