Investors are a little more bullish on shares of Caterpillar, Inc. of late as shown by the fall in short interest. (NYSE:CAT) by 60.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,910 shares of the industrial products company's stock after acquiring an additional 7,688 shares during the period. Halverson now owns $892,515 of the stock per the Form 4 SEC filing.
A number of other brokerages have also weighed in on CAT. The dividend payment was $0.780 per share for the quarter or $3.12 annualized. 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. As of the end of the quarter Koshinski Asset Management, Inc. had acquired a total of 2,125 shares growing its stake by 19.1%. Shares are trading at $124.74 which is a tad above $116.33, the stock's 50 day moving average and which is significantly higher than the 200 day moving average of $105.20. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Caterpillar by 17.5% during the 2nd quarter. Harbour Capital Advisors LLC bought a new stake in Caterpillar in the 1st quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Caterpillar by 75.6% in the second quarter. Perigon Wealth Management, LLC added to its investment by buying 9,750 shares an increase of 389.7% from 03/31/2017 to 06/30/2017.
CAT has been the topic of several research analyst reports. Wells Fargo & Company reiterated an "outperform" rating on shares of Caterpillar in a research note on Wednesday, July 26th.
On July 31, 2017 the stock rating was set at "Buy" by Tigress Financial which is up from the previous "Neutral" rating. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. On July 26 Citigroup made no change to the company rating of "Neutral" and raised the price expectation to $125.00 from $82.00. Caterpillar Inc. has $150 highest and $28 lowest target. (NYSE:CAT) have displayed impressive price action in 2017. The 50 day moving average was up $8.41 and the 200 day average went up $19.54 or +18.57%. The company has a market cap of $73.78 billion, a price-to-earnings ratio of 697.49 and a beta of 1.24. Caterpillar also was the target of unusually large options trading on Monday. The stock's Schaeffer's Volatility Scorecard (SVS) stands at a lofty 95, suggesting BA has tended to make outsized moves over the past year, relative to what the options market has priced in. This is an increase of 131% compared to the typical daily volume of 8,998 call options.
(NYSE:CAT) to report on October, 24 before the open. its quarterly earnings Wall Street analysts expect $1.19 EPS, up $0.34 or 40.00 % from last year's $0.85 same quarter earnings. The company reported the earnings of $1.49/Share in the last quarter where the estimated EPS by analysts was $1.26/share. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company's stock worth $119,000 after acquiring an additional 535 shares in the last quarter. Caterpillar's revenue was up 9.6% compared to the same quarter a year ago. Next quarter's EPS is forecasted at $1.25 and the next full year EPS is anticipated to be $6.62.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the business's stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the sale, the insider now directly owns 18,188 shares of the company's stock, valued at approximately $2,078,888.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction dated Friday, July 28th. Denise C. Johnson, Group President sold $10,811,513 worth of shares at an average price of $121.52 on July 27th. Executive Vice President disclosed the sale of 13,859 shares of (CAT). Insiders sold 201,471 shares of company stock valued at $22,979,332 over the last three months. Glg Limited Liability owns 33,500 shares or 0.21% of their United States portfolio.
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