Caterpillar Inc. (CAT) now has 4.46 lead over its 52-week high

Chelsea West
October 26, 2017

Caterpillar's shares rose to an all-time high of $140.44, but pared some gains to trade up 5 percent at $138.37. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company's stock worth $310,000 after acquiring an additional 12 shares in the last quarter. FMR LLC lifted its holdings in Caterpillar by 11.7% in the second quarter. During the same quarter in the prior year, the business earned $0.85 earnings per share. It increased, as 51 investors sold Caterpillar Inc. shares while 382 reduced holdings. Renaissance Technologies LLC acquired a new position in Caterpillar in the first quarter valued at approximately $143,490,000.

COPYRIGHT VIOLATION WARNING: "Caterpillar, Inc". The firm had revenue of $11.41 billion during the quarter, compared to analysts' expectations of $10.69 billion. Caterpillar comprises 2.1% of Robshaw & Julian Associates Inc.'s portfolio, making the stock its 25th largest position. Quadrant Capital Group LLC lifted its holdings in shares of Caterpillar by 10.6% in the second quarter.

Caterpillar, Inc. has a 52-week low of $56.36 and a 52-week high of $97.40. The stock had a trading volume of 890,079 shares. American Investment Services Inc who had been investing in Caterpillar Inc Del for a number of months, seems to be less bullish one the $77.82B market cap company.

The firm's 50-day moving average is $125.53 and its 200 day moving average is $111.48.

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Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%.

Industrial segment sales rose 6.2% to $2.8 billion led by growth in the Asia Pacific and Latin America/Canada regions. The shares price go up so far this year; showing a rise of 49.06% and added with positive flow of 5.90% during recent week. While the final impact will not be known until year end, the impact would be negative to profit based on information as of the end of the third quarter. Equities analysts predict that Caterpillar, Inc. will post $3.26 EPS for the current fiscal year. Wells Fargo & Company set a $150.00 price objective on shares of Caterpillar and gave the company a "buy" rating in a research report on Monday, October 16th.

Among 3 analysts covering Westpac Banking (NYSE:WBK), 2 have Buy rating, 0 Sell and 1 Hold. (NASDAQ:AKRX) on Friday, October 20 with "Hold" rating. Caterpillar's dividend payout ratio is now 2,080.00%.

CAT has been the topic of several recent research reports. Jefferies Group LLC restated a "hold" rating and set a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th. Vetr downgraded Caterpillar from a "buy" rating to a "hold" rating and set a $122.53 price objective on the a report on Monday, September 11th. Credit Suisse Group reissued a "buy" rating and issued a $123.00 price target on shares of Caterpillar in a research report on Wednesday, June 28th. Deutsche Bank initiated it with "Buy" rating and $98 target in Wednesday, September 7 report. (NYSE:CAT), 12 have Buy rating, 4 Sell and 13 Hold. The brokerage presently has a "hold" rating on the industrial products company's stock. The stock grabbed 120 new institutional investments totaling 5,246,765 shares while 59 institutional investors sold out their entire positions totaling 1,724,894 shares. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. Insider ownership decreased by a total of 287344 shares, which suggests that CAT's key executives are feeling less optimistic about the outlook for the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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