Caterpillar, Inc. (CAT) Shares Sold by Bp Plc

Paterniano Del Favero
Luglio 26, 2017

(NYSE:CAT) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,141 shares of the industrial products company's stock after selling 525 shares during the period. BP PLC's holdings in Caterpillar were worth $3,339,000 as of its most recent filing with the SEC. Howe & Rusling Inc. increased its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company's stock valued at $101,000 after buying an additional 372 shares during the last quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company's stock worth $111,000 after buying an additional 750 shares during the period. Morgan Stanley raised its stake in shares of Caterpillar by 15.1% 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 during the last quarter. Finally, Financial Architects Inc increased its position in shares of Caterpillar by 5.7% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company's stock worth $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Flinton Capital Management LLC bought a new position in Caterpillar during the fourth quarter worth about $444,000. Integrated Investment Consultants LLC now owns 1,710 shares of the industrial products company's stock valued at $159,000 after buying an additional 250 shares during the last quarter.

Caterpillar, Inc. (NYSE:CAT) was upgraded by equities researchers at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday. (NYSE:CAT) opened at 114.54 on Wednesday. Caterpillar, Inc. The firm's market capitalization is $67.47 billion. Caterpillar, Inc. has a 12 month low of $78.74 and a 12 month high of $114.89. The firm has a 50-day moving average price of $106.41 and a 200-day moving average price of $99.30.

Caterpillar, Inc. (NYSE:CAT)'s share price hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.26 by $0.23. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The Peoria, Ill. -based company also posted better-than-expected revenue and raised its full-year guidance for 2017 profit and revenue, delivering a fillip to Dow futures. Stockholders of record on Thursday, July 20th will be paid a $0.78 dividend. This is an increase from Caterpillar's previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.72%. Caterpillar's dividend payout ratio is now -1,155.51%.

ILLEGAL ACTIVITY WARNING: "Rafferty Asset Management LLC Purchases New Stake in Caterpillar, Inc. (CAT) Shares Sold by Bp Plc" was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/07/26/caterpillar-inc-cat-shares-sold-by-folger-nolan-fleming-douglas-capital-management-inc-updated.html.

A number of research analysts recently commented on CAT shares. Vetr lowered shares of Caterpillar from a "hold" rating to a "sell" rating and set a $89.96 price objective for the company.in a research report on Tuesday, March 28th. Zacks Investment Research downgraded Caterpillar from a "hold" rating to a "sell" rating in a research note on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) raised Caterpillar from a "buy" rating to a "conviction-buy" rating and set a $120.00 target price for the company in a research report on Tuesday, April 4th. UBS AG reiterated a "neutral" rating and issued a $102.00 target price (up previously from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. BidaskClub raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, July 1st. Caterpillar has an average rating of "Hold" and a consensus price target of $98.51.

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