Bruderman Asset Management LLC lowered its stake in shares of Caterpillar, Inc. (NYSE:CAT) earned "Hold" rating by RBC Capital Markets on Wednesday, July 26. This is a plus for CAT stock by coming in well above Wall Street's earnings per share estimate of $1.27 for the quarter. (NYSE:CAT) were released by: Prnewswire.com and their article: "Caterpillar Inc.to Announce Third-Quarter 2017 Financial Results on October 24" published on October 10, 2017 as well as Investorplace.com's news article titled: "After Making New Highs, Caterpillar Inc". Following the transaction, the director now directly owns 17,476 shares of the company's stock, valued at approximately $1,634,355.52. Van Eck Associates Corp owns 2.37 million shares or 0.04% of their U.S. portfolio. Motco grew its stake in Caterpillar by 264.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company's stock valued at $119,000 after acquiring an additional 535 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% during the 1st quarter. Share performance for the month is now at 5.83%. Insiders own 0.14% of the company's stock.
Heavy equipment manufacturer Caterpillar was also on the up after the company said it was seeing stronger demand for its wares across many of its end markets. Citigroup maintained the shares of CAT in report on Wednesday, July 27 with "Neutral" rating. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law.
Caterpillar Inc. (NYSE:CAT) closed its last session at $131.68.
A number of research analysts have issued reports on the company. Associated Banc holds 0.65% of its portfolio in Caterpillar Inc. The company now has a consensus rating of "Hold" and an average price target of $119.82. 0 analysts gave its stock an Outperform rating. (NYSE:CAT), 12 have Buy rating, 4 Sell and 13 Hold. Finally, Credit Suisse Group reiterated a "hold" rating and issued a $133.00 price target on shares of Caterpillar in a research note on Friday, September 22nd.
The company's shares climbed about 16 percent in the third quarter. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were purchased at an average price of $114.30. For the quarter, shares have been noted at 14.96%. The company has market cap of $147.66 million. Caterpillar, Inc. The stock's 50 day moving average price is $125.16 and its 200-day moving average price is $111.17. The company was previously estimating revenue between $42 billion and $44 billion.
Total sales and revenue rose to $11.41 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%.
General Motors Co. (Detroit), the largest US-based automaker, reported a $2.98 billion third-quarter loss compared with a year-earlier profit of $2.77 billion. During the same quarter previous year, the business posted $1.09 EPS.
Caterpillar Inc. (NYSE:CAT) early Tuesday posted market-beating third quarter earnings results and lifted its full-year forecast, sending its shares soaring in premarket trading. Investors of record on Monday, October 23rd will be paid a dividend of $0.78 per share.