What's Propelling Caterpillar Inc. (CAT) to Reach 52-Week High?

Elias Hubbard
September 14, 2017

The company has a market cap of $71.42 billion, a PE ratio of 675.128 and a beta of 1.24. First Personal Financial Services now owns 1,198 shares of the industrial products company's stock worth $111,000 after purchasing an additional 750 shares in the last quarter. About 671,151 shares traded. Visteon Corp (VC) has risen 41.15% since September 12, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.

According to Caterpillar Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 70.39%. (NYSE:CAT) is performing. Caterpillar Inc. has had 7 insider trades in the last 3 months, including 3 open market buys and 4 sells.

Private Capital Management Llc holds 4.43% of its portfolio in Visteon Corp for 357,412 shares. Caterpillar Inc Del now has $70.19 billion valuation. The company reported $0.83 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.17.

Caterpillar Inc. (CAT) closed 17.5% above its 200-day moving average and is 5.73% above another chart threshold, its 50-day moving average. It has outperformed by 30.83% the S&P500. B & T Capital Management DBA Alpha Capital Management now owns 23,821 shares of the industrial products company's stock worth $2,210,000 after buying an additional 1,148 shares during the last quarter. It improved, as 40 investors sold Genworth Financial Inc shares while 88 reduced holdings. On average, equities research analysts forecast that Caterpillar will post $3.07 earnings per share for the current fiscal year. The analyst recommendations from a month ago are 1 Buy, 5 Strong Buy, 0 Sell, 1 Hold and 9. Therefore 39% are positive.

Several analysts have provided guidance on Caterpillar, Inc. of late. Davidson Inv holds 0.04% in Caterpillar Inc. (NYSE:CAT) on Tuesday, May 30 with "Hold" rating. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, June 20 report. Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the stock a "buy" rating in a research note on Tuesday, June 20th. The company was initiated on Wednesday, January 18 by SunTrust. The rating was maintained by Maxim Group with "Buy" on Thursday, August 6. Goldman Sachs upgraded it to "Neutral" rating and $78 target in Monday, April 25 report. William Blair downgraded the shares of CAT in report on Friday, September 25 to "Market Perform" rating.

Recent insider trends for Caterpillar Inc. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. (CAT) is 0.6 percent. The firm has "Overweight" rating by Barclays Capital given on Tuesday, February 7. Its up 0.25, from 0.71 in 2016Q3. It increased, as 75 investors sold CAT shares while 395 reduced holdings. 104 funds opened positions while 291 raised stakes. 410.43 million shares or 3.17% more from 397.80 million shares in 2016Q3 were reported. The New York-based Greenlight Capital Inc has invested 0.48% in the stock. (NYSE:CAT) news were published by: Seekingalpha.com which released: "Can Caterpillar Inc". The original version of this article can be accessed at https://stocknewstimes.com/2017/09/13/caterpillar-inc-cat-shares-bought-by-ibm-retirement-fund.html.

American Investment Services Decreased Caterpillar Del (CAT) Holding By $1.55 Million; Schlumberger LTD (SLB) Has 0.88 Sentiment
Noesis Capital Mangement Trimmed Caterpillar Del (CAT) Position By $1.21 Million; Profile of 1 Analysts Covering Genworth Financial (GNW)

Examining Institutional Ownership at Caterpillar Inc. (NYSE:CAT). Bb&T owns 19,848 shares. The number of shares now owned by investors are 590.72 mln. Norinchukin Bank & Trust The reported 100,542 shares.

Investors sentiment increased to 1.48 in Q4 2016. If you are reading this piece on another website, it was stolen and republished in violation of United States & global copyright legislation. Alpine Partners Vi Ltd Liability Com holds 0.79% or 18,117 shares in its portfolio. (NYSE:CAT). Shell Asset stated it has 146,260 shares or 0.37% of all its holdings. Moreover, Solus Alternative Asset Management Lp has 3.45% invested in the company for 827,841 shares. (NYSE:CAT). Bradley Foster Sargent Inc Ct holds 0.55% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 29,325 shares.

Deutsche Bank initiated Caterpillar Inc. Announce A Major Dividend Hike?" on August 22, 2017, also Investorplace.com with their article: "Caterpillar Inc. The most recent short interest data show 2.86% of the company's stock are short sold. (NYSE:CAT). Old Second Bancshares Of Aurora has 0.22% invested in Caterpillar Inc. Therefore 89% are positive. The rating was maintained by Needham with "Buy" on Monday, November 16. On July 31 the company was changed to "Buy" in a report from Tigress Financial which is up from the previous "Neutral" rating. The firm earned "Neutral" rating on Thursday, February 25 by Longbow. The firm earned "Buy" rating on Wednesday, August 2 by Jefferies. The firm has "Outperform" rating given on Wednesday, January 11 by Raymond James.

04/12/2017 - Caterpillar, Inc. had its "neutral" rating reiterated by analysts at Robert W. Baird. 15,683 are held by Sumitomo Life Co.

Primecap Management Company increased Royal Caribbean (NYSE:RCL) stake by 361,400 shares to 10.91 million valued at $894.69M in 2016Q4. The Afam Capital Inc holds 264,151 shares with $6.78M value, up from 251,199 last quarter.

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