The Company has 588.33 million shares outstanding and 585.53 million shares were floated in market.
A number of other hedge funds also recently modified their holdings of the stock. Winslow Asset Management Inc.'s holdings in Caterpillar were worth $292,000 at the end of the most recent quarter. FMR LLC increased its stake in Caterpillar by 25.8% in the fourth quarter. (CAT) has a trading volume of 4.77 Million shares, with an average trading volume of 4950 shares - with shares dropping to a 52 week low of $67.23, and the company's shares hitting a 52 week high of $ 99.46. Mizuho Securities USA Inc. raised its stake in shares of Caterpillar by 414.9% in the third quarter. (NYSE:CAT) stock opened its trade at $96.69 and after floating in a range of $94.66 to $96.77, settled at $94.86. Pennsylvania Trust Co increased its position in Caterpillar by 7.4% in the first quarter. Capital World Investors now owns 18,220,351 shares of the company's stock worth $1,617,421,000 after buying an additional 2,546,164 shares during the last quarter. Finally, Univest Corp of Pennsylvania increased its position in Caterpillar by 3.8% in the first quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Continues to Hold Position in Caterpillar Inc. (NYSE:CAT) sales have annually surged -8.50% on average, however its earnings per share growth remained at -15.00%.
Over the past five trading sessions shares of The Western Union Company (NYSE:WU) are -1.22%; -3.36% for the month; -12.24% for the last quarter; -0.93% for the past six-months; and -0.01% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. The company has a 50-day moving average price of $94.10 and a 200 day moving average price of $92.52. The firm's market cap is $54.60 billion. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The company earned $9.57 billion during the quarter, compared to analysts' expectations of $9.87 billion. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. The firm's revenue was down 13.2% on a year-over-year basis.
Energy Transfer Equity, L.P. (NYSE:ETE) closed at $18.40 a share in the latest session and the stock value rose nearly -3.22% since the beginning of this year.
Analysts' mean recommendation for Caterpillar Inc.
Dividends is a reward scheme, that a company presents to its shareholders. The ex-dividend date is Thursday, April 20th. Caterpillar's dividend payout ratio (DPR) is presently -2,369.23%.
04/05/2017 - Caterpillar, Inc. had its " rating reiterated by analysts at Deutsche Bank. "(CAT)" was originally published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of global copyright legislation. The correct version of this article can be read at https://baseballnewssource.com/markets/tnb-financial-invests-303000-in-caterpillar-inc-cat/612392.html.
CAT has been the subject of several analyst reports.
Moreover, Caterpillar today declared a quarterly dividend of $0.77 per share, or $3.08 annualized. Vetr cut Caterpillar from a "hold" rating to a "sell" rating and set a $90.75 price objective on the stock.in a research note on Tuesday, April 4th.
The target price for Caterpillar Inc.
According to FactSet data, CAT stock has received different ratings from Financial Analysts. It has been assigned a low target price of $16 and a high target price of $24. Also, Director Daniel M. Dickinson sold 3,884 shares of Caterpillar stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $97.90, for a total value of $380,243.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. (NYSE:CAT) stock volatility was recorded 1.79% which for the previous full month was noted 1.82%.
Beta factor of the stock stands at 0.62.