Caterpillar Inc. (CAT) Stake Increased by Ipswich Investment Management Co. Inc

18 April, 2017, 00:45 | Author: Glen Fletcher
  • Caterpillar Investors Expecting A 'Beat-And-Raise' Print

The number of shares now held by investors is 586.49 Million. Inc.'s holdings in Caterpillar were worth $4,658,000 as of its most recent filing with the SEC. Morgan Stanley increased its position in shares of Caterpillar by 43.2% in the third quarter. The stock traded with the volume of 4.77 Million shares in the last trading session. Steinberg Global Asset Management boosted its position in shares of Caterpillar by 0.5% in the third 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. Pennsylvania Trust Co increased its position in Caterpillar by 7.4% in the first quarter.

The stock's price switched up 1.28% 20-Days Simple Moving Average, added 0.15% from 50-Days Simple Moving Average and rose 7.75% from 200 Days Simple Moving Average.

A number of institutional investors have recently modified their holdings of CAT.

Shares of Caterpillar Inc. (NYSE:CAT) opened at 93.10 on Friday.

CAT has a 1-year high price of $ 99.46 and 1-year low price of $67.23. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 1.28%. The company's market capitalization is $54.60 billion.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 26th. The firm had revenue of $9.57 billion for 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%.

In order for Caterpillar's stock to possibly double over the next five to seven years, EPS will need to increase by 3.5 times to 4.5 times toward a range of $12 to $15, he wrote. Analysts anticipate that Caterpillar Inc. will post $3.23 EPS for the current year.

Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. Shareholders of record on Monday, April 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, April 20th. In most recent quarter, LT Debt/Equity ratio was listed at 1.74 and Total Debt/Equity ratio was noted at 2.80.

TRADEMARK VIOLATION WARNING: "Caterpillar Inc. (CAT)" was originally published by BBNS and is owned by of BBNS. If you are reading this piece on another site, it was illegally stolen and republished in violation of global trademark & copyright legislation. The correct version of this story can be read at The stochastic is a momentum indicator comparing the closing price of a security to the range of its prices over a fix period of time. The stock lost -2.31% in total of its share price. Deutsche Bank AG lowered their price target on shares of Caterpillar from $108.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, April 6th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Hedge funds and other institutional investors own 70.97% of the company's stock. (CAT) where 3 analyst have rated the stock as Strong Buy, 5 analysts said it's a Buy, 13 rated the stock as Hold, 1 analysts reported Underperform and 1 analysts gave their recommendations as Sell. Caterpillar presently has an average rating of "Hold" and a consensus target price of $93.22.

In other Caterpillar news, Director Daniel M. Dickinson sold 3,884 shares of the business's stock in a transaction dated Tuesday, February 14th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock remained 1.72% volatile for the week and 1.76% for the month.

Beta factor of the stock stands at 0.62. The disclosure for this sale can be found here.



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