Caterpillar INC (CAT) Stock Rose While Bluestein R H & Company Has Lowered Its Holding by $6.55 Million

January 20, 2018 - By Winifred Garcia

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.14, from 0.96 in 2017Q2. It is positive, as 50 investors sold CAT shares while 377 reduced holdings. 125 funds opened positions while 344 raised stakes. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. Cannell Peter B & Company Inc reported 0.15% in Caterpillar Inc. (NYSE:CAT). Oppenheimer Asset reported 0.02% in Caterpillar Inc. (NYSE:CAT). Syntal Capital Prtn Lc has invested 0.3% in Caterpillar Inc. (NYSE:CAT). Country Comml Bank holds 1.01% or 178,844 shares. Westwood Grp Inc has 12,092 shares for 0.01% of their portfolio. Chilton Capital Management Ltd Liability Co reported 0.77% of its portfolio in Caterpillar Inc. (NYSE:CAT). Washington-based Baker Boyer State Bank has invested 1.03% in Caterpillar Inc. (NYSE:CAT). Lpl Financial Llc reported 221,198 shares. Fmr Limited reported 19.22M shares stake. Brown Advisory stated it has 0.02% in Caterpillar Inc. (NYSE:CAT). Avalon Advisors Ltd Liability Company reported 71,511 shares. Johnson Invest Counsel Incorporated owns 12,574 shares or 0.04% of their US portfolio. Florida-based Eagle Asset Mngmt Incorporated has invested 0.01% in Caterpillar Inc. (NYSE:CAT). Rand Wealth Limited Com has invested 0.91% in Caterpillar Inc. (NYSE:CAT). Wellington Shields Mgmt Limited Liability Corporation reported 0.05% stake.

Since August 4, 2017, it had 0 insider purchases, and 3 insider sales for $2.32 million activity. 13,859 shares were sold by Long Suzette M, worth $1.58 million. Another trade for 3,813 shares valued at $522,724 was sold by DICKINSON DANIEL M.

Bluestein R H & Company decreased its stake in Caterpillar Inc (CAT) by 15.53% based on its latest 2017Q3 regulatory filing with the SEC. Bluestein R H & Company sold 52,856 shares as the company’s stock rose 3.62% with the market. The hedge fund held 287,496 shares of the capital goods company at the end of 2017Q3, valued at $35.85M, down from 340,352 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Caterpillar Inc for a number of months, seems to be less bullish one the $101.38B market cap company. The stock increased 1.40% or $2.36 during the last trading session, reaching $170.41. About 5.80M shares traded or 41.21% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since January 20, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

Bluestein R H & Company, which manages about $2.94 billion and $1.82 billion US Long portfolio, upped its stake in Pioneer Natural Resources (NYSE:PXD) by 42,315 shares to 332,632 shares, valued at $49.08 million in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 30,750 shares in the quarter, for a total of 33,350 shares, and has risen its stake in Suntrust Banks Inc (NYSE:STI).

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on January, 25. They expect $1.73 earnings per share, up 108.43 % or $0.90 from last year’s $0.83 per share. CAT’s profit will be $1.03 billion for 24.63 P/E if the $1.73 EPS becomes a reality. After $1.95 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -11.28 % negative EPS growth.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Seekingalpha.com which released: “How Far Could Caterpillar Fall?” on January 15, 2018, also Seekingalpha.com with their article: “A Hardhat For Caterpillar Longs” published on January 16, 2018, Seekingalpha.com published: “Caterpillar Is Back In Business” on January 18, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Seekingalpha.com and their article: “Caterpillar: A Good Choice For 2018” published on January 16, 2018 as well as Fool.com‘s news article titled: “There Was More to Caterpillar Inc. Stock’s 11.6% Jump in December Than You …” with publication date: January 08, 2018.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 31 analysts covering Caterpillar Inc. (NYSE:CAT), 15 have Buy rating, 4 Sell and 12 Hold. Therefore 48% are positive. Caterpillar Inc. had 109 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Friday, September 25 report. The firm has “Neutral” rating given on Friday, March 18 by Citigroup. Robert W. Baird maintained Caterpillar Inc. (NYSE:CAT) rating on Thursday, September 21. Robert W. Baird has “Hold” rating and $115.0 target. On Wednesday, October 25 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of Caterpillar Inc. (NYSE:CAT) earned “Buy” rating by Tigress Financial on Monday, September 18. The stock of Caterpillar Inc. (NYSE:CAT) has “Market Perform” rating given on Friday, September 25 by William Blair. As per Thursday, August 3, the company rating was upgraded by Atlantic Securities. The firm has “Buy” rating given on Tuesday, April 26 by Argus Research. The firm earned “Buy” rating on Friday, January 5 by UBS. The rating was maintained by Jefferies on Tuesday, May 30 with “Hold”.

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