As Caterpillar INC Del (CAT) Share Value Rose, Gotham Asset Management LLC Cut Holding

March 14, 2018 - By Louis Casey

Investors sentiment increased to 1.1 in 2017 Q3. 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. Milestone Grp Inc holds 1,982 shares or 0.04% of its portfolio. Alps Advisors has invested 0.34% in Caterpillar Inc. (NYSE:CAT). Private Advisor Group Inc Ltd Company holds 67,782 shares. Eagle Ridge Invest Mgmt reported 3,533 shares or 0.07% of all its holdings. Bb&T has invested 0.05% of its portfolio in Caterpillar Inc. (NYSE:CAT). Fjarde Ap reported 143,342 shares. Rhode Island-based Coastline Tru Company has invested 0.25% in Caterpillar Inc. (NYSE:CAT). Sg Americas Lc stated it has 0.06% in Caterpillar Inc. (NYSE:CAT). 410,682 are owned by Gateway Inv Advisers Llc. Blue Chip Prns reported 1,029 shares. The New Jersey-based Princeton Port Strategies Group Limited Liability Corp has invested 0.1% in Caterpillar Inc. (NYSE:CAT). Freestone Lc accumulated 15,519 shares or 0.14% of the stock. Bontempo Ohly Capital Mngmt Lc stated it has 24,758 shares. Fincl Bank Of Ny Mellon Corp has invested 0.23% in Caterpillar Inc. (NYSE:CAT). Advantus Capital Mgmt holds 59,914 shares or 0.19% of its portfolio.

Since October 26, 2017, it had 0 buys, and 4 sales for $16.35 million activity. De Lange Bob had sold 1,572 shares worth $216,276. Long Suzette M sold $84,723 worth of stock. Pellette Thomas A had sold 95,199 shares worth $15.53 million on Wednesday, January 31.

Joel Greenblatt decreased its stake in Caterpillar Inc Del (CAT) by 10.67% based on its latest 2017Q3 regulatory filing with the SEC. Gotham Asset Management Llc sold 55,150 shares as the company’s stock rose 3.62% with the market. The hedge fund run by Joel Greenblatt held 461,499 shares of the capital goods company at the end of 2017Q3, valued at $57.55M, down from 516,649 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Caterpillar Inc Del for a number of months, seems to be less bullish one the $91.16B market cap company. The stock decreased 0.75% or $1.15 during the last trading session, reaching $152.54. About 4.86M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since March 14, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

Gotham Asset Management Llc, which manages about $5.96B and $6.81 billion US Long portfolio, upped its stake in Kirby Corp (NYSE:KEX) by 79,559 shares to 184,333 shares, valued at $12.16M in 2017Q3, according to the filing. It also increased its holding in Zimmer Biomet Hldgs Inc (ZMH) by 68,989 shares in the quarter, for a total of 156,568 shares, and has risen its stake in Equifax Inc (NYSE:EFX).

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on April, 24. They expect $2.04 earnings per share, up 59.38 % or $0.76 from last year’s $1.28 per share. CAT’s profit will be $1.22B for 18.69 P/E if the $2.04 EPS becomes a reality. After $2.16 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -5.56 % negative EPS growth.

More important recent Caterpillar Inc. (NYSE:CAT) news were published by: which released: “South Milwaukee mayor suggested Caterpillar site for Foxconn” on March 13, 2018, also published article titled: “Caterpillar Inc (NYSE:CAT) Technicals Suggest a Downward Trend”, published: “Caterpillar (CAT) Feb. Rolling 3-Month World Machine Sales Increase 33%” on March 13, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) was released by: and their article: “Is Caterpillar Inc. (CAT) a Buy?” with publication date: February 23, 2018.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 32 analysts covering Caterpillar Inc. (NYSE:CAT), 17 have Buy rating, 4 Sell and 11 Hold. Therefore 53% are positive. Caterpillar Inc. had 121 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 30 by Tigress Financial. Stifel Nicolaus maintained it with “Hold” rating and $145 target in Wednesday, October 25 report. The rating was downgraded by OTR Global to “Mixed” on Monday, September 19. The firm has “Buy” rating given on Friday, January 5 by UBS. The firm has “Buy” rating by Deutsche Bank given on Monday, September 28. Citigroup maintained it with “Neutral” rating and $70 target in Friday, September 25 report. The firm has “Buy” rating given on Monday, September 18 by Tigress Financial. The firm has “Buy” rating given on Wednesday, October 18 by Credit Suisse. Robert W. Baird maintained the shares of CAT in report on Friday, January 12 with “Hold” rating. Deutsche Bank initiated it with “Buy” rating and $98 target in Wednesday, September 7 report.

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