Caterpillar Reports Third-Quarter results 2017

Tammy Harvey
October 26, 2017

Shares of Caterpillar, Inc. We have $143.73 PT which if reached, will make NYSE:CAT worth $2.47B more. Morgan Stanley lifted its holdings in Caterpillar by 15.1% in the first quarter.

Caterpillar Inc. shares were unchanged in premarket trading Wednesday. Finally, Balyasny Asset Management LLC lifted its holdings in Caterpillar by 663.8% in the second quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company's stock worth $337,000 after acquiring an additional 10 shares in the last quarter. Motco increased its position in Caterpillar by 264.9% during the second quarter. American Money Management LLC now owns 3,838 shares of the company's stock valued at $291,000 after buying an additional 11 shares during the period.

Caterpillar Inc. (NYSE:CAT) reached 72.09% versus a 1-year low price of $80.33.

Shares of Caterpillar (NYSE CAT) opened at 138.24 on Wednesday. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 7.94% and standing 13.17% away from 50-Day Simple Moving Average while traded up 30.33% from 200-Day Simple Moving Average. Parsec Financial Management Inc. raised its stake in shares of Caterpillar by 0.6% in the third quarter.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th.

Third-quarter profit per share came in at $1.77, up drastically compared to $0.48 per share in the third quarter of 2016. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. (NYSE:CAT) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). During the same quarter in the previous year, the business earned $0.85 EPS. The Firm provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. This is an increase over its earnings per share of 85 cents from the same time past year. Wells Fargo & Company set a $150.00 price objective on shares of Caterpillar and gave the company a "buy" rating in a research report on Monday, October 16th. (NYSE:CAT) has "Sector Perform" rating given on Friday, September 25 by RBC Capital Markets. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.26%. S&Co owns 2.03% invested in Caterpillar Inc.

Analysts are looking for CAT to report revenue of $42.94 billion for the year. Jefferies Group LLC restated a "hold" rating and set a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reissued a "buy" rating and issued a $123.00 price target on shares of Caterpillar in a research report on Wednesday, June 28th.

The stock of Caterpillar Inc. The stock presently has an average rating of "Hold" and a consensus price target of $121.48. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". $102.95's average target is -24.71% below currents $136.74 stock price.

TRADEMARK VIOLATION NOTICE: "ProShare Advisors LLC Sells 35,493 Shares of Caterpillar, Inc". (NYSE:CAT) by some 30,547,643 shares, 525 decreased positions by 34,550,935 and 210 held positions by 350,345,053.

Among new and sold out positions, 120 holders initiated new positions by a total of 5.25 million shares and 59 holders exited their positions by a total of 1.72 million shares. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

In other news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th.

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