Economy

Rhumbline Advisers Sells 35626 Shares of Caterpillar, Inc. (NYSE:CAT)

Following the transaction, the insider now owns 10,230 shares in the company, valued at $1,016,043.60. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products. It is down 7.78% since September 30, 2016 and is downtrending. It has underperformed by 24.48% the S&P500. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar during the second quarter worth $104,000. (CAT) by 6.67% based on its latest 2017Q2 regulatory filing with the SEC. FMR LLC now owns 15,763,049 shares of the industrial products company's stock worth $1,461,865,000 after buying an additional 3,228,098 shares during the last quarter. Institutional investors and hedge funds own 69.24% of the company's stock. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $125.55. 18,383,507 shares of the stock traded hands. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since October 1, 2016 and is uptrending. Caterpillar Inc Del now has $73.70B valuation.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. Finally, Caterpillar Inc.'s return on investment stands at 0.60% when you divide the shareholder's return by the cost. Analysts expect that Caterpillar will post $5.25 EPS for the current year. (NYSE:CAT) hit a new 52-week high and has $129.07 target or 4.00% above today's $124.11 share price. During the same period a year ago, the firm earned $1.09 EPS. CAT's profit will be $703.26 million for 26.20 P/E if the $1.19 EPS becomes a reality.

Investors sentiment increased to 0.96 in Q2 2017. Its down 0.01, from 0.96 in 2017Q1.

A number of other equities analysts have also recently commented on the stock. 110 funds opened positions while 307 raised stakes. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. (NYSE:CAT) or 1,431 shares. Regentatlantic Capital Ltd Liability Company stated it has 0.2% of its portfolio in Caterpillar Inc. Farmers Merchants Invs Inc reported 0.04% stake. (NYSE:CAT). Security National Trust holds 0.55% of its portfolio in Caterpillar Inc. Lowe Brockenbrough And has 9,802 shares. There has been an observed change of -23.88% in the ownership of the shares in the past six months. Chevy Chase Holdings accumulated 0.26% or 514,173 shares. However, the institutional investors are observed to own 71.10% of the total shares.

Investors sentiment decreased to 0.95 in Q2 2017.

TRADEMARK VIOLATION NOTICE: This article was first reported by Week Herald and is owned by of Week Herald. (NYSE:CAT) for 11,864 shares. Cadence Mgmt Ltd Liability Corp owns 64,827 shares for 0.48% of their portfolio. Gemmer Asset Mngmt Lc holds 0.01% or 220 shares in its portfolio. Moreover, Lenox Wealth Mgmt has 0.03% invested in Caterpillar Inc.

More notable recent Caterpillar Inc. Vetr downgraded shares of Caterpillar from a buy rating to a hold rating and set a $122.53 price objective on the stock.in a report on Monday, September 4th. Therefore 38% are positive. Barclays Capital upgraded the shares of CAT in report on Tuesday, February 7 to "Overweight" rating. On Monday, December 5 the stock rating was maintained by JP Morgan with "Neutral". (NYSE:CAT) has "Neutral" rating given on Thursday, August 3 by Atlantic Securities. Montrusco Bolton Invests holds 0.01% or 1,315 shares in its portfolio. The rating was maintained by Deutsche Bank on Wednesday, August 5 with "Hold". (NYSE:CAT), 11 have Buy rating, 4 Sell and 14 Hold. Jefferies maintained Caterpillar Inc. Ordinary Share (NYSE:PNR) has "Outperform" rating given on Wednesday, July 22 by RBC Capital Markets. The company was maintained on Friday, September 25 by Macquarie Research.

Among 8 analysts covering Chatham Lodging (NYSE:CLDT), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Chatham Lodging had 19 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned "Sell" rating on Friday, June 16 by Axiom Capital. The firm has "Hold" rating by RBC Capital Markets given on Sunday, August 27. The rating was maintained by Barclays Capital on Wednesday, October 12 with "Equal-Weight". The stock of Chatham Lodging Trust (NYSE:CLDT) has "Hold" rating given on Tuesday, March 29 by Stifel Nicolaus. (NYSE:CAT) earned "Outperform" rating by Wells Fargo on Friday, January 27.

Rhumbline Advisers trimmed its position in shares of Caterpillar, Inc. It also reduced its holding in Arris Intl Ltd F by 22,506 shares in the quarter, leaving it with 321,850 shares, and cut its stake in Pulte Group Inc (NYSE:PHM).

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