Economy

Caterpillar, Inc. (CAT) Declares Quarterly Dividend of $0.78

Pictet North America Advisors Sa sold 6,000 shares as Caterpillar Inc Del (CAT)'s stock rose 3.62%. The institutional investor held 9,500 shares of the company at the end of 2017Q2, valued at $589,000, down from 120,447 at the end of the previous reported quarter. Caterpillar Inc Del now has $75.66B valuation.

The stock is trading at $128.35 which is marginally higher than $121.39, the stock's 50 day moving average and impressively higher than the 200 day moving average of $108.72. Wall Street experts also assign a $124.78 price target on Caterpillar Inc., pointing towards a -2.66% drop from current levels. Mondelez International Inc (NASDAQ:MDLZ) has risen 5.69% since October 11, 2016 and is uptrending. It has outperformed by 30.83% the S&P500. Talara Capital Management Llc owns 406,136 shares or 8.35% of their U.S. portfolio. Caterpillar traded as high as $128.20 and last traded at $128.21, with a volume of 1,683,666 shares.

Turtle Creek Asset Management Inc, which manages about $878.20M US Long portfolio, upped its stake in Tjx Companies Inc (NYSE:TJX) by 94,650 shares to 707,350 shares, valued at $51.05M in 2017Q2, according to the filing.

More recent Heico Corp (NYSE:HEI.A) news were published by: Bizjournals.com which released: "Q&A: Heico Corp".

Ratings analysis reveals 57% of Caterpillar's analysts are positive.

On July 24, 2017 the stock rating was changed to "Outperform" in a report from BMO Capital which was a boost from the previous "Market Perform" rating. Therefore 13% are positive. UBS upgraded the shares of CAT in report on Monday, September 18 to "Buy" rating. BMO Capital Markets initiated Public Storage (NYSE:PSA) on Monday, September 11 with "Sell" rating.

There has been some selling insider activity on Caterpillar, Inc. (NYSE:CAT) to report earnings on October, 24 before the open. RBC Capital Markets has "Hold" rating and $120.0 target. The rating was downgraded by William Blair on Friday, September 25 to "Market Perform". Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company's stock valued at $310,000 after acquiring an additional 12 shares during the period.

On July 31 the company was upgraded to "Buy" from "Neutral" by Tigress Financial. Also, insider Bradley M. Halverson sold 182,612 shares of the firm's stock in a transaction that occurred on Thursday, July 27th.

Analysts await Caterpillar Inc.

A number of other equities analysts have also issued reports on CAT. T's profit will be $4.67B for 12.55 P/E if the $0.76 EPS becomes a reality. Investors of record on Monday, October 23rd will be issued a $0.78 dividend. Its up 0.25, from 0.71 in 2017Q1. (NYSE:CAT). Capstone Invest Advsrs Limited accumulated 7,042 shares. 110 funds opened positions while 307 raised stakes. (NYSE:CAT). Exxonmobil Inv Mngmt Tx accumulated 113,117 shares. The Alabama-based Welch Gp Limited Liability Corporation has invested 0.16% in Caterpillar Inc.

Caterpillar, Inc. (NYSE:CAT) announced a quarterly dividend on Wednesday, October 11th, RTT News reports.

This company shares (CAT) so far managed to recover 59.58% since collapsing to its 52-week low. Moreover, Lpl Financial Ltd has 0.08% invested in Caterpillar Inc. (NYSE:CAT). Washington Trust Communication owns 0.04% invested in Caterpillar Inc. (NYSE:CAT). 14,140 are held by Logan Cap Inc. (NYSE:CAT) for 461,478 shares. 8,310 are owned by Sawgrass Asset Mngmt Lc. (NYSE:CAT). Apg Asset Nv holds 752,799 shares. Saybrook Nc owns 4,000 shares for 0.22% of their portfolio.

Chapter Iv Investors Llc holds 11.14% of its portfolio in EQT Corporation for 400,000 shares. State Of Tennessee Treasury Department holds 0.29% in Caterpillar Inc. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. As per Wednesday, July 26, the company rating was maintained by Citigroup. As per Friday, September 25, the company rating was maintained by Stifel Nicolaus. The firm now has $122.98 price target on the industrial products company's stock. Jefferies maintained C R Bard Inc (NYSE:BCR) rating on Thursday, June 29. The rating was maintained by Jefferies on Monday, August 28 with "Hold". The company was downgraded on Wednesday, July 29 by TheStreet. The stock has "Hold" rating by Deutsche Bank on Thursday, November 10. The stock has "Overweight" rating by Barclays Capital on Tuesday, February 7.

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