Caterpillar reports revenue jump on soaring demand; raises forecast

Motco raised its position in shares of Caterpillar by 264.9% during the 2nd quarter. The institutional investor owned 30,871 shares of the industrial products company's stock after selling 934 shares during the quarter. The Trustmark National Bank Trust Department holds 11,330 shares with $1.95 million value, up from 7,759 last quarter. Favorable price realization, lower restructuring costs and variable manufacturing costs were partially offset by higher period costs.

At the end of the first quarter, Caterpillar's order backlog totaled about $15.4 billion. Dorsey & Whitney Trust CO LLC now owns 6,078 shares of the industrial products company's stock worth $654,000 after buying an additional 870 shares in the last quarter. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% during the 1st quarter. The fund owned 236,225 shares of the industrial products company's stock after purchasing an additional 70,581 shares during the quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Caterpillar during the 1st quarter valued at approximately $111,000. Mutual Of Omaha Bancorp Wealth Management owns 0.16% invested in Caterpillar Inc. About shares traded. Amgen, Inc. Minneapolis Port Mgmt Gru Ltd Liability owns 193,372 shares for 3.36% of their portfolio. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law.

Nationwide Fund Advisors lifted its stake in Caterpillar, Inc.

A number of equities analysts have recently commented on the company. Finally, Zacks Investment Research upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a report on Friday, July 14th. Wells Fargo & Company reaffirmed an "outperform" rating on shares of Caterpillar in a research report on Wednesday, July 26th. They noted that the move was a valuation call. William Blair downgraded the shares of CAT in report on Friday, September 25 to "Market Perform" rating. Deutsche Bank downgraded it to "Hold" rating and $60 target in Thursday, December 17 report.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the business's stock in a transaction on Thursday, July 27th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The disclosure for this sale can be found here. The stock declined 0.32% or $0.17 reaching $53.24 per share.

Nichols & Pratt Advisers Llp decreased Caterpillar Inc (CAT) stake by 2.99% reported in 2017Q2 SEC filing. (NYSE:CAT) opened at 131.68 on Tuesday. The company has market cap of $77.61 billion. The company has a 50 day moving average of $93.05 and a 200 day moving average of $84.49.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, July 25th.

Profit attributable to common stockholders rose to US$1.06 billion, or US$1.77 per share, in the third quarter ended September 30, from US$283 million, or 48 cents United States per share, a year earlier. The firm earned $9.16 billion during the quarter, compared to analysts' expectations of $9.91 billion.

Among 12 analysts covering Interxion Holding NV (NYSE:INXN), 10 have Buy rating, 0 Sell and 2 Hold. The firm's revenue was up 9.6% compared to the same quarter previous year. On average, analysts predict that Caterpillar, Inc. will post $5.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, January 20th will be issued a dividend of $0.77 per share.

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