Economy

Caterpillar, Inc. (NYSE:CAT) Raised to "Hold" at Vetr Inc

The institutional investor held 119,917 shares of the capital goods company at the end of 2017Q2, valued at $12.89 million, down from 138,248 at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $85.95B market cap company.

In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction on Friday, July 28th. About 4.62 million shares traded. More interesting news about Caterpillar Inc. It has underperformed by 15.28% the S&P500. FMR LLC raised its stake in shares of Caterpillar by 11.4% in the 1st quarter. Impala Asset Management Llc bought 364,640 shares as the company's stock rose 3.62% with the market. The institutional investor owned 4,757 shares of the industrial products company's stock after selling 1,030 shares during the quarter.

Caterpillar, Inc. (NYSE:CAT) was upgraded by equities researchers at Vetr from a "sell" rating to a "hold" rating in a research note issued on Thursday, October 19th. The stock declined 0.55% or $0.76 reaching $137.04 on the news. About 1.34M shares traded. It has outperformed by 30.83% the S&P500. FMR LLC increased its holdings in shares of Caterpillar by 11.7% in the 2nd quarter. NGAM Advisors L.P. raised its position in shares of Caterpillar by 2.9% in the 2nd quarter. They expect $1.25 earnings per share, down 1.57% or $0.02 from last year's $1.27 per share. NRG's profit will be $395.81M for 5.03 P/E if the $1.25 EPS becomes a reality. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68.

Investors sentiment increased to 0.96 in Q2 2017. Its up 0.25, from 0.71 in 2017Q1. It improved, as 51 investors sold CAT shares while 382 reduced holdings. 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. Mechanics Fincl Bank Trust Department invested 0.15% of its portfolio in Caterpillar Inc. Pictet Asset accumulated 55,230 shares or 0% of the stock. Ingalls And Snyder Llc, a New York-based fund reported 10,843 shares. Pub Employees Retirement System Of Ohio invested in 0.01% or 130,944 shares. Cibc World Markets Incorporated accumulated 650,000 shares. Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has invested 0.01% of its portfolio in Netflix, Inc. Engines Advisors Limited Com reported 148 shares stake. Farmers And Merchants Investments holds 0.04% of its portfolio in Caterpillar Inc. Mastrapasqua Asset holds 0.12% of its portfolio in Caterpillar Inc. Cap One National Association reported 13,655 shares or 0.15% of all its holdings. This represents a $3.12 annualized dividend and a yield of 2.26%. Therefore 79% are positive.

CAT has been the topic of several recent research reports. Guggenheim initiated the shares of NRG in report on Friday, January 29 with "Buy" rating. The stock of NRG Energy Inc (NYSE:NRG) has "Buy" rating given on Monday, September 21 by Barclays Capital. Jefferies Group LLC restated a "hold" rating and issued a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th.

04/12/2017 - Caterpillar, Inc. had its "neutral" rating reiterated by analysts at Robert W. Baird. As per Friday, June 16, the company rating was maintained by Axiom Capital. Cowen & Co maintained it with "Hold" rating and $3.0 target in Wednesday, October 18 report. The firm has "Buy" rating given on Monday, September 18 by Tigress Financial. The ex-dividend date will be Friday the 20th of October 2017. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company's stock valued at $3,603,500,000 after purchasing an additional 1,342,984 shares during the period. It also reduced its holding in Five Below Inc (Put) (NASDAQ:FIVE) by 317,600 shares in the quarter, leaving it with 70,400 shares, and cut its stake in Ishares (EWZ). At current levels, Caterpillar Inc. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover CAT having a buy-equivalent rating. Therefore 41% are positive.

10/10/2017 - Caterpillar, Inc. had its "conviction buy" rating reiterated by analysts at Goldman Sachs. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned "Buy" rating by Citigroup on Wednesday, January 11.

06/28/2017 - Caterpillar, Inc. had its "outperform" rating reiterated by analysts at Credit Suisse. The firm has "Sell" rating given on Thursday, January 26 by Standpoint Research. The firm has "Buy" rating by Bank of America given on Wednesday, October 25.

09/18/2017 - Caterpillar, Inc. was upgraded to "buy" by analysts at UBS. (NYSE:CAT) has "Neutral" rating given on Monday, December 5 by JP Morgan. The firm has "Neutral" rating by Bank of America given on Friday, September 25. "(CAT) Price Target Increased to $165.00 by Analysts at BMO Capital Markets" was originally reported by BBNS and is owned by of BBNS.

More notable recent Caterpillar Inc. More interesting news about Netflix, Inc.



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