The Robshaw & Julian Associates Inc. Raises Stake in Caterpillar, Inc. (CAT)

Violet Tucker
October 26, 2017

Parsec Financial Management Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 23 shares during the period.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Capital Advisors LLC bought a new position in Caterpillar during the first quarter valued at $107,000.

Shares of Caterpillar (CAT) traded down 0.59% during mid-day trading on Monday, hitting $137.42. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company's stock worth $102,000 after buying an additional 128 shares in the last quarter. Pitcairn Co. raised its stake in shares of Caterpillar by 0.4% 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. Among active positions in the latest quarter, 514 holders increased their positions by a total of 30.55 million shares, 525 holders decreased the positions by a total of 34.55 million shares, and 210 holders held their positions. Morgan Stanley now owns 10,398,677 shares of the industrial products company's stock valued at $964,579,000 after buying an additional 1,365,856 shares during the period. FMR LLC now owns 19,613,661 shares of the industrial products company's stock valued at $2,107,684,000 after buying an additional 2,052,300 shares during the period. Caterpillar has a 12 month low of $80.33 and a 12 month high of $140.44.

Shares of Caterpillar (NYSE CAT) opened at 138.24 on Wednesday. The firm's 50-day moving average is $94.40 and its 200 day moving average is $85.51. The company ended the third quarter of 2017 with an enterprise cash balance of $9.6 billion.

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Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 12.79% and a net margin of 2.54%.

During the third quarter of 2017, Caterpillar Inc. reported revenue of $11.41 billion. During the same period past year, the firm earned $0.85 EPS. The business's revenue was up 24.6% on a year-over-year basis. The shares price go up so far this year; showing a rise of 49.06% and added with positive flow of 5.90% during recent week. Stockholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. (NASDAQ:AKRX) on Friday, October 20 with "Hold" rating. The S&P 500 was up 3.5 points, or 0.1%, to 2,568. S&Co owns 2.03% invested in Caterpillar Inc. Macquarie Research upgraded the stock to "Outperform" rating in Tuesday, May 24 report. The stock has "Buy" rating by Credit Suisse on Wednesday, October 18.

Robshaw & Julian Associates Inc. increased its stake in shares of Caterpillar, Inc. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The brokerage now has a "buy" rating on the industrial products company's stock. Jefferies maintained the shares of CAT in report on Thursday, October 5 with "Hold" rating. The stock grabbed 120 new institutional investments totaling 5,246,765 shares while 59 institutional investors sold out their entire positions totaling 1,724,894 shares.

In the transaction dated Jul. 27, 2017, the great number of shares disposed came courtesy the Group President; Johnson Denise C disposed a total of 88,969 shares at an average price of $124.77, amounting to approximately $11,100,662. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the firm's stock in a transaction on Friday, August 4th. Following the completion of the sale, the director now directly owns 17,476 shares in the company, valued at $1,634,355.52.

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