The Caterpillar, Inc. (CAT) Shares Bought by First Trust Advisors LP

Xavier Trudeau
Juin 19, 2017

(NYSE:CAT) news were published by: Tucson.com which released: "Rio Nuevo gives go-ahead for construction start on Caterpillar HQ" on June 13, 2017, also Prnewswire.com with their article: "Caterpillar Inc". (NYSE:CAT) by 38.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. First Trust Advisors LP owned 0.09% of Caterpillar worth $48,158,000 as of its most recent SEC filing. Patten Group Inc. boosted its position in Caterpillar by 0.4% in the third quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company's stock worth $101,000 after buying an additional 372 shares during the last quarter.

San Francisco Sentry Investment Group Ca decreased Caterpillar Inc Del (CAT) stake by 7.22% reported in 2016Q4 SEC filing. Financial Architects Inc now owns 1,215 shares of the industrial products company's stock valued at $113,000 after buying an additional 65 shares in the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $125,000. Whittier Trust Co. now owns 70,510 shares of the industrial products company's stock worth $6,540,000 after buying an additional 721 shares in the last quarter. Kernodle & Katon Asset Management Group LLC increased its stake in Caterpillar by 5.0% in the third quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company's stock valued at $132,000 after buying an additional 845 shares in the last quarter. FMR LLC boosted its stake in shares of Caterpillar by 25.8% in the fourth quarter. (NYSE:CAT) were released by: Bizjournals.com and their article: "Construction starting on $43M, 600-worker Caterpillar division headquarters in Arizona" published on June 14, 2017 as well as Fool.com's news article titled: "Better Buy Now: Caterpillar Inc. vs. Deere & Company" with publication date: May 31, 2017.

Caterpillar (NYSE:CAT) traded up 1.13% during trading on Thursday, reaching $107.60. Argyle Capital Management Inc. now owns 30,000 shares of the industrial products company's stock worth $2,783,000 after buying an additional 100 shares in the last quarter. The company has a 50-day moving average price of $103.02 and a 200-day moving average price of $96.87. Caterpillar, Inc. The firm's market capitalization is $63.39 billion.

Caterpillar, Inc. has a 12 month low of $70.53 and a 12 month high of $107.91.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.66. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.27 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share.

Among 16 analysts covering Raytheon Company (NYSE:RTN), 12 have Buy rating, 1 Sell and 3 Hold. Equities research analysts expect that Caterpillar, Inc. will post $4.12 EPS for the current year. Stockholders of record on Thursday, July 20th will be paid a $0.78 dividend. This is an increase from Caterpillar's previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, July 18th. Caterpillar's dividend payout ratio is now -1,140.70%.

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A number of other research analysts have also weighed in on the company. Finally, Vetr upgraded shares of Caterpillar from a "sell" rating to a "hold" rating and set a $89.96 target price on the stock in a report on Monday, April 3rd. Jefferies Group LLC reiterated a "hold" rating and issued a $85.00 price target on shares of Caterpillar in a report on Friday, March 3rd. Finally, Bank of America Corporation upgraded shares of Caterpillar from a "neutral" rating to a "buy" rating and raised their price objective for the company from $105.00 to $120.00 in a report on Thursday, May 11th. (The) raised shares of Caterpillar from a "buy" rating to a "conviction-buy" rating and set a $120.00 price objective for the company in a research note on Tuesday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Deutsche Bank has "Hold" rating and $145 target.

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