Published: Fri, May 18, 2018
Business | By Tara Barton

Stifel Nicolaus Reaffirms "Hold" Rating for Caterpillar (CAT)

Stifel Nicolaus Reaffirms

The investment professionals in our partner's database reported: 30.16 million shares, down from 30.37 million shares in 2017Q3. The business's revenue for the quarter was up 30.9% compared to the same quarter last year. equities research analysts forecast that Caterpillar Inc. will post 10.71 earnings per share for the current year. It is positive, as 55 investors sold CAT shares while 401 reduced holdings. Old West Investment Management LLC purchased a new stake in shares of Caterpillar during the first quarter worth $610,000. Caterpillar Inc's shareholder Bill & Melinda Gates Foundation Trust owns 11.26 million shares as of 2017 Q4. (NYSE:CAT). Tru Inv Advsr has 13,130 shares. Adams Asset Advsrs Ltd invested 1.07% in Caterpillar Inc. The Missouri-based fund Community Bank Of Raymore holds 85,395 shares or 5.45% of their stocks portfolio. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors. (NYSE:CAT). Moreover, River & Mercantile Asset Llp has 0.54% invested in Caterpillar Inc. Following the completion of the sale, the chief financial officer now owns 2,554 shares in the company, valued at $397,581.18. CAT's performance crushes the S&P 500's 33% surge, while also slightly outpacing its industry's similarly massive gains-which is not shocking since Caterpillar has always been an industry and an economic bellwether. If CAT's EPS is $2.57 the profit will hit $1.54 billion for 14.96 P/E. -8.87 % negative EPS growth is what analysts predict. $2.82 EPS was reported for previous quarter. Analysts expect change of 72.48 % or $1.08 from previous year's $1.49 EPS compared to current's $2.57 EPS. In the past 13-year record, this ratio went down as low as 0.3 and as high as 2.25. Last quarter $2.82 EPS was reported. Perella Weinberg Prtn Capital Mngmt LP holds 0.4% or 26,650 shares. Adams Asset Advisors Ltd Liability reported 1.07% stake. Fort Point Ptnrs Limited Liability Co invested in 0.47% or 6,388 shares. (NYSE:CAT) for 450 shares. (NYSE:CAT) with "Neutral" rating. (NYSE:CAT). Jennison Assoc Lc invested in 0.93% or 5.95M shs. (NYSE:CAT). Aull Monroe Investment Management Corp has invested 2.76% in Caterpillar Inc. (NYSE:CAT) for 104,670 shs. Fiduciary Fincl Services Of The Southwest Tx accumulated 0.15% or 3,218 shares.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 24th. BlackRock Inc. now owns 37,565,629 shares of the industrial products company's stock worth $5,919,590,000 after purchasing an additional 2,297,750 shares in the last quarter. Sawgrass Asset Mngmt Limited Liability Company accumulated 7,750 shs. Cape Cod Five Cents Bank & Trust holds 0.12% or 4,944 shs in its capital. $84,723 worth of Caterpillar Inc. (NYSE:CAT) for 78,307 shs.

Merriman Wealth Management Llc holds 0.94% of its portfolio in HNI Corporation for 100,000 shares.

Stifel Nicolaus Reaffirms
Stifel Nicolaus Reaffirms "Hold" Rating for Caterpillar (CAT)

Caterpillar Inc. registered $23.79 million net activity with 0 insider purchases and 3 insider sales since January 30, 2018. On Wednesday, January 31 $15.53M worth of stock was sold by Pellette Thomas A. Ltd acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $131,000. Тherefore 67% are bullish. Caterpillar Inc. (NYSE:CAT) has risen 60.63% since May 16, 2017 and is uptrending. On Friday, January 12 the rating was maintained by Bank of America with "Buy". On Friday, January 19 the stock of Caterpillar Inc. ValuEngine upgraded Caterpillar from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. In Monday, May 14 report Stifel Nicolaus maintained it with "Hold" rating and $17400 target.

In total 21 analysts cover Caterpillar (NYSE:CAT). On Tuesday, December 5 the firm has "Buy" rating by UBS given. Morgan Stanley set a $185.00 target price on Caterpillar and gave the stock a buy rating in a research note on Wednesday, April 25th. The rating was initiated by Barclays Capital with "Buy" on Tuesday, December 12. Buckingham Research began coverage on Caterpillar in a research report on Wednesday, April 11th. On Tuesday, April 24 the firm has "Buy" rating given by Goldman Sachs. On Wednesday, April 25 the firm has "Buy" rating by Seaport Global given. On Tuesday, April 24 the firm has "Hold" rating by Robert W. Baird given. On Friday, January 26 the rating was maintained by UBS with "Buy". Lee Danner & Bass Inc. raised its holdings in Caterpillar by 4.1% in the 1st quarter. The titles are as follows: "Why Caterpillar Blew Through Estimates, Raised Guidance" published on April 24, 2018, "The Real Significance Of Caterpillar's "High Watermark" Comment" on May 15, 2018, "Caterpillar: High-Water Mark Indeed" with a publish date: May 02, 2018, "Caterpillar's three-month rolling machine retail sales +28%" and the last "Buy Caterpillar On The Dip" with publication date: May 09, 2018.

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