Caterpillar Shares Strong, Following Upbeat Q3 Report

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Other large investors also recently made changes to their positions in the company. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 900 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in Caterpillar in the second quarter worth $104,000. Motco now owns 989 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 718 shares during the last quarter.

Caterpillar said it now expects 2017 sales and revenue of $44 billion, up from its earlier forecast of $42 billion to $44 billion. 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. Vanguard Group Inc. grew its stake in shares of Caterpillar by 6.1% during the second quarter. 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. Primecap Management Co. CA lifted its holdings in Caterpillar by 16.9% in the first quarter. The stock increased 0.24% or $0.32 during the last trading session, reaching $131.68. (NYSE:CAT) earned "Sell" rating by Goldman Sachs on Monday, January 25.

Caterpillar Inc. (CAT) is expected to post revenue of $11.18 Billion in the current quarter, according to consensus of 12 analysts. Insiders own 0.14% of the company's stock. Caterpillar comprises 2.1% of Robshaw & Julian Associates Inc.'s portfolio, making the stock its 25th largest position.

Caterpillar, Inc. has a 52-week low of $56.36 and a 52-week high of $97.40.

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Caterpillar Inc. (NYSE:CAT) may have great momentum, but how has it been performing relative to the market? Overall, 5.54 Million shares exchanged hands versus its average trading volume of 3.38 Million shares. The company reported revenue of $10.32 Billion in the same period a year ago. The firm's 50-day moving average price is $125.53 and its 200-day moving average price is $111.48. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.68. Golub Ltd Liability Company holds 0.12% in Caterpillar Inc. Sales and revenues totaled $11.4 billion, compared to $9.2 billion in the third quarter of 2016. During the same period past year, the business posted $0.75 earnings per share. The business's revenue was up 24.6% on a year-over-year basis. Equities analysts predict that Caterpillar, Inc. will post $3.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Wells Fargo & Company set a $150.00 price objective on shares of Caterpillar and gave the company a "buy" rating in a research report on Monday, October 16th. The ex-dividend date of this dividend is Wednesday, January 18th. Caterpillar's dividend payout ratio is 2,080.00%. Vetr upgraded Caterpillar from a "sell" rating to a "hold" rating and set a $124.44 price objective on the stock in a research note on Tuesday, October 10th. BMO Capital Markets reissued a "buy" rating and set a $130.00 price target on shares of Caterpillar in a research report on Friday, September 8th. 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 presently has a "hold" rating on the industrial products company's stock.

In related news, Director William A. Osborn sold 5,000 shares of the firm's stock in a transaction on Friday, July 28th. (CAT)'s shares. The total value of these holdings, in millions, is $54,706.