Caterpillar Inc. (CAT) stands 13.17% away from 50 SMA

Lucy Hill
October 26, 2017

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in Caterpillar by 15.1% in the first quarter. Vanguard Group Inc. lifted its holdings in Caterpillar by 6.1% in the second quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Caterpillar by 663.8% in the second quarter. It also beat out analysts' revenue estimate of $10.63 billion for the quarter and was a boon to CAT stock. Motco increased its position in Caterpillar by 264.9% during the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company's stock worth $421,000 after acquiring an additional 10 shares in the last quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company's stock worth $310,000 after acquiring an additional 12 shares in the last quarter. (NYSE:CAT) has "Sell" rating given on Friday, June 16 by Axiom Capital.

Caterpillar Inc. (CAT)'s distance from 200 day simple moving average is 24.38 percent, its distance from 50 day simple moving average is 8.13 percent, while its distance from 20 day simple moving average is 3.11 percent. Parsec Financial Management Inc. raised its stake in shares of Caterpillar by 0.6% in the third quarter. (NYSE:CAT) hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. Associated Banc holds 0.65% of its portfolio in Caterpillar Inc. During the same period a year ago, the firm earned $0.85 EPS. The Firm provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. During the same period previous year, the business posted $0.75 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be issued a dividend of $0.78 per share. (NYSE:CAT) has "Sector Perform" rating given on Friday, September 25 by RBC Capital Markets. This represents a $3.12 dividend on an annualized basis and a yield of 2.26%. Caterpillar now has a consensus rating of "Hold" and an average price target of $123.48.

Caterpillar Inc. (CAT) has been given an average price target of $129.75 from analysts, according to data collected by Finviz. Deutsche Bank initiated it with "Buy" rating and $98 target in Wednesday, September 7 report. TheStreet raised shares of Caterpillar from a "c+" rating to a "b" rating in a research report on Tuesday, July 25th. UBS upgraded the shares of CAT in report on Monday, September 18 to "Buy" rating. The stock has "Buy" rating by Credit Suisse on Wednesday, October 18.

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Group President & CFO, Halverson Bradley M, sold 182,612 common shares of Caterpillar Inc. A sell-side firm might have issued a buy report on the company. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

TRADEMARK VIOLATION NOTICE: "ProShare Advisors LLC Sells 35,493 Shares of Caterpillar, Inc". Bb&T Corp, a North Carolina-based fund reported 100,000 shares. The legal version of this piece can be accessed at

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 shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock worth $22,979,332 over the last three months.

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