Caterpillar Reports Third-Quarter results 2017

Caterpillar Reports Third-Quarter results 2017

Caterpillar Inc. (NYSE:CAT)'s short interest is 15.25 million shares, or 2.60% of the float.

Caterpillar has stated its financial position has continued to strengthen in the quarter. Caterpillar, Inc. The firm has a market cap of $81.70 billion, a price-to-earnings ratio of 772.29 and a beta of 1.26. 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. Pitcairn Co. now owns 3,298 shares of the company's stock valued at $250,000 after buying an additional 14 shares during the period. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

3M (MMM) raised its full-year earnings outlook Tuesday after reporting third-quarter results that beat Wall Street estimates. Finally, Acrospire Investment Management LLC increased its position in Caterpillar by 900.0% during the second quarter.

Caterpillar Inc. (NYSE:CAT) reached 72.09% versus a 1-year low price of $80.33. Robert W. Baird has "Hold" rating and $130.0 target.

Caterpillar Inc.is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

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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. (NYSE:CAT) has "Sector Perform" rating given on Friday, September 25 by RBC Capital Markets. 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. 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. (CAT) in the open market.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. Excluding restructuring costs, third-quarter 2017 adjusted profit per share was $1.95, compared with third-quarter 2016 adjusted profit per share of $0.85. Associated Banc holds 0.65% of its portfolio in Caterpillar Inc. During the same quarter in the previous year, the business earned $0.85 EPS. 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. The stock has "Buy" rating by Credit Suisse on Wednesday, October 18. The business's revenue was up 24.6% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: "ProShare Advisors LLC Sells 35,493 Shares of Caterpillar, Inc". Jefferies maintained the shares of CAT in report on Thursday, October 5 with "Hold" rating. The legal version of this piece can be accessed at https://www.truebluetribune.com/2017/10/25/caterpillars-cat-outperform-rating-reaffirmed-at-wells-fargo-company.html. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The transaction was disclosed in a document filed with the SEC, which is available at this link. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Following the completion of the sale, the director now directly owns 17,476 shares in the company, valued at $1,634,355.52. Insiders have sold a total of 201,471 shares of company stock valued at $22,979,332 over the last ninety days.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

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