Will Caterpillar Inc. Go Down Anytime Soon? Option Trader Doubt That

 Will Caterpillar Inc. Go Down Anytime Soon? Option Trader Doubt That

In today’s session Caterpillar Inc. (CAT) registered an unusually high (446) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CAT increase. With 446 contracts traded and 454 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CAT161118C00081000 closed last at: $2.11 or 6.2% down. About 864,648 shares traded hands. Caterpillar Inc. (NYSE:CAT) has risen 9.40% since April 5, 2016 and is uptrending. It has outperformed by 7.44% the S&P500.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Out of 22 analysts covering Caterpillar Inc. (NYSE:CAT), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. $104 is the highest target while $28 is the lowest. The $72.68 average target is -12.55% below today’s ($83.11) stock price. Caterpillar Inc. has been the topic of 43 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 25 by Bank of America. The stock of Caterpillar Inc. (NYSE:CAT) has “Equal-Weight” rating given on Wednesday, October 12 by Barclays Capital. The stock has “Neutral” rating given by Goldman Sachs on Monday, April 25. The company was maintained on Friday, September 25 by Stifel Nicolaus. Vertical Research upgraded Caterpillar Inc. (NYSE:CAT) on Friday, April 15 to “Buy” rating. The rating was upgraded by Argus Research on Tuesday, April 26 to “Buy”. The stock of Caterpillar Inc. (NYSE:CAT) earned “Neutral” rating by Citigroup on Friday, March 18. The stock of Caterpillar Inc. (NYSE:CAT) has “Neutral” rating given on Friday, September 25 by Citigroup. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, December 17 report. The stock of Caterpillar Inc. (NYSE:CAT) has “Neutral” rating given on Monday, December 7 by Goldman Sachs.

According to Zacks Investment Research, “Caterpillar Inc is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company is one of only a handful of U.S. companies that leads its industry while competing globally from a principally domestic manufacturing base. The company records more than half of its sales to overseas customers. Their products are used in the construction, road building, mining, forestry, energy, transportation and material-handling industries.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.20, from 1.05 in 2016Q1. The ratio turned negative, as 76 funds sold all Caterpillar Inc. shares owned while 363 reduced positions. 40 funds bought stakes while 331 increased positions. They now own 396.23 million shares or 3.43% less from 410.29 million shares in 2016Q1.
Stearns Financial Svcs Group last reported 0.07% of its portfolio in the stock. Us National Bank & Trust De last reported 545,508 shares in the company. Canada Pension Plan Invest Board holds 245,729 shares or 0.08% of its portfolio. Calamos Advsr Ltd Com holds 66,763 shares or 0.04% of its portfolio. Glenmede Na accumulated 0.05% or 99,342 shares. Renaissance Gru Limited Liability Corporation last reported 16,175 shares in the company. First Interstate Natl Bank holds 0.02% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 1,217 shares. Gabelli Funds Lc last reported 0.06% of its portfolio in the stock. Amica Retiree Trust has 0.26% invested in the company for 3,994 shares. Signaturefd Limited Liability Corp has 3,077 shares for 0.03% of their US portfolio. Moreover, Brown Advisory Inc has 0.02% invested in Caterpillar Inc. (NYSE:CAT) for 58,735 shares. Aspen Investment Mgmt last reported 4,799 shares in the company. Exchange Mgmt has 0% invested in the company for 125 shares. Inv House holds 10,987 shares or 0.13% of its portfolio. Gfs Advsr Ltd Liability Corporation holds 1.45% or 79,265 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 1 insider buy, and 3 insider sales for $175,552 net activity. Shares for $41,661 were sold by Halverson Bradley M on Tuesday, May 31. 1,128 Caterpillar Inc. (NYSE:CAT) shares with value of $80,099 were bought by Muilenburg Dennis A. Copeland Jananne A. sold $58,563 worth of Caterpillar Inc. (NYSE:CAT) on Friday, July 29.

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has a market cap of $47.19 billion. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. It has a 48.14 P/E ratio. It also provides financing and related services through its Financial Products segment.

CAT Company Profile

Caterpillar Inc. (Caterpillar), incorporated on March 12, 1986, is a maker of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. The Firm also provides financing and related services through its Financial Products segment. The Firm offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. The Firm operates parts distribution centers at various locations, including Morton, Illinois; Mossville, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota; Southaven, Mississippi; Clayton, Ohio; Houston, Pennsylvania; York, Pennsylvania; Waco, Texas; Van Alstyne, Texas; Duffield, Virginia; Spokane, Washington; Melbourne, Australia; Stapylton, Australia; Queensland, Australia; Grimbergen, Belgium; Piracicaba, Brazil; Shanghai, China; Dortmund, Germany; Lunen, Germany; San Luis Potosi, Mexico; Singapore, Republic of Singapore; Moscow, Russia; Johannesburg, South Africa, and Dubai, United Arab Emirates.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Fool.com which released: “1 Billionaire is Shorting Caterpillar Inc.’s Stock: Should You?” on November 04, 2016, also Fool.com with their article: “What the Upcoming CEO Shuffle Means for Caterpillar Inc.” published on November 01, 2016, Fool.com published: “Better Buy: Caterpillar Inc. vs. Deere” on October 11, 2016. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Reuters.com and their article: “Caterpillar CEO to retire, successor a company veteran” published on October 17, 2016 as well as Wsj.com‘s news article titled: “Caterpillar Earnings Preview: What to Watch” with publication date: October 24, 2016.

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