Caterpillar INC (CAT) Holder Northcoast Asset Management LLC Has Lowered Its Stake

March 21, 2018 - By Michael Collier

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.14, from 0.96 in 2017Q2. It is positive, as 50 investors sold CAT shares while 377 reduced holdings. 125 funds opened positions while 344 raised stakes. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. Balasa Dinverno & Foltz Ltd Limited Liability Company reported 0.07% stake. Stratos Wealth Prtnrs holds 0.15% or 25,425 shares. Shell Asset Management invested in 151,709 shares or 0.25% of the stock. State Of New Jersey Common Pension Fund D invested in 250,000 shares. 28,958 were reported by Visionary Asset. The Washington-based Washington Trust Bank & Trust has invested 0.11% in Caterpillar Inc. (NYSE:CAT). 1.21M were accumulated by Alliancebernstein Limited Partnership. Caprock Group holds 0.21% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 7,927 shares. Arrow Fincl owns 3,219 shares. Cetera Advisors Ltd Com invested 0.08% in Caterpillar Inc. (NYSE:CAT). Bbva Compass Commercial Bank accumulated 9,623 shares. Dodge Cox invested 0.01% of its portfolio in Caterpillar Inc. (NYSE:CAT). Amer Inc reported 5.13M shares or 2.26% of all its holdings. Kansas-based Creative Planning has invested 0.06% in Caterpillar Inc. (NYSE:CAT). Obermeyer Wood Invest Counsel Lllp stated it has 1,807 shares.

Since October 26, 2017, it had 0 insider purchases, and 4 insider sales for $16.35 million activity. $84,723 worth of Caterpillar Inc. (NYSE:CAT) shares were sold by Long Suzette M. On Thursday, October 26 De Lange Bob sold $216,276 worth of Caterpillar Inc. (NYSE:CAT) or 1,572 shares. Another trade for 95,199 shares valued at $15.53M was made by Pellette Thomas A on Wednesday, January 31.

Northcoast Asset Management Llc decreased its stake in Caterpillar Inc (CAT) by 37.56% based on its latest 2017Q3 regulatory filing with the SEC. Northcoast Asset Management Llc sold 95,971 shares as the company’s stock rose 3.62% with the market. The institutional investor held 159,557 shares of the capital goods company at the end of 2017Q3, valued at $19.90 million, down from 255,528 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Caterpillar Inc for a number of months, seems to be less bullish one the $93.54 billion market cap company. The stock increased 1.60% or $2.46 during the last trading session, reaching $156.52. About 1.49M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since March 21, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

Northcoast Asset Management Llc, which manages about $850.89 million US Long portfolio, upped its stake in Zoetis Inc (NYSE:ZTS) by 111,234 shares to 382,124 shares, valued at $24.36 million in 2017Q3, according to the filing. It also increased its holding in Dominos Pizza Inc. (NYSE:DPZ) by 48,810 shares in the quarter, for a total of 134,030 shares, and has risen its stake in China Petroleum And Chemical C (NYSE:SNP).

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on April, 24. They expect $2.04 earnings per share, up 59.38 % or $0.76 from last year’s $1.28 per share. CAT’s profit will be $1.22 billion for 19.18 P/E if the $2.04 EPS becomes a reality. After $2.16 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -5.56 % negative EPS growth.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 32 analysts covering Caterpillar Inc. (NYSE:CAT), 17 have Buy rating, 4 Sell and 11 Hold. Therefore 53% are positive. Caterpillar Inc. had 121 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Wednesday, October 18 by Credit Suisse. The firm has “Hold” rating given on Tuesday, June 20 by BMO Capital Markets. On Wednesday, July 5 the stock rating was maintained by Jefferies with “Hold”. As per Wednesday, September 7, the company rating was initiated by Deutsche Bank. As per Monday, July 24, the company rating was upgraded by BMO Capital Markets. The rating was downgraded by Deutsche Bank to “Hold” on Thursday, December 17. The firm has “Hold” rating given on Friday, January 26 by Jefferies. Axiom Capital initiated the shares of CAT in report on Thursday, September 24 with “Sell” rating. On Wednesday, January 24 the stock rating was maintained by Barclays Capital with “Overweight”.

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