Caterpillar Inc (NYSE:CAT) Institutional Investors Sentiment

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Sentiment for Caterpillar Inc (NYSE:CAT)

Caterpillar Inc (NYSE:CAT) institutional sentiment decreased to 0.92 in 2019 Q2. Its down -0.12, from 1.04 in 2019Q1. The ratio is negative, as 451 investment managers increased and opened new holdings, while 491 sold and decreased their equity positions in Caterpillar Inc. The investment managers in our partner’s database now own: 353.49 million shares, down from 365.67 million shares in 2019Q1. Also, the number of investment managers holding Caterpillar Inc in their top 10 holdings decreased from 14 to 13 for a decrease of 1. Sold All: 62 Reduced: 429 Increased: 350 New Position: 101.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material handling, gas and oil, power generation, marine, rail, and industrial markets. The company has market cap of $74.50 billion. The Company’s Construction Industries segment offers backhoe, compact, track-type, small and medium wheel, knuckleboom, and skid steer loaders; small and medium track-type, and site prep tractors; mini, wheel, forestry, small, medium, and large track excavators; and motorgraders, pipelayers, telehandlers, cold planers, asphalt pavers, compactors, road reclaimers, and wheel and track skidders and feller bunchers. It has a 12.44 P/E ratio. The companyÂ’s Resource Industries segment provides electric rope and hydraulic shovel, landfill and soil compactor, dragline, large wheel loader, machinery component, track and rotary drill, electronics and control system, work tool, hard rock vehicle and continuous mining system, scoop and hauler, wheel tractor scraper, large track-type tractor, and wheel dozer products; longwall, highwall, and continuous miners; and mining, off-highway, and articulated trucks.

The stock increased 1.53% or $2.02 during the last trading session, reaching $133.77. About 3.13 million shares traded. Caterpillar Inc. (NYSE:CAT) has declined 5.78% since September 13, 2018 and is downtrending. It has underperformed by 5.78% the S&P500.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on October, 22. They expect $2.89 EPS, up 1.05 % or $0.03 from last year’s $2.86 per share. CAT’s profit will be $1.61B for 11.57 P/E if the $2.89 EPS becomes a reality. After $2.83 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts 2.12 % EPS growth.

Bill & Melinda Gates Foundation Trust holds 7.74% of its portfolio in Caterpillar Inc. for 11.26 million shares. Price Capital Management Inc. owns 71,027 shares or 7.23% of their US portfolio. Moreover, Impala Asset Management Llc has 4.91% invested in the company for 800,009 shares. The Missouri-based Community Bank Of Raymore has invested 4.26% in the stock. Westchester Capital Management Inc., a Nebraska-based fund reported 79,157 shares.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Ratings analysis reveals 33% of Caterpillar’s analysts are positive. Out of 6 Wall Street analysts rating Caterpillar, 2 give it “Buy”, 2 “Sell” rating, while 2 recommend “Hold”. The lowest target is $10000 while the high is $155. The stock’s average target of $129.71 is -3.04% below today’s ($133.77) share price. CAT was included in 13 notes of analysts from March 15, 2019. The firm has “Sell” rating given on Friday, June 21 by Atlantic Securities. The firm has “Market Perform” rating given on Thursday, September 12 by Wells Fargo. Bank of America maintained Caterpillar Inc. (NYSE:CAT) rating on Monday, September 9. Bank of America has “Buy” rating and $14500 target. As per Thursday, August 8, the company rating was downgraded by Goldman Sachs. The rating was maintained by Citigroup on Friday, March 15 with “Buy”.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Finance.Yahoo.com which released: “Tech Stocks Fall Monday With New Tech Probes – Yahoo Finance” on September 09, 2019, also Seekingalpha.com with their article: “Caterpillar tagged with Sell equivalent at Stephens – Seeking Alpha” published on August 15, 2019, Finance.Yahoo.com published: “3 Dow Jones Stocks to Sell Right Now – Yahoo Finance” on September 10, 2019. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Finance.Yahoo.com and their article: “Stocks – China Euphoria Helps S&P to Highest Level in a Month – Yahoo Finance” published on September 05, 2019 as well as Investorplace.com‘s news article titled: “Should Value Investors Consider Caterpillar Stock Now? – Investorplace.com” with publication date: September 11, 2019.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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