Following the completion of the transaction, the general counsel now owns 19,646 shares of the company's stock, valued at $3,152,397.16.
For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most analysts' consensus forecast of $2.04 per share.
In the quarter to end-March, revenues rose 31 per cent on year to US$12.9 billion, above Wall Street's expectations, as strong commodity prices and increased construction activities in North America and China drove up sales of mining and construction machines.
The stock decreased 2.22% or $0.15 during the last trading session, reaching $6.62. The stock had a trading volume of 24,117,726 shares, compared to its average volume of 6,155,666.
Two Sigma Securities Llc decreased Vanguard Bd Index Fd Inc (BND) stake by 22,265 shares to 5,751 valued at $469,000 in 2017Q4.
"The combination of strength in many of our end markets and our team's continued focus on operational excellence - including strong cost control - helped us deliver improved margins and a record first-quarter profit", chief executive Jim Umpleby said in a statement. About 896,212 shares traded or 5.04% up from the average. It has underperformed by 25.76% the S&P500.
While Caterpillar may choose not to speculate, the same may not be true of analysts.
In total 21 analysts cover Caterpillar (NYSE:CAT). Therefore 56% are positive. Caterpillar had 44 analyst reports since October 25, 2017 according to SRatingsIntel. The rating was maintained by Citigroup with "Neutral" on Wednesday, October 25. The rating was maintained by Robert W. Baird with "Hold" on Friday, January 12. The company rating was maintained by UBS on Friday, January 26. On Tuesday, April 17 the stock of Caterpillar Inc. Richard Bernstein Advsrs Limited Liability Corporation stated it has 0.26% in Caterpillar Inc. (NYSE:W) earned "Accumulate" rating by Gordon Haskett on Tuesday, June 27. Finally, Northstar Group Inc. boosted its position in shares of Caterpillar by 15.3% during the 4th quarter. Also, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction that occurred on Tuesday, January 30th. It also reduced its holding in Korn Ferry Intl (NYSE:KFY) by 14,683 shares in the quarter, leaving it with 1.96M shares, and cut its stake in National Storage Affiliates.
This represents a sequential increase of about $1.7 billion. Its up 0.03, from 1.1 in 2017Q3. It improved, as 55 investors sold CAT shares while 401 reduced holdings. 352 increased stakes while 162 funds acquired stakes. Wharton Business Gru Ltd Liability Co accumulated 2,380 shares. Oakbrook holds 3.09% of its portfolio in Caterpillar Inc. Parametric Portfolio Associates Llc reported 1.60M shares. The Pennsylvania-based Hbk Sorce Advisory Limited Liability Company has invested 0.1% in Caterpillar Inc. (NYSE:CAT) for 350 shares. Sandy Spring Bank now owns 981 shares of the industrial products company's stock worth $155,000 after buying an additional 375 shares in the last quarter.
Ausdal Financial Partners Inc. maintained its position in shares of Caterpillar Inc. Lsv Asset Mgmt has invested 0% of its portfolio in Caterpillar Inc. Adirondack Trust Company has 1.08% invested in Caterpillar Inc. Endurance Wealth Mngmt Inc holds 0.02% or 720 shares in its portfolio. Puzo Michael J holds 1,500 shs or 0.1% of its capital. The Symphony Asset Management Llc holds 37,946 shares with $5.98M value, up from 8,860 last quarter. Smithfield has invested 0.08% of its portfolio in Caterpillar Inc. (NYSE:CAT) by some 26,640,285 shares, 576 decreased positions by 28,617,069 and 203 held positions by 359,941,335.
CAT had 3 selling transactions and 0 buys since October 26, 2017. 1,572 shares were sold by De Lange Bob, worth $216,276 on Thursday, October 26.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the business's stock in a transaction dated Wednesday, January 31st. $15.53M worth of Caterpillar Inc.
Analysts await Bojangles', Inc. Therefore 65% are positive. Citigroup upgraded it to "Hold" rating and $9.2 target in Monday, October 23 report. The rating was maintained by RBC Capital Markets with "Hold" on Thursday, January 11.