Caterpillar Shares Slide as Trump Steel Tariffs May Boost Costs

Caterpillar Inc beats estimates and raises 2018 profit outlook in huge vote of confidence for

Caterpillar Inc beats estimates and raises 2018 profit outlook in huge vote of confidence for

About 5.35 million shares traded. Moody's Corporation (NYSE:MCO) has risen 43.20% since April 24, 2017 and is uptrending. CAT outperformed by 49.08% the S&P500.

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. Bank of America reissued a buy rating and issued a $189.00 price target (up from $158.00) on shares of Caterpillar in a report on Friday, January 12th.

The stock dropped more than 6% after earlier rallying. About 671,150 shares traded. Goldcorp Inc. (NYSE:GG) has declined 14.21% since April 24, 2017 and is downtrending.

In total 21 analysts cover Caterpillar (NYSE:CAT). The firm has "Hold" rating given on Tuesday, December 19 by Robert W. Baird. Therefore 56% are positive. Buckingham Research began coverage on shares of Caterpillar in a report on Wednesday, April 11th. The firm has "Hold" rating given on Wednesday, October 25 by Stifel Nicolaus. Finally, Vetr upgraded Caterpillar from a "strong sell" rating to a "sell" rating and set a $90.53 price target for the company in a research note on Tuesday, May 2nd. As per Monday, January 25, the company rating was downgraded by Goldman Sachs. UBS downgraded it to "Sell" rating and $6.5 target in Thursday, February 15 report. The rating was upgraded by Argus Research to "Buy" on Wednesday, August 2. The firm earned "Sector Perform" rating on Friday, January 27 by RBC Capital Markets. The firm earned "Hold" rating on Thursday, January 18 by Jefferies.

The outlook assumes continued global economic growth, Caterpillar said. (NYSE:CAT), with 9 analysts believing it is a strong buy. UBS maintained it with "Buy" rating and $190 target in Friday, January 26 report. The third largest holder is Blackrock Inc., which now holds $5.76 billion worth of this stock and that ownership represents almost 6.15% of its market capitalization. (NYSE:CAT) by some 26,640,285 shares, 576 decreased positions by 28,617,069 and 203 held positions by 359,941,335. (NYSE:CAT). Moreover, Delta Asset Mgmt Limited Liability Co Tn has 1.4% invested in Caterpillar Inc.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.03, from 1.1 in 2017Q3.


A number of institutional investors have recently bought and sold shares of the stock.

Hedge funds have recently added to or reduced their stakes in the stock. 402.55 million shares or 0.18% more from 401.83 million shares in 2017Q3 were reported. Also, the number of investment professionals holding Cooper Companies Inc in top ten positions decreased from 1 to 0 for a decrease of 1. Robeco Institutional Asset Mngmt Bv has 0.05% invested in Moody's Corporation (NYSE:MCO) for 62,693 shares.

In Caterpillar Inc Del (Put) (CAT) was reduced the holdings owned by Matthew Hulsizer.

Shares of CAT stock opened at $153.99 on Monday.

Shares higher here, up around 1.6%. Stockholders of record on Monday, April 23rd will be given a dividend of $0.78 per share. Also, General Counsel Suzette M. Long sold 528 shares of the stock in a transaction on Tuesday, January 30th. Farmers & Merchants Invests Incorporated accumulated 4,847 shares. (NYSE:CAT). The New York-based Strategic Fincl Services has invested 0.63% in Caterpillar Inc. (NYSE:CAT) for 2,020 shares. California-based L And S Advsrs has invested 1.11% in Caterpillar Inc.

In the transaction dated November 24, 2017, the great number of shares disposed came courtesy the Chief Accounting Officer; Copeland Jananne A. disposed a total of 3,247 shares at an average price of $136.95, amounting to approximately $444,677. Gateway Inv Advisers Limited Company stated it has 383,068 shares or 0.51% of all its holdings.

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