Caterpillar INC (CAT) Stake Has Boosted by Marietta Investment Partners Llc

February 19, 2018 - By Ellis Scott

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.14, from 0.96 in 2017Q2. It increased, 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. Boys Arnold & Co accumulated 0.19% or 9,472 shares. Adams Asset Advsr Ltd Llc owns 63,409 shares or 1.08% of their US portfolio. Delta Asset Management Limited Liability Tn reported 1.2% of its portfolio in Caterpillar Inc. (NYSE:CAT). State Farm Mutual Automobile Insur Co has 21.02M shares. Invsts has 20.88M shares for 0.59% of their portfolio. Aperio Gp Ltd holds 0.2% or 290,741 shares. Coldstream reported 0.31% in Caterpillar Inc. (NYSE:CAT). Commonwealth Equity Ser holds 0.23% or 307,399 shares in its portfolio. Mastrapasqua Asset has 5,025 shares for 0.13% of their portfolio. First Interstate National Bank & Trust stated it has 1,809 shares. Bailard Incorporated accumulated 2,519 shares. Contravisory Investment Inc owns 605 shares. Illinois-based Old Republic has invested 2.31% in Caterpillar Inc. (NYSE:CAT). Fjarde Ap invested 0.34% in Caterpillar Inc. (NYSE:CAT). Manchester Capital Mngmt Ltd Liability Com holds 0.04% in Caterpillar Inc. (NYSE:CAT) or 2,063 shares.

Since October 26, 2017, it had 0 insider buys, and 4 selling transactions for $16.35 million activity. Another trade for 1,572 shares valued at $216,276 was made by De Lange Bob on Thursday, October 26. On Wednesday, January 31 the insider Pellette Thomas A sold $15.53M. Long Suzette M sold $84,723 worth of stock or 528 shares.

Marietta Investment Partners Llc increased its stake in Caterpillar Inc (CAT) by 463.23% based on its latest 2017Q3 regulatory filing with the SEC. Marietta Investment Partners Llc bought 30,249 shares as the company’s stock rose 3.62% with the market. The institutional investor held 36,779 shares of the capital goods company at the end of 2017Q3, valued at $4.59 million, up from 6,530 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Caterpillar Inc for a number of months, seems to be bullish on the $92.98 billion market cap company. The stock decreased 2.31% or $3.69 during the last trading session, reaching $156.29. About 5.99M shares traded or 12.01% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since February 19, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Prnewswire.com which released: “Caterpillar Announces Officer Retirement; Consolidation of Functions” on January 26, 2018, also Marketwatch.com with their article: “Caterpillar 3-month total machines retail sales jump 34%” published on February 13, 2018, Fool.com published: “What to Expect From Caterpillar Inc. in 2018” on January 31, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Usnews.com and their article: “Caterpillar Builds Another Mammoth Quarter” published on January 25, 2018 as well as Livetradingnews.com‘s news article titled: “Caterpillar Inc (NYSE:CAT) Time to Take Profits” with publication date: February 16, 2018.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 31 analysts covering Caterpillar Inc. (NYSE:CAT), 16 have Buy rating, 4 Sell and 11 Hold. Therefore 52% are positive. Caterpillar Inc. had 120 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, August 3 the stock rating was upgraded by Atlantic Securities to “Neutral”. The rating was upgraded by Bank of America to “Buy” on Thursday, May 11. As per Friday, January 27, the company rating was upgraded by Wells Fargo. The stock has “Hold” rating by RBC Capital Markets on Sunday, October 1. J.P. Morgan upgraded Caterpillar Inc. (NYSE:CAT) rating on Monday, January 8. J.P. Morgan has “Buy” rating and $200.0 target. The firm earned “Buy” rating on Monday, September 18 by UBS. As per Friday, January 12, the company rating was maintained by Bank of America. Robert W. Baird maintained the shares of CAT in report on Tuesday, October 10 with “Hold” rating. The firm has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. The stock has “Buy” rating by Raymond James on Friday, April 28.

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