Bruderman Asset Management LLC Has $5.04 Million Position in Caterpillar, Inc. (CAT)

Bruderman Asset Management LLC Has $5.04 Million Position in Caterpillar, Inc. (CAT)

Bruderman Asset Management LLC Has $5.04 Million Position in Caterpillar, Inc. (CAT)

Cardinal Capital Management Llc decreased its stake in Akorn Inc (AKRX) by 46.51% based on its latest 2017Q2 regulatory filing with the SEC. Caterpillar's revenue for the quarter was up 24.6% compared to the same quarter previous year.

Looking ahead, CAT boosted its 2017 EPS guidance to $6.25, up from $5.00 previously, and well ahead of the $5.24 per share that Wall Street is looking for.

Caterpillar, Inc. (NYSE:CAT) is at overbought status with an RSI (14) at 89.90.

The lone economic release on Tuesday was IHS Markit's manufacturing sector purchasing managers index for October, which printed at 54.5 - a 9-month high - following a reading of 53.1 for September. Over the past twelve months, Caterpillar Inc. It expects adjusted earnings of $6.25 per share, up from the $5.00. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar in the second quarter worth about $104,000. Motco now owns 989 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 718 shares in the last quarter.

The company's shares climbed about 16 percent in the third quarter. Investors of record on Monday, October 23rd will be paid a dividend of $0.78 per share. (NYSE:CAT)'s stock is experiencing unusual volume during today's trading. Citigroup Inc.'s price objective points to a potential upside of 1.00% from the company's previous close.

Caterpillar Inc. (CAT)'s distance from 200 day simple moving average is 24.38 percent, its distance from 50 day simple moving average is 8.13 percent, while its distance from 20 day simple moving average is 3.11 percent. (NYSE:CAT) for 1,151 shares.

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Maximum and minimum EPS estimate for the current quarter is projected at $1.49 and $1.12, respectively, according to 17 analysts. The return on assets stands at 0.1%, Return on Equity now is 0.8% and the Return on Investment value is 0.6%. Before Tuesday's report, analysts were expecting fiscal year EPS of $5.29 on revenue of $42.94 billion. The rating was maintained by Axiom Capital on Wednesday, January 20 with "Buy". This represents a $3.12 annualized dividend and a yield of 2.37%. Caterpillar's payout ratio is presently 2,080.00%.

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A number of other large investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG started coverage on Caterpillar in a report on Tuesday, September 6th. (The) upped their price target on shares of Caterpillar from $143.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Finally, Credit Suisse Group reiterated a "hold" rating and issued a $133.00 price target on shares of Caterpillar in a research note on Friday, September 22nd.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

The stock's Average True Range (ATR) is now 1.38.

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