Caterpillar Inc. (NYSE:CAT) Up 5.90%, Can the Run Continue?

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

Shares of Caterpillar (CAT) traded down 0.59% during mid-day trading on Monday, hitting $137.42. FMR LLC now owns 19,613,661 shares of the industrial products company's stock valued at $2,107,684,000 after buying an additional 2,052,300 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in Caterpillar by 663.8% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company's stock worth $421,000 after acquiring an additional 10 shares in the last quarter.

The company is expected to report earnings of $1.27 a share for the next quarter. The institutional investor owned 130,036 shares of the industrial products company's stock after selling 35,493 shares during the period.

Caterpillar Inc. shares increased 0.16 percent over the past week and rose 5.83 percent over the previous month. Northstar Group Inc. now owns 2,385 shares of the industrial products company's stock worth $256,000 after acquiring an additional 8 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Caterpillar in the first quarter valued at approximately $143,490,000. The stock had previously closed at $131.68. Finally, Goldman Sachs Group, Inc. Caterpillar comprises 2.1% of Robshaw & Julian Associates Inc.'s portfolio, making the stock its 25th largest position. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 41,225,175 shares of the stock are valued at $5.43 billion.

Caterpillar, Inc. has a 52-week low of $56.36 and a 52-week high of $97.40. (NYSE:CAT) has "Sell" rating given on Friday, June 16 by Axiom Capital. The stock increased 0.03% or $0.01 during the last trading session, reaching $33.29.

Caterpillar Inc. also notes that it is expecting revenue for 2017 to be around $44 billion. The firm's 50-day moving average is $94.40 and its 200 day moving average is $85.51.

Caterpillar Inc. reported earnings per share of $1.95 for the third quarter of the year. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. Sales and revenues totaled $11.4 billion, compared to $9.2 billion in the third quarter of 2016. Equities research analysts predict that Caterpillar, Inc. will post $5.29 earnings per share for the current year. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. Wells Fargo & Company set a $150.00 price objective on shares of Caterpillar and gave the company a "buy" rating in a research report on Monday, October 16th. The S&P 500 was up 3.5 points, or 0.1%, to 2,568. Caterpillar now has a consensus rating of "Hold" and an average price target of $123.48.

Caterpillar, Inc. (NYSE:CAT) had its price target upped by research analysts at Stifel Nicolaus from $125.00 to $145.00 in a report released on Wednesday. Jefferies maintained the shares of AKRX in report on Friday, May 26 with "Hold" rating. Vetr downgraded Caterpillar from a "buy" rating to a "hold" rating and set a $122.53 price objective on the a report on Monday, September 11th. The stock has "Buy" rating by Credit Suisse on Wednesday, October 18. BMO Capital Markets reissued a "buy" rating and set a $130.00 price target on shares of Caterpillar in a research report on Friday, September 8th. (NYSE:CAT), 12 have Buy rating, 4 Sell and 13 Hold. The brokerage now has a "buy" rating on the industrial products company's stock. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. (CAT)'s shares. The total value of these holdings, in millions, is $54,706. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Caterpillar a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

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