Why Caterpillar Blew Through Estimates, Raised Guidance

Caterpillar Crushes Q1 Forecasts, Boosts Outlook Above Consensus

Symphony Asset Management Llc acquired 29,086 shares as Caterpillar Inc Com (CAT)'s stock declined 5.62%. The Cornercap Investment Counsel Inc holds 42,260 shares with $6.66 million value, up from 37,670 last quarter. UBS maintained Caterpillar Inc. The stock increased 0.48% or $0.74 during the last trading session, reaching $153.99. CAT has 24.07 million volume or 292.39% up from normal. Caterpillar Inc. (NYSE:CAT) has risen 60.63% since April 24, 2017 and is uptrending. CAT outperformed by 49.08% the S&P 500.

This represents a sequential increase of about $1.7 billion. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.

A number of institutional investors have recently bought and sold shares of the stock. 162 funds opened positions while 352 raised stakes. Funds hold 402.55 million shares thus 0.18% more from 2017Q3's 401.83 million shares. Scotia Capital reported 0.09% in Caterpillar Inc. Stockholders of record on Monday, April 23rd will be given a dividend of $0.78 per share. Hightower Advisors Ltd has 0.4% invested in Caterpillar Inc. (NYSE:CAT). Baker Boyer Financial Bank holds 2,500 shs. Wharton Business Gru Ltd Liability Co accumulated 2,380 shares. First Commonwealth Corporation Pa reported 0.34% stake. Robeco Institutional Asset Mngmt Bv has 0.05% invested in Moody's Corporation (NYSE:MCO) for 62,693 shares. Moreover, First Tru Lp has 0.12% invested in Caterpillar Inc. (NYSE:CAT). Sarl holds 0.02% or 1,200 shs in its capital. Badgley Phelps Bell holds 0.02% or 1,835 shs in its capital.

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CAT had 3 sales and 0 insider buys since October 26, 2017. The insider Long Suzette M sold 528 shares worth $84,723. The insider now directly owns 7,605 shares worth $1,171,094. DICKINSON DANIEL M sold $522,724 worth of stock. (NYSE:CAT) earned "Sector Perform" rating by RBC Capital Markets on Friday, January 27. CEMEX S.A.B.de C.V. had 43 analyst reports since July 23, 2015 according to SRatingsIntel. 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. They set a buy rating and a $170.00 price objective for the company. OTR Global cut Caterpillar to a "positive" rating in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. (NYSE:CAT) on Monday, October 30. Gam Hldg Ag has invested 0.01% in Moody's Corporation (NYSE:MCO). Juniper Networks Inc Com (NYSE:JNPR) was reduced too. Leavell Investment Mgmt Inc holds 0.25% or 13,451 shares in its portfolio. Therefore 65% are positive. Last week, Donaldson Company Inc., which makes filters for heavy equipment makers, announced price increases of 4-15 percent, citing higher steel costs the company said were squeezing profit margins. The ratio is better, as 221 investment professionals increased or started new positions, while 160 decreased and sold their stock positions in Cooper Companies Inc. On Friday, January 26 the company was maintained by Bank of America. But in its annual report this year, the company warned that "buy national" policies or retaliation against such policies could hurt operations. On Monday, February 12 the company was maintained by J.P. Morgan. The firm earned "Hold" rating on Wednesday, March 7 by Stifel Nicolaus. The firm has "Overweight" rating given on Tuesday, October 6 by Barclays Capital. The rating was upgraded by Argus Research to "Buy" on Wednesday, August 2. On Friday, July 28 the stock rating was maintained by Jefferies with "Buy".

Among 21 analysts covering Goldcorp Inc. (NASDAQ:BOJA) to report earnings on May, 8 after the close. Revenue was seen growing 18% to $11.58 billion. The industrial products company reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.39.

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