Symphony Asset Management LLC Increases Holding in Caterpillar INC Com (CAT)

April 24, 2018 - By Maria Brooks

Caterpillar Inc. (NYSE:CAT) LogoInvestors sentiment increased to 1.13 in 2017 Q4. Its up 0.03, from 1.1 in 2017Q3. It increased, as 55 investors sold CAT shares while 401 reduced holdings. 162 funds opened positions while 352 raised stakes. 402.55 million shares or 0.18% more from 401.83 million shares in 2017Q3 were reported. Optimum Advsr reported 0.53% in Caterpillar Inc. (NYSE:CAT). 240 were accumulated by Kings Point Mgmt. Wisconsin-based State Of Wisconsin Investment Board has invested 0.31% in Caterpillar Inc. (NYSE:CAT). Pinnacle Wealth Advisory Ltd Liability has 1,283 shares. Wright Investors Service holds 0.41% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 7,758 shares. Whalerock Point Prns Lc accumulated 17,090 shares. Anderson Hoagland & holds 24,948 shares. Hartford Investment Management Co holds 0.37% or 125,237 shares in its portfolio. Waddell & Reed Financial Incorporated has invested 0.62% of its portfolio in Caterpillar Inc. (NYSE:CAT). Nomura Holdings reported 156,482 shares or 0.04% of all its holdings. Clifford Swan Investment Counsel Ltd Liability accumulated 62,757 shares. Atlantic Tru Gru Ltd Liability Co has invested 0.02% in Caterpillar Inc. (NYSE:CAT). Balyasny Asset Mgmt Limited Liability Corp reported 625,500 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 72,308 shares or 0.44% of all its holdings. Bessemer accumulated 0.01% or 8,337 shares.

Since October 26, 2017, it had 0 buys, and 3 selling transactions for $16.13 million activity. On Tuesday, January 30 Long Suzette M sold $84,723 worth of Caterpillar Inc. (NYSE:CAT) or 528 shares. The insider DICKINSON DANIEL M sold $522,724. De Lange Bob sold $216,276 worth of stock or 1,572 shares.

Symphony Asset Management Llc increased its stake in Caterpillar Inc Com (CAT) by 328.28% based on its latest 2017Q4 regulatory filing with the SEC. Symphony Asset Management Llc bought 29,086 shares as the company’s stock declined 5.62% with the market. The institutional investor held 37,946 shares of the capital goods company at the end of 2017Q4, valued at $5.98M, up from 8,860 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Caterpillar Inc Com for a number of months, seems to be bullish on the $86.32 billion market cap company. The stock decreased 6.20% or $9.55 during the last trading session, reaching $144.44. About 24.10M shares traded or 292.90% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 60.63% since April 24, 2017 and is uptrending. It has outperformed by 49.08% the S&P500.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 21 analysts covering Caterpillar (NYSE:CAT), 15 have Buy rating, 0 Sell and 6 Hold. Therefore 71% are positive. Caterpillar had 44 analyst reports since October 25, 2017 according to SRatingsIntel. On Thursday, October 26 the stock rating was maintained by Argus Research with “Buy”. The firm has “Buy” rating by Bank of America given on Friday, January 26. The stock has “Hold” rating by Credit Suisse on Wednesday, December 13. The stock of Caterpillar Inc. (NYSE:CAT) earned “Neutral” rating by Citigroup on Thursday, December 21. The firm has “Buy” rating by J.P. Morgan given on Monday, February 12. The firm has “Hold” rating by Robert W. Baird given on Friday, January 12. The firm has “Buy” rating given on Tuesday, January 23 by Seaport Global. The rating was maintained by Robert W. Baird on Friday, April 13 with “Hold”. UBS maintained Caterpillar Inc. (NYSE:CAT) rating on Friday, January 26. UBS has “Buy” rating and $190 target. Citigroup upgraded the stock to “Buy” rating in Monday, April 23 report.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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