As Caterpillar INC (CAT) Share Value Declined, Busey Trust Company Has Lifted Holding by $4.62 Million

April 21, 2018 - By Louis Casey

Caterpillar Inc. (NYSE:CAT) LogoInvestors sentiment increased to 1.13 in Q4 2017. Its up 0.03, from 1.1 in 2017Q3. It is positive, 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. Cibc Mkts Corporation holds 948,029 shares or 1.07% of its portfolio. James Invest stated it has 0.07% in Caterpillar Inc. (NYSE:CAT). California-based Sand Hill Global Advisors Ltd Limited Liability Company has invested 0.03% in Caterpillar Inc. (NYSE:CAT). Eaton Vance Management invested 0.51% in Caterpillar Inc. (NYSE:CAT). Private Na has 0.23% invested in Caterpillar Inc. (NYSE:CAT). Hsbc Holding Public Ltd Company holds 2.04 million shares or 0.47% of its portfolio. Murphy Cap holds 0.27% in Caterpillar Inc. (NYSE:CAT) or 12,705 shares. Proshare Advsr Limited Liability reported 292,584 shares. Dearborn Ltd has 0.61% invested in Caterpillar Inc. (NYSE:CAT) for 53,730 shares. Oxbow Advsrs Ltd Liability Co invested 0.26% of its portfolio in Caterpillar Inc. (NYSE:CAT). Moreover, Pub Sector Pension Invest Board has 0.07% invested in Caterpillar Inc. (NYSE:CAT) for 65,805 shares. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 215,000 shares. Kelly Lawrence W & Associates Incorporated Ca, California-based fund reported 463 shares. S R Schill Associate reported 0.36% stake. 58,162 are held by Oppenheimer & Inc.

Since October 26, 2017, it had 0 insider purchases, and 4 insider sales for $16.35 million activity. De Lange Bob had sold 1,572 shares worth $216,276 on Thursday, October 26. On Wednesday, January 31 the insider Pellette Thomas A sold $15.53 million. DICKINSON DANIEL M sold $522,724 worth of Caterpillar Inc. (NYSE:CAT) on Monday, October 30.

Busey Trust Company increased its stake in Caterpillar Inc (CAT) by 95.1% based on its latest 2017Q4 regulatory filing with the SEC. Busey Trust Company bought 29,415 shares as the company’s stock declined 5.62% with the market. The institutional investor held 60,347 shares of the capital goods company at the end of 2017Q4, valued at $9.51M, up from 30,932 at the end of the previous reported quarter. Busey Trust Company who had been investing in Caterpillar Inc for a number of months, seems to be bullish on the $91.59B market cap company. The stock decreased 1.08% or $1.67 during the last trading session, reaching $153.25. About 4.06M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 60.63% since April 21, 2017 and is uptrending. It has outperformed by 49.08% the S&P500.

Busey Trust Company, which manages about $783.20 million US Long portfolio, decreased its stake in Verizon Communications (NYSE:VZ) by 79,967 shares to 133,647 shares, valued at $7.07 million in 2017Q4, according to the filing.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 21 analysts covering Caterpillar (NYSE:CAT), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Caterpillar has $200.0 highest and $140 lowest target. $179.06’s average target is 16.84% above currents $153.25 stock price. Caterpillar had 43 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, January 26. As per Wednesday, October 25, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained the stock with “Hold” rating in Friday, April 13 report. The stock has “Hold” rating by Jefferies on Friday, January 26. The stock has “Neutral” rating by Robert W. Baird on Wednesday, October 25. The firm has “Hold” rating given on Tuesday, December 19 by Robert W. Baird. The rating was maintained by UBS with “Buy” on Tuesday, December 5. Tigress Financial maintained the shares of CAT in report on Monday, October 30 with “Buy” rating. The rating was maintained by Jefferies on Thursday, January 18 with “Hold”. Tigress Financial maintained the shares of CAT in report on Tuesday, January 30 with “Buy” rating.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.