Caterpillar (CAT) Holder Mitsubishi Ufj Trust & Banking Corp Has Increased Position by $4.14 Million as Share Value Rose

December 7, 2017 - By Dolores Ford

Investors sentiment increased to 0.96 in Q2 2017. Its up 0.25, from 0.71 in 2017Q1. It increased, as 51 investors sold CAT shares while 382 reduced holdings. 110 funds opened positions while 307 raised stakes. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported. Huntington Steele Lc holds 0.12% or 3,789 shares in its portfolio. Barclays Public Ltd accumulated 0.05% or 474,996 shares. Columbia Asset Management accumulated 33,817 shares or 1.17% of the stock. Bnp Paribas Arbitrage holds 674,996 shares. Madison Inv Hldg reported 92,788 shares. Comerica Secs owns 3,312 shares. Alps Advisors reported 0.33% in Caterpillar Inc. (NYSE:CAT). Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 43,780 shares or 0.07% of their US portfolio. 153,332 were accumulated by Sei Invests Co. Independent Portfolio Consultants Inc owns 2,524 shares. Haverford stated it has 0.01% in Caterpillar Inc. (NYSE:CAT). 60,752 were accumulated by Laurion Management Ltd Partnership. Johnson Investment Counsel Incorporated stated it has 0.04% of its portfolio in Caterpillar Inc. (NYSE:CAT). Marco Invest Mgmt Ltd Liability invested in 1.63% or 91,600 shares. Advisers Ltd holds 156,645 shares.

Mitsubishi Ufj Trust & Banking Corp increased its stake in Caterpillar (CAT) by 3.29% based on its latest 2017Q2 regulatory filing with the SEC. Mitsubishi Ufj Trust & Banking Corp bought 38,722 shares as the company’s stock rose 3.62% with the market. The institutional investor held 1.22M shares of the capital goods company at the end of 2017Q2, valued at $130.73M, up from 1.18 million at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Caterpillar for a number of months, seems to be bullish on the $85.01B market cap company. The stock increased 1.82% or $2.55 during the last trading session, reaching $142.89. About 2.96M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since December 7, 2016 and is uptrending. It has outperformed by 30.83% the S&P500.

Mitsubishi Ufj Trust & Banking Corp, which manages about $51.75B US Long portfolio, decreased its stake in Nike Inc Cl’b’ (NYSE:NKE) by 116,347 shares to 2.82 million shares, valued at $166.46 million in 2017Q2, according to the filing. It also reduced its holding in Lilly (Eli) (NYSE:LLY) by 73,380 shares in the quarter, leaving it with 2.23 million shares, and cut its stake in Centurylink Inc. (NYSE:CTL).

More recent Caterpillar Inc. (NYSE:CAT) news were published by: Investorplace.com which released: “Caterpillar Inc. Is Ready to Roar Once More” on November 27, 2017. Also Fool.com published the news titled: “Here’s How Caterpillar Inc. Crushed It in 2017” on November 25, 2017. Seekingalpha.com‘s news article titled: “Caterpillar: Is $180 On The Way?” with publication date: November 16, 2017 was also an interesting one.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 29 analysts covering Caterpillar Inc. (NYSE:CAT), 12 have Buy rating, 4 Sell and 13 Hold. Therefore 41% are positive. Caterpillar Inc. had 95 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 18 by UBS. The rating was maintained by Credit Suisse on Wednesday, October 25 with “Outperform”. The rating was downgraded by Standpoint Research on Thursday, January 26 to “Sell”. Barclays Capital upgraded Caterpillar Inc. (NYSE:CAT) rating on Tuesday, February 7. Barclays Capital has “Overweight” rating and $110 target. UBS maintained it with “Buy” rating and $155.0 target in Tuesday, December 5 report. JP Morgan maintained the stock with “Neutral” rating in Monday, December 5 report. The stock of Caterpillar Inc. (NYSE:CAT) earned “Hold” rating by RBC Capital Markets on Wednesday, October 25. RBC Capital Markets maintained it with “Hold” rating and $120.0 target in Sunday, October 1 report. The firm has “Hold” rating given on Wednesday, July 5 by Jefferies. The firm has “Neutral” rating by Citigroup given on Friday, October 13.

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