Azimuth Capital Management Decreased Caterpillar (CAT) Stake By $1.87 Million; Tortoise Pipeline & Energy Fund (TTP)’s Sentiment Is 0.79

December 9, 2017 - By Kurt Siggers

Azimuth Capital Management Llc decreased Caterpillar Inc (CAT) stake by 52.91% reported in 2017Q2 SEC filing. Azimuth Capital Management Llc sold 17,520 shares as Caterpillar Inc (CAT)’s stock rose 3.62%. The Azimuth Capital Management Llc holds 15,591 shares with $1.68 million value, down from 33,111 last quarter. Caterpillar Inc now has $85.59B valuation. The stock increased 0.68% or $0.97 during the last trading session, reaching $143.86. About 2.49M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since December 9, 2016 and is uptrending. It has outperformed by 30.83% the S&P500.

The stock increased 1.15% or $0.2 during the last trading session, reaching $17.54. About 77,822 shares traded or 28.33% up from the average. Tortoise Pipeline & Energy Fund, Inc. (TTP) has 0.00% since December 9, 2016 and is . It has underperformed by 16.70% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 1.37% of its portfolio in Tortoise Pipeline & Energy Fund, Inc. for 160,704 shares. Freestone Capital Holdings Llc owns 74,957 shares or 0.12% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.11% invested in the company for 324,270 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.11% in the stock. Mariner Wealth Advisors Llc, a Kansas-based fund reported 106,768 shares.

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 stock of Caterpillar Inc. (NYSE:CAT) earned “Outperform” rating by Credit Suisse on Monday, April 4. The rating was upgraded by Vertical Research to “Buy” on Friday, April 15. Deutsche Bank downgraded it to “Hold” rating and $106 target in Friday, June 23 report. The stock of Caterpillar Inc. (NYSE:CAT) has “Hold” rating given on Tuesday, October 10 by Robert W. Baird. The stock of Caterpillar Inc. (NYSE:CAT) has “Hold” rating given on Thursday, October 5 by Jefferies. Citigroup maintained the stock with “Neutral” rating in Wednesday, October 25 report. The firm has “Buy” rating by Bank of America given on Thursday, May 11. The firm has “Hold” rating by RBC Capital Markets given on Sunday, October 1. The stock of Caterpillar Inc. (NYSE:CAT) has “Neutral” rating given on Thursday, March 16 by Tigress Financial. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, October 11 report.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on January, 25. They expect $1.69 EPS, up 103.61% or $0.86 from last year’s $0.83 per share. CAT’s profit will be $1.01 billion for 21.28 P/E if the $1.69 EPS becomes a reality. After $1.95 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.