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Investment firms mixed on Caterpillar, with stock valuation at $353.49 despite missing Q2 estimates.
Several investment firms have adjusted their stakes in Caterpillar Inc. (NYSE:CAT), with Pine Haven Investment Counsel Inc reducing holdings and others like Gateway Investment Advisers LLC and First National Corp MA ADV increasing theirs.
Caterpillar reported a net margin of 16.65% and a return on equity of 58.18%, but missed earnings and revenue estimates in the latest quarter.
Analysts project 19.86 earnings per share for the year.
The stock is valued at $353.49 with a market cap of $166.51 billion.
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Las firmas de inversión se mezclaron en Caterpillar, con una valoración de acciones de $353.49 a pesar de que faltan estimaciones del segundo trimestre.