Meyer Handelman Co Lowered By $742,350 Its Caterpillar Del Com (CAT) Holding; Valley National Bancorp (VLY) Shorts Up By 14.62%

June 18, 2018 - By Darrin Black

Caterpillar Inc. (NYSE:CAT) Logo

Valley National Bancorp (NYSE:VLY) had an increase of 14.62% in short interest. VLY’s SI was 14.22 million shares in June as released by FINRA. Its up 14.62% from 12.40M shares previously. With 3.51 million avg volume, 4 days are for Valley National Bancorp (NYSE:VLY)’s short sellers to cover VLY’s short positions. The SI to Valley National Bancorp’s float is 5.58%. The stock increased 0.40% or $0.05 during the last trading session, reaching $12.7. About 6.47 million shares traded or 172.46% up from the average. Valley National Bancorp (NYSE:VLY) has risen 11.46% since June 18, 2017 and is uptrending. It has underperformed by 1.11% the S&P500. Some Historical VLY News: ; 23/05/2018 – Golden Valley Bank’s President & CEO, Mark Francis and Tom Lando Awarded Small Business Advocates of the Year; 30/04/2018 – Valley National Access Event Set By Stephens Inc. for May. 7-8; 26/04/2018 – Valley National Bancorp 1Q Adj EPS 18c; 09/04/2018 – Heritage Commerce Corp Announces The Completion Of Its Merger With Tri-Valley Bank; 29/05/2018 – SILICON VALLEY BANK GETS BAFIN LICENSE IN GERMANY; 05/04/2018 – Golden Valley Bank Reports Strong Growth, Earnings and Dividend; 05/03/2018 TINTRI INC – ON MARCH 5, 2018, CO ENTERED INTO WAIVER AND TENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT WITH SILICON VALLEY BANK – SEC FILING; 26/04/2018 – Valley National Bancorp 1Q EPS 12c; 26/04/2018 – Valley National Bancorp 1Q Noninterest Income $32.3; 26/04/2018 – Valley National Bancorp Reports First Quarter Net Income And Strong Organic Loan Growth




Meyer Handelman Co decreased Caterpillar Inc Del Com (CAT) stake by 3.19% reported in 2018Q1 SEC filing. Meyer Handelman Co sold 5,050 shares as Caterpillar Inc Del Com (CAT)’s stock declined 4.79%. The Meyer Handelman Co holds 153,166 shares with $22.57M value, down from 158,216 last quarter. Caterpillar Inc Del Com now has $89.70 billion valuation. The stock decreased 2.04% or $3.12 during the last trading session, reaching $150.02. About 8.85 million shares traded or 87.72% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 48.40% since June 18, 2017 and is uptrending. It has outperformed by 35.83% the S&P500. Some Historical CAT News: ; 24/04/2018 – Caterpillar earnings: $2.82 a share, vs $2.13 EPS expected; 03/05/2018 – “Caterpillar’s monthly retail sales growth is beginning to slow, and appears to be past its peak,” analyst Ross Gilardi wrote Thursday; 04/05/2018 – CATERPILLAR INC – ONCE BONFIELD JOINS CATERPILLAR, CREED WILL CONTINUE SERVING IN HIS CAPACITY AS FSD VICE PRESIDENT; 04/05/2018 – CATERPILLAR – APPROVED 2018 CASH ANNUAL INCENTIVE PLAN AWARD WITH TARGET VALUE OF 115 PCT OF BONFIELD’S BASE SALARY, PRO-RATED BASED ON START DATE; 08/05/2018 – CATERPILLAR EXPECTS MINING COS TO DRIVE HIGHER CAPITAL SPENDING; 11/05/2018 – Caterpillar Sales Show Mining Is Booming Again in Latin America; 05/03/2018 – “Seeing Caterpillar and Harley-Davidson trade higher tells me that traders think this will end diplomatically,” says one strategist; 12/04/2018 – Caterpillar: Younessi Is Currently Vice Pres of Caterpillar’s Industrial Power Systems Division; 23/04/2018 – CATERPILLAR: CATERPILLAR EU STAGE V ENGINES SET HIGH STANDARDS; 24/04/2018 – Caterpillar reports earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations

Among 11 analysts covering Valley National Bancorp (NYSE:VLY), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Valley National Bancorp had 26 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, September 28. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. Morgan Stanley maintained it with “Equal-Weight” rating and $14 target in Monday, April 30 report. The stock of Valley National Bancorp (NYSE:VLY) has “Outperform” rating given on Monday, July 31 by Hovde Group. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, November 14. Sandler O’Neill maintained it with “Hold” rating and $13.0 target in Thursday, January 25 report. The rating was upgraded by Zacks on Wednesday, August 19 to “Sell”. The stock of Valley National Bancorp (NYSE:VLY) has “Buy” rating given on Thursday, April 26 by Sandler O’Neill. The rating was upgraded by Sandler O’Neill to “Buy” on Friday, January 29. The stock of Valley National Bancorp (NYSE:VLY) has “Buy” rating given on Thursday, July 27 by Keefe Bruyette & Woods.

Since January 29, 2018, it had 2 insider buys, and 5 sales for $6.81 million activity. 3,433 shares were bought by Baum Peter J, worth $43,613. Shares for $236,079 were sold by GUILFOILE MARY on Tuesday, May 8. 76,000 Valley National Bancorp (NYSE:VLY) shares with value of $1.00M were sold by JONES GRAHAM O. KORDE GERALD also sold $66,350 worth of Valley National Bancorp (NYSE:VLY) on Friday, June 8. 2,040 Valley National Bancorp (NYSE:VLY) shares with value of $24,945 were bought by LENNER MARC J. Steans Jennifer W also sold $2.24 million worth of Valley National Bancorp (NYSE:VLY) on Wednesday, May 9. LIPKIN GERALD H also sold $3.33 million worth of Valley National Bancorp (NYSE:VLY) shares.

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.18, from 1.3 in 2017Q4. It fall, as 33 investors sold Valley National Bancorp shares while 64 reduced holdings. 29 funds opened positions while 80 raised stakes. 178.23 million shares or 7.90% more from 165.19 million shares in 2017Q4 were reported. Teacher Retirement Systems Of Texas has invested 0.01% in Valley National Bancorp (NYSE:VLY). Brookstone Capital accumulated 32,942 shares. Balyasny Asset Mgmt holds 0.01% or 192,847 shares in its portfolio. State Board Of Administration Of Florida Retirement System reported 202,017 shares. Cannell Peter B holds 35,000 shares. Strs Ohio, Ohio-based fund reported 26,400 shares. Mcrae Cap Mgmt has 14,881 shares. Basswood Capital Mgmt Ltd Liability accumulated 90,722 shares or 0.05% of the stock. Crawford Inv Counsel has 0.55% invested in Valley National Bancorp (NYSE:VLY) for 1.39M shares. Mercer Capital Advisers has 12,265 shares. Texas Permanent School Fund holds 0.03% or 175,204 shares. Jpmorgan Chase & reported 438,371 shares. Wade G W And Inc has 0.04% invested in Valley National Bancorp (NYSE:VLY). Thrivent For Lutherans, a Minnesota-based fund reported 59,653 shares. Hancock Co invested in 0.07% or 120,999 shares.

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services. The company has market cap of $4.21 billion. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions. It has a 24.28 P/E ratio. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.18, from 1.13 in 2017Q4. It dropped, as 72 investors sold CAT shares while 456 reduced holdings. 142 funds opened positions while 358 raised stakes. 390.42 million shares or 3.01% less from 402.55 million shares in 2017Q4 were reported. Tokio Marine Asset Management Limited holds 3,401 shares or 0.09% of its portfolio. Morgan Stanley invested in 3.77 million shares. Parkside Bank & Tru holds 0.15% in Caterpillar Inc. (NYSE:CAT) or 2,698 shares. State Of Alaska Department Of Revenue reported 69,886 shares or 0.21% of all its holdings. Bryn Mawr Trust Co holds 14,006 shares or 0.12% of its portfolio. Hbk Sorce Advisory Limited Com stated it has 0.1% in Caterpillar Inc. (NYSE:CAT). Carret Asset Llc has invested 0.06% in Caterpillar Inc. (NYSE:CAT). Taylor Asset Mgmt Inc owns 4,800 shares. Manchester Cap Management Ltd reported 0.1% in Caterpillar Inc. (NYSE:CAT). 3,500 were reported by Fuller Thaler Asset. Yhb Investment Advsr reported 1,637 shares. Affinity Invest Advisors Ltd Liability holds 0.63% or 36,777 shares. 1,850 are held by Novare Ltd Liability Com. State Of Wisconsin Inv Board has invested 0.29% in Caterpillar Inc. (NYSE:CAT). Da Davidson Communication has 0.13% invested in Caterpillar Inc. (NYSE:CAT).

Since January 30, 2018, it had 1 buying transaction, and 4 insider sales for $23.72 million activity. Pellette Thomas A sold 54,481 shares worth $8.18 million. CALHOUN DAVID L bought 5,000 shares worth $776,850. $705,496 worth of Caterpillar Inc. (NYSE:CAT) was sold by Creed Joseph E. 528 shares were sold by Long Suzette M, worth $84,723 on Tuesday, January 30.

Among 35 analysts covering Caterpillar Inc. (NYSE:CAT), 18 have Buy rating, 4 Sell and 13 Hold. Therefore 51% are positive. Caterpillar Inc. had 137 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Mixed” rating given on Monday, September 19 by OTR Global. The firm has “Buy” rating given on Friday, April 15 by Vertical Research. Jefferies maintained Caterpillar Inc. (NYSE:CAT) rating on Thursday, January 18. Jefferies has “Hold” rating and $165.0 target. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 17 report. The rating was initiated by Barclays Capital on Friday, September 25 with “Equal Weight”. The stock of Caterpillar Inc. (NYSE:CAT) earned “Hold” rating by BMO Capital Markets on Tuesday, June 20. On Thursday, December 17 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Buy” rating by Tigress Financial on Monday, October 30. On Thursday, May 11 the stock rating was upgraded by Bank of America to “Buy”. Seaport Global maintained Caterpillar Inc. (NYSE:CAT) on Wednesday, April 25 with “Buy” rating.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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