Shares of Caterpillar (NYSE:CAT) were the recipient of a large drop in short interest in January. As of March 31st, there was short interest totalling 24,940,659 shares, a drop of 28.0% from the March 14th total of 34,629,924 shares, Analyst Ratings Net reports. Based on an average daily volume of 5,773,788 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.9% of the shares of the stock are sold short. Caterpillar Inc. (NYSE:CAT) shares after opening at $102.78 moved to $104.14 on last trade day and at the end of the day closed at $103.69. Company price to sales ratio in past twelve months was calculated as 1.19 and price to cash ratio as 10.88. Caterpillar Inc. (NYSE:CAT) showed a positive weekly performance of 1.48%.
United Technologies Co. (NYSE:UTX) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.65-6.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.83, AmericanBankingNews.com reports. United Technologies Corporation (NYSE:UTX) shares advanced 0.75% in last trading session and ended the day on $119.19. UTX return on equity ratio is recorded as 20.10% and its return on assets is 6.40%. United Technologies Corporation (NYSE:UTX) yearly performance is 30.05%.
Investors in Raytheon Co. (NYSE: RTN) saw new options for the June 21st expiration. At Stock Options Channel, our Yield Boost formula has looked up and down the RTN options chain for the new June 21st contracts and identified one put and one call contract of particular interest. Raytheon Company (NYSE:RTN) shares moved down -1.94% in last trading session and was closed at $99.50, while trading in range of $ 99.46 – 102.33. Raytheon Company (NYSE:RTN) year to date (YTD) performance is 10.38%.
3M Company (NYSE:MMM) is scheduled to report first-quarter 2014 results before the opening bell on Apr 24, 2014. In the last-reported quarter, 3M delivered a positive earnings surprise of 2.50%. Let’s see how things are shaping up for this quarter. 3M Co (NYSE:MMM) weekly performance is 138.89%. On last trading day company shares ended up $4.31. 3M Co (NYSE:MMM) distance from 50-day simple moving average (SMA50) is 4.27%. Analysts mean target price for the company is 141.19.
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