Voya Investment Management LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 273,351 shares of the industrial products company’s stock after selling 760 shares during the period. Voya Investment Management LLC’s holdings in Caterpillar were worth $34,527,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Bogart Wealth LLC increased its stake in Caterpillar by 15.0% during the 2nd quarter. Bogart Wealth LLC now owns 20,153 shares of the industrial products company’s stock valued at $2,746,000 after purchasing an additional 2,626 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Caterpillar by 27.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 131,267 shares of the industrial products company’s stock valued at $17,892,000 after purchasing an additional 28,579 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Caterpillar during the 2nd quarter valued at approximately $249,000. Krueger & Catalano Capital Partners LLC increased its stake in Caterpillar by 6.4% during the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 4,892 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 293 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its stake in Caterpillar by 19.0% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 5,751 shares of the industrial products company’s stock valued at $784,000 after purchasing an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.
In related news, insider Denise C. Johnson sold 14,777 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $140.00, for a total transaction of $2,068,780.00. Following the sale, the insider now directly owns 26,464 shares of the company’s stock, valued at $3,704,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise C. Johnson sold 68,993 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $146.37, for a total transaction of $10,098,505.41. Insiders have sold 95,141 shares of company stock worth $13,717,142 over the last three months. 0.37% of the stock is currently owned by insiders.
CAT stock opened at $144.73 on Friday. The firm’s fifty day simple moving average is $139.95 and its 200-day simple moving average is $129.85. The company has a market capitalization of $80.74 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. Caterpillar Inc. has a 12 month low of $111.75 and a 12 month high of $148.47.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.16). The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the company earned $2.86 earnings per share. As a group, sell-side analysts forecast that Caterpillar Inc. will post 10.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
Read More: How Do Front-End Loads Impact an Investment?
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.