Voya Investment Management LLC Sells 760 Shares of Caterpillar Inc. (NYSE:CAT)

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.

A number of brokerages have issued reports on CAT. Cleveland Research restated a “hold” rating on shares of Caterpillar in a research note on Monday, September 30th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America upped their price target on shares of Caterpillar from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group cut their price target on shares of Caterpillar to $110.00 and set a “sell” rating on the stock in a research note on Thursday, October 24th. Finally, Stephens began coverage on shares of Caterpillar in a report on Wednesday, August 14th. They issued an “underweight” rating and a $100.00 price objective on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $139.46.

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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