Voya Investment Management LLC Acquires 3,072 Shares of Caterpillar Inc. $CAT

Key Points

• Voya Investment Management LLC increased its holdings in Caterpillar Inc. by 1.0%, bringing its total shares to approximately 300,786, valued at about $99.2 million.
• Caterpillar reported $4.72 EPS in its most recent earnings, missing expectations of $4.88, with a net margin of 14.95% and revenue of $16.57 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for Caterpillar, with target prices ranging from $357 to $520 per share.

Voya Investment Management LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,786 shares of the industrial products company's stock after buying an additional 3,072 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Caterpillar worth $99,199,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CAT. GAMMA Investing LLC lifted its holdings in Caterpillar by 43,447.3% during the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after purchasing an additional 3,721,693 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Caterpillar by 2,723.1% during the first quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock valued at $466,430,000 after purchasing an additional 1,364,183 shares in the last quarter. Nuveen LLC purchased a new position in Caterpillar during the first quarter valued at approximately $391,788,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock valued at $1,429,416,000 after purchasing an additional 312,878 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Caterpillar during the fourth quarter valued at approximately $108,958,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 3.1%

CAT stock traded up $13.82 during mid-day trading on Thursday, reaching $464.48. 2,087,993 shares of the stock traded hands, compared to its average volume of 2,732,577. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a one year low of $267.30 and a one year high of $466.61. The stock has a market capitalization of $217.60 billion, a PE ratio of 23.68, a PEG ratio of 2.68 and a beta of 1.41. The business has a 50-day moving average price of $422.81 and a two-hundred day moving average price of $367.22.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company's revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $5.99 EPS. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. Barclays boosted their target price on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $460.20.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,653 shares of company stock worth $8,943,642. Insiders own 0.33% of the company's stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.