Caterpillar Inc. $CAT Stock Position Raised by Voya Investment Management LLC

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

Other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the 4th quarter valued at about $33,000. Compass Financial Services Inc grew its position in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock valued at $31,000 after buying an additional 31 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $36,000. Mattson Financial Services LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $39,000. Finally, Curat Global LLC bought a new stake in shares of Caterpillar during the 1st quarter valued at about $33,000. Institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 0.1%

Caterpillar stock opened at $431.10 on Friday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $441.15. The stock has a market capitalization of $201.96 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. The firm has a 50 day simple moving average of $420.04 and a 200-day simple moving average of $365.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays upped their target price on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Melius upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Robert W. Baird decreased their target price on shares of Caterpillar from $500.00 to $495.00 and set an "outperform" rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $457.20.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman directly owned 482,505 shares of the company's stock, valued at $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider directly owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,653 shares of company stock valued at $8,943,642 over the last ninety days. Insiders own 0.33% of the company's stock.

Caterpillar 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.

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