Mn Services Vermogensbeheer B.V. Trims Holdings in Caterpillar Inc. (NYSE:CAT)

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,828 shares of the industrial products company's stock after selling 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Caterpillar were worth $76,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of Caterpillar by 17.2% in the first quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company's stock valued at $3,308,000 after acquiring an additional 1,327 shares during the period. Alpha Cubed Investments LLC lifted its position in Caterpillar by 5.6% during the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company's stock valued at $45,591,000 after purchasing an additional 6,212 shares during the last quarter. First Affirmative Financial Network bought a new stake in Caterpillar during the third quarter valued at approximately $204,000. Inspire Advisors LLC lifted its position in Caterpillar by 25.8% during the third quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company's stock valued at $3,233,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Caterpillar by 3.5% during the second quarter. Natixis Advisors LLC now owns 278,259 shares of the industrial products company's stock valued at $92,688,000 after purchasing an additional 9,321 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Activity

In other news, insider Cheryl H. Johnson sold 2,975 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO William E. Schaupp sold 968 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cheryl H. Johnson sold 2,975 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now directly owns 15,615 shares of the company's stock, valued at $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,128 shares of company stock worth $2,506,748. Corporate insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CAT shares. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research report on Thursday. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Bank of America lifted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $358.19.

Caterpillar Trading Down 0.8 %

NYSE:CAT traded down $3.11 during trading hours on Monday, hitting $376.52. The company had a trading volume of 1,792,112 shares, compared to its average volume of 2,620,341. The company has a market capitalization of $182.57 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The stock has a 50-day moving average price of $372.91 and a 200 day moving average price of $351.45. Caterpillar Inc. has a 52 week low of $233.57 and a 52 week high of $403.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.78.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business's revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 EPS. On average, equities research analysts predict that Caterpillar Inc. will post 21.82 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, October 21st. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.

About Caterpillar

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.