Aigen Investment Management LP Buys New Shares in Caterpillar Inc. (NYSE:CAT)

Aigen Investment Management LP acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,037 shares of the industrial products company's stock, valued at approximately $1,579,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Bbjs Financial Advisors LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth about $28,000. Financial Connections Group Inc. acquired a new position in Caterpillar during the 2nd quarter worth approximately $28,000. Fairscale Capital LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new position in Caterpillar in the 3rd quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC increased its position in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 108 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CAT shares. Evercore ISI reduced their price target on shares of Caterpillar from $338.00 to $321.00 and set an "in-line" rating for the company in a report on Monday, August 19th. Barclays boosted their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 7th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Finally, Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $362.40.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the acquisition, the director now directly owns 2,842 shares of the company's stock, valued at $962,272.78. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Daniel M. Dickinson sold 1,300 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the sale, the director now owns 4,976 shares of the company's stock, valued at approximately $2,079,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 23,749 shares of company stock worth $9,251,912 in the last three months. 0.29% of the stock is owned by company insiders.

Caterpillar Trading Down 0.9 %

Shares of CAT traded down $3.46 during midday trading on Tuesday, reaching $393.08. The company had a trading volume of 1,737,171 shares, compared to its average volume of 2,624,332. Caterpillar Inc. has a 1-year low of $238.88 and a 1-year high of $418.50. The stock has a market cap of $189.78 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.10. The firm has a 50 day simple moving average of $377.62 and a 200-day simple moving average of $353.01. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

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 analysts' consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.52 earnings per share. Research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors 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 yield of 1.43%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar's dividend payout ratio (DPR) is 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.