Aljian Capital Management LLC Buys 3,711 Shares of Caterpillar Inc. (NYSE:CAT)

Aljian Capital Management LLC raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 168.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,911 shares of the industrial products company's stock after purchasing an additional 3,711 shares during the period. Caterpillar makes up approximately 0.5% of Aljian Capital Management LLC's holdings, making the stock its 25th biggest position. Aljian Capital Management LLC's holdings in Caterpillar were worth $2,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake 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 last quarter. Alpha Cubed Investments LLC raised its stake in shares of Caterpillar by 5.6% in the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company's stock worth $45,591,000 after acquiring an additional 6,212 shares during the last quarter. First Affirmative Financial Network acquired a new stake in shares of Caterpillar in the 3rd quarter valued at $204,000. Inspire Advisors LLC boosted its holdings in Caterpillar by 25.8% in the third quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company's stock valued at $3,233,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Jackson Square Capital LLC grew its holdings in Caterpillar by 33.7% during the 3rd quarter. Jackson Square Capital LLC now owns 16,581 shares of the industrial products company's stock worth $6,485,000 after acquiring an additional 4,182 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

CAT stock traded up $0.46 on Monday, hitting $384.53. The company had a trading volume of 1,626,166 shares, compared to its average volume of 2,609,400. The stock has a market cap of $185.65 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.90 and a beta of 1.10. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock's 50-day simple moving average is $381.86 and its 200 day simple moving average is $354.37. Caterpillar Inc. has a 12-month low of $241.81 and a 12-month high of $418.50.

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 (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the firm posted $5.52 EPS. The business's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar's payout ratio is presently 26.15%.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares of the company's stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,749 shares of company stock worth $9,251,912 in the last quarter. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAT shares. Truist Financial increased their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research note on Thursday, October 31st. Finally, Barclays raised their price target on Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $365.33.

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.