Csenge Advisory Group Has $1.85 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Csenge Advisory Group lowered its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,090 shares of the industrial products company's stock after selling 751 shares during the quarter. Csenge Advisory Group's holdings in Caterpillar were worth $1,847,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CAT. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the 3rd quarter valued at approximately $36,000. Albion Financial Group UT grew its stake in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 77 shares in the last quarter. Kimelman & Baird LLC grew its stake in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake in Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock valued at $7,226,584 in the last quarter. Corporate insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $2.05 during mid-day trading on Wednesday, hitting $351.96. The company had a trading volume of 1,229,771 shares, compared to its average volume of 2,366,717. The stock has a market cap of $169.92 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.88 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm's 50 day simple moving average is $370.89 and its two-hundred day simple moving average is $372.54.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.98 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar's payout ratio is currently 25.56%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday. StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price objective on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of "Hold" and a consensus price target of $383.80.

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.