Csenge Advisory Group Buys 515 Shares of Caterpillar Inc. $CAT

Csenge Advisory Group increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,198 shares of the industrial products company’s stock after acquiring an additional 515 shares during the quarter. Csenge Advisory Group’s holdings in Caterpillar were worth $2,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Caterpillar during the 2nd quarter worth about $28,000. Compass Financial Services Inc increased its stake in Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 31 shares during the period. Family Legacy Financial Solutions LLC bought a new position in Caterpillar during the second quarter valued at about $32,000. Harbor Asset Planning Inc. bought a new position in Caterpillar during the second quarter valued at about $34,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Caterpillar during the second quarter valued at approximately $38,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. This represents a 25.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The stock was 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 in the company, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 55,985 shares of company stock worth $25,559,300. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 4.0%

CAT opened at $569.33 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.81 and a current ratio of 1.38. The firm has a market cap of $266.72 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.33 and a beta of 1.51. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The firm’s 50-day simple moving average is $486.22 and its 200-day simple moving average is $414.84.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.17 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Oppenheimer boosted their price target on shares of Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $588.94.

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.