Hills Bank & Trust Co. Takes Position in Caterpillar Inc. (CAT)

Hills Bank & Trust Co. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the first quarter, HoldingsChannel.com reports. The fund purchased 2,216 shares of the industrial products company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Loeb Partners Corp bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $25,000. Clarfeld Financial Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Bartlett & Co. LLC raised its position in shares of Caterpillar by 150.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Paragon Capital Management LLC bought a new stake in shares of Caterpillar in the first quarter valued at approximately $40,000. Finally, PRW Wealth Management LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $43,000. 67.07% of the stock is currently owned by institutional investors.

CAT stock opened at $143.36 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60. The company has a market capitalization of $82.51 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.75 and a beta of 1.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $14.36 billion. During the same period in the prior year, the firm earned $2.16 EPS. Caterpillar’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that Caterpillar Inc. will post 12.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $0.86 dividend. The ex-dividend date is Thursday, April 18th. This represents a $3.44 dividend on an annualized basis and a yield of 2.40%. Caterpillar’s dividend payout ratio is presently 30.66%.

Several analysts have recently issued reports on the stock. Standpoint Research raised shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price target on the stock in a research report on Wednesday, December 26th. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Tuesday, April 2nd. UBS Group set a $154.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. OTR Global cut shares of Caterpillar to a “positive” rating in a research note on Friday, February 15th. Finally, Credit Suisse Group reduced their price objective on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a research note on Friday, January 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $146.71.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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