What Will This Upgrade Mean For Caterpillar’s Top Institutional Shareholders?

Caterpillar (NYSE:CAT): JPMorgan (NYSE:JPM) has raised its price target on Caterpillar to $100, and has upgraded the shares to Overweight following a weak quarterly report from the company. The firm believes that the downside has already been priced into the stock.

These institutional firms indicated owning shares of Caterpillar Inc. in Q1 2013. They reported owning a total of 95.614 million shares on 03/31/2013. The shares closed at $86.41 on 03/31/2013.

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Here are the ten largest positions in Caterpillar Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 33,563,714 shares on 03/31/2013 worth $2,919,036,248. This brought the portfolio total to 0.32%.

Blackrock Institutional Trust Company N.A. held 17,283,613 shares on 03/31/2013 worth $1,503,155,844. This brought the portfolio total to 0.31%.

Bank of New York Mellon Corp. held 10,053,520 shares on 03/31/2013 worth $874,354,647. This brought the portfolio total to 0.28%.

Blackrock Fund Advisors held 5,796,407 shares on 03/31/2013 worth $504,113,524. This brought the portfolio total to 0.19%.

Blackrock group Ltd held 4,339,822 shares on 03/31/2013 worth $377,434,325. This brought the portfolio total to 0.28%.

Blackrock Advisors LLC held 3,042,519 shares on 03/31/2013 worth $264,607,881. This brought the portfolio total to 0.27%.

Blackrock Investment Management LLC held 2,010,320 shares on 03/31/2013 worth $174,837,533. This brought the portfolio total to 0.3%.

Alliancebernstein L.P. held 1,769,497 shares on 03/31/2013 worth $153,893,156. This brought the portfolio total to 0.17%.

Blackrock Inc. held 1,510,212 shares on 03/31/2013 worth $131,343,139. This brought the portfolio total to 0.25%.

Stralem & Co Inc. held 1,219,666 shares on 03/31/2013 worth $106,074,354. This brought the portfolio total to 3.06%.

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