Will Caterpillar’s Decline Prediction Anger These Top Institutional Shareholders?

The sovereign debt crisis in Europe and the comparatively slower growth in China are likely to extract a toll from first-quarter results from companies that are heavily dependent on their foreign operations for generating profits. Caterpillar (NYSE:CAT), the number one construction equipment maker in the world, is expected to report its second consecutive fall in quarterly profit, the first time this has happened after 2009. Its operations have been affected by the budget imbroglio in the U.S., the cool-off in the Chinese economy, and the recession across Europe, forcing it to cut inventory and implement layoffs. Analysts expect that first-quarter earnings per share may decline by 40 percent to $1.42, following a global decline of 13 percent in machinery sales during the three months ended February.

These institutional firms indicated owning shares of Caterpillar in Q1 2013. They reported owning a total of 970,689 shares on 03/31/2013. The shares closed at $86.97 on 03/31/2013.

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

Shell Asset Management held 198,052 shares on 03/31/2013 worth $12,701,000. This brought the portfolio total to 0.01%.

Mizuho Securities USA held 189,324 shares on 03/31/2013 worth $16,466,000. This brought the portfolio total to 0.93%.

Huntington National Bank held 161,772 shares on 03/31/2013 worth $14,070,000. This brought the portfolio total to 0.33%.

First Citizens Bank & Trust held 61,787 shares on 03/31/2013 worth $5,374,000. This brought the portfolio total to 0.17%.

Neville Rodie & Shaw held 57,361 shares on 03/31/2013 worth $4,988,000. This brought the portfolio total to 0.59%.

Washington Trust Bank held 35,609 shares on 03/31/2013 worth $3,097,000. This brought the portfolio total to 0.97%.

Central Bank & Trust held 29,068 shares on 03/31/2013 worth $2,528,000. This brought the portfolio total to 1.23%.

BB&T Corp held 28,840 shares on 03/31/2013 worth $2,508,000. This brought the portfolio total to 0.1%.

Navellier & Associates held 28,644 shares on 03/31/2013 worth $2,491,000. This brought the portfolio total to 0.07%.

B & T Capital Management DBA Alpha Capital Management held 27,899 shares on 03/31/2013 worth $2,426,000. This brought the portfolio total to 2.31%.

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