The average one-year price target for Caterpillar (SWX:CAT) has risen to CHF 596.87 per share, marking a 114.24% increase from CHF 278.59 estimated on February 23, 2024. Analysts project targets between CHF 336.08 and CHF 780.04, which represents an increase of 308.81% from the latest closing price of CHF 146.00.
Currently, 3,642 funds report positions in Caterpillar, a decrease of 477 owners (11.58%) from the last quarter. Total institutional shares owned declined by 10.20% to 328,888K shares. Notably, State Farm Mutual Automobile Insurance owns 17,431K shares (3.75% ownership), a slight decrease in shares but a 12.54% increase in portfolio allocation, while Bank of America’s holdings grew by 41.28% to 6,739K shares (1.45% ownership).
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