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Despite missing earnings targets, Caterpillar's stock rises as institutional investors increase their stakes.
Institutional investors like Baird Financial Group have increased their stakes in Caterpillar Inc., despite the company's recent earnings not meeting analyst expectations.
Caterpillar's stock has seen a 3.4% rise in the first quarter, with a $1.51 quarterly dividend paid recently.
Analysts predict 19.86 EPS for the year.
The company manufactures construction and mining equipment and has received upgraded ratings from several analysts.
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A pesar de no alcanzar los objetivos de ganancias, las acciones de Caterpillar suben a medida que los inversores institucionales aumentan sus participaciones.