Wellington Management Group LLP Boosts Stock Holdings in Caterpillar Inc. $CAT

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Wellington Management Group LLP significantly increased its stake in Caterpillar Inc. (NYSE:CAT) by 3,949.8% in the third quarter, acquiring an additional 5,098,964 shares and now owning 5,228,058 shares valued at approximately $2.49 billion. This move comes as several other institutional investors also adjusted their positions in the industrial products company. Caterpillar recently reported strong quarterly earnings, surpassing analyst expectations with $5.16 EPS and $19.13 billion in revenue, and analysts project continued growth for the current fiscal year.

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