Simon Quick Advisors LLC Raises Stock Holdings in Caterpillar Inc. $CAT

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Simon Quick Advisors LLC significantly increased its stake in Caterpillar Inc. during the fourth quarter, now holding 5,434 shares valued at $3.11 million. Other major institutional investors like Wellington Management, Massachusetts Financial Services, and Vanguard also boosted their positions, contributing to institutional investors owning 70.98% of the company’s stock. Caterpillar reported strong quarterly earnings, beating analyst estimates, and analysts anticipate continued growth, albeit with the stock trading at a relatively high valuation.

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