Keating’s recent sales of Caterpillar and NXP Semiconductors shares from his IRA Via Investing.com

William R. Keating, the congressman representing Massachusetts’ 9th congressional district, recently made several transactions from his individual retirement account (IRA), according to the latest Congressional Trade Report.

Among the most notable transactions, Keating sold some of his holdings Caterpillar (NYSE:), Inc. Common Stock (NYSE:CAT) and NXP Semiconductors (NASDAQ:) NV – Common Stock (NASDAQ:NXPI). Both transactions were valued between $1,001 and $15,000.

In addition to the above, Keating partially sold his holdings in several corporate stocks, including Bank of America Corp (NYSE: ), Becton Dickinson (NYSE: ) & Co, Comcast Corp (NASDAQ: ), Elevance Health Inc, General Motors Co (NYSE:), JPMorgan Chase (NYSE:) & Co, Lowe’s Companies Inc (NYSE:), Meta Platforms Inc (NASDAQ:), Microsoft Corp (NASDAQ: ), PepsiCo (NASDAQ: ) Inc, T-Mobile USA Inc, Union Pacific Corp (NYSE: ) and Verizon Communications Inc (NYSE: ). Each of these transactions was valued between $1,001 and $15,000.

Interestingly, two transactions stood out with a higher value. Keating partially sold his holdings in a Comcast Corp. note valued at between $15,001 and $50,000. Additionally, he sold his United States Treasury Series C-2032 note, also valued between $15,001 and $50,000.

All trades were made on September 11, 2024 and were reported on September 23, 2024. These trades, according to the report, were made from the Keating IRA, an investment vehicle commonly used by individuals to allocate funds for retirement savings .

As investors closely monitor the financial activities of influential figures such as members of Congress, these trades by Keating provide useful information. However, as always, it is essential that investors do their own research and consider various factors before making investment decisions.

InvestingPro Insights

As William R. Keating adjusts his investment portfolio, Caterpillar, Inc.’s recent performance and outlook is worth noting. (NYSE:CAT), one of the stocks it sold. According to InvestingPro data, Caterpillar has a robust market capitalization of $183.7 billion and has demonstrated financial strength. The company’s P/E ratio is 17.2, reflecting a valuation that is attractive relative to near-term earnings growth, an observation that aligns with an InvestingPro Tip that highlights the company’s low P/E ratio against the backdrop of its earnings growth .

Investors looking for dividend reliability will find Caterpillar’s dividend history compelling, as the company has not only maintained dividend payments for 54 consecutive years, but has increased its dividend for 10 consecutive years. This consistency in rewarding shareholders is a testament to the company’s financial stability and commitment to returning value to its investors, a point that is underscored by two separate InvestingPro tips.

For those watching the stock’s performance, Caterpillar has delivered a strong return over the past three months, with a total price return of 16.0%. This robust short-term performance is part of a longer trend, as the company has also enjoyed high returns over the past decade. Caterpillar’s operating strength is further reflected in its gross profit margin of 32.72% for the trailing twelve months through Q2 2024, indicating a healthy ability to manage costs and sustain profitability.

For investors interested in a deeper dive into Caterpillar’s financials and performance, InvestingPro offers additional advice and information. There are currently 15 InvestingPro Tips available for Caterpillar, providing comprehensive analysis for those looking to make informed investment decisions.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.