William R. Keating’s Recent IRA Transactions

William R. Keating, the congress member for Massachusetts’s 9th congressional district, recently executed multiple transactions from his Individual Retirement Account (IRA), as outlined in the latest congressional trade report.

Among the notable transactions, Keating sold portions of his holdings in:

• Caterpillar (NYSE: CAT)
• NXP Semiconductors (NASDAQ: NXPI)

Both sales were valued between $1,001 and $15,000.

Keating also partially liquidated several investments in corporate securities including those from:

• Bank of America Corp (NYSE: BAC)
• Becton Dickinson (NYSE: BDX) & Co
• Comcast Corp (NASDAQ: CMCSA)
• Elevance Health Inc
• General Motors Co (NYSE: GM)
• JPMorgan Chase (NYSE: JPM) & Co
• Lowe’s Companies Inc (NYSE: LOW)
• Meta Platforms Inc (NASDAQ: META)
• Microsoft Corp (NASDAQ: MSFT)
• PepsiCo (NASDAQ: PEP) Inc
• T-Mobile USA Inc
• Union Pacific Corp (NYSE: UNP)
• Verizon Communications Inc (NYSE: VZ)

Each of these transactions was valued between $1,001 and $15,000. Two transactions stood out, with values between $15,001 and $50,000:

• Partial sale of a Comcast Corp note;
• Sale of a United States Treasury Series C-2032 note.

All transactions were conducted on September 11, 2024, and reported on September 23, 2024. The trades were made from Keating’s IRA, typically used for retirement savings.

As investors closely monitor financial activities of public figures, Keating’s transactions offer insights. However, investors should always perform their own research before making decisions.

InvestingPro Insights

As William R. Keating adjusts his portfolio, the performance and outlook of Caterpillar, Inc. (NYSE:CAT)—one of the sold stocks—is noteworthy. According to InvestingPro:

• Caterpillar’s market capitalization is $183.7 billion.
• The current P/E ratio is 17.2, which suggests an attractive valuation compared to near-term earnings growth.

Caterpillar’s dividend reliability is especially notable, as the company has maintained payments for 54 consecutive years and raised dividends for 10 consecutive years. This reflects its financial stability and commitment to shareholders.

Over the last three months, Caterpillar has shown a strong return with a total price return of 16.0% and a high return over the past decade. The company’s gross profit margin for the last twelve months, as of Q2 2024, is 32.72%, indicating effective cost management and sustained profitability.

For investors looking for detailed insights on Caterpillar’s financials, InvestingPro includes 15 tips for comprehensive analysis to facilitate informed decision-making.

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