ETFs Are Net Sellers of Caterpillar (CAT) on Oct. 28
This article first appeared on GuruFocus.
Thirty-two ETFs were buying Caterpillar (CAT) versus 13 selling on Wednesday, Oct. 28, yet the larger sellers left ETF flows at a net $19.0 million in selling. More funds traded the other way, but in smaller amounts. It was the second straight day of net selling for the stock, following $25.3 million on Tuesday. The two-day stretch came after net buying of $18.5 million on Monday and $53.6 million on Oct. 22.
Every ETF and guru trade in CAT is tracked on the CAT guru trades page.
Which ETFs sold CAT on Wednesday?
The largest sellers by dollar value were AVLV ($28.5 million), DIA ($12.7 million) and DFUS ($1.3 million). In all, 32 ETFs added shares and 13 cut them.
AVLV drove the move with a $28.5 million reduction, cutting its stake by 11.96% to 294,521 shares at a 0.96% weight. DIA shed $12.7 million, or 0.34% of its position, while holding 5,164,234 shares at an 8.08% weight. DFUS trimmed $1.3 million and DFAC $0.7 million, with smaller reductions from IWB, SPYM, GARP and JGRO. Caterpillar operates in the Industrials sector, in the Farm & Heavy Construction Machinery industry, with a market cap of $297.6 billion.
Have ETFs been buying or selling CAT lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
What does CAT do?
Caterpillar, with 2025 sales and revenues of $67.6 billion, is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
Caterpillar’s trailing-12-month revenue was $74.73 billion, up 21.5% over one year, with a gross margin of 32.8% and a net margin of 14.2%. The stock trades at a P/E of 27.85, a P/B of 15.34 and a P/S of 4.04, against a market cap of $297.6 billion. Its GF Score is 91, and GF Value of $469.00 compares with a price of $647.39. The dividend yield is 0.99%, and the year-to-date return is 13.97%.