Brookstone Capital Management Cuts Stake in Caterpillar Amid Record Earnings
Brookstone Capital Management, a financial institution, reduced its stake in Caterpillar Inc. (NYSE:CAT) by selling 22,324 shares in the second quarter.
The company's holdings in Caterpillar were worth $40,782,000 as of its most recent filing with the Securities & Exchange Commission.
This move comes amidst a backdrop of strong performance from Caterpillar, which reported record quarterly earnings and revenue growth of 23.7% year-over-year.