Livforsakringsbolaget Skandia, Omsesidigt 13F: Adds $4.3M to CAT Stake
Key Points
- Livforsakringsbolaget Skandia increased its Caterpillar Inc. holdings by 35.7% during the quarter, bringing its total stake to 20,062 shares valued at roughly $16.3 million.
- Caterpillar trades recently around $740.21, sitting well below its 52-week high of $1,073.46 and below its 50-day moving average.
- Wall Street maintains a consensus buy rating on the stock with an average price target of $945.76 ahead of upcoming earnings.
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Livforsakringsbolaget Skandia grew its stake in Caterpillar Inc. (NYSE:CAT) during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026. The institutional investor added 5,280 shares to its portfolio, representing a 35.7% increase from the previous period. That brought its total holding to 20,062 shares with a reported value of $16,266,069.
CAT
Caterpillar Inc.
What Changed in Livforsakringsbolaget Skandia's Caterpillar Position
The fund expanded its footprint in the heavy machinery maker by lifting its prior count of 14,782 shares up to 20,062 shares. This allocation shift values the institutional stake at over $16.2 million based on the period's market values.
Other Institutional Activity in Caterpillar
Other major institutional investors adjusted their positions in the heavy equipment manufacturer as well. State Farm Mutual Automobile Insurance Co reduced its holdings by 55,346 shares, ending with 14,509,304 shares worth about $10,373,063,985. Fisher Asset Management, LLC grew its holdings by 166,197 shares, ending with 9,942,521 shares worth about $7,108,156,704. Gates Foundation Trust kept its position unchanged, holding 6,353,614 shares valued at about $4,542,357,411.
Caterpillar Inc. Stock Down 1.3%
Caterpillar shares recently traded around $740.21 as of October 22, 2026, matching its closing price of $740.21 on the filing date. The stock currently trades below its 50-day moving average of $806.12 and below its 200-day moving average of $807.76. The equity sits well off its 52-week high of $1,073.46 while holding well above its 52-week low of $510.21.
Recent Earnings
Caterpillar reported trailing twelve-month revenues of $74,728,996,864 alongside trailing earnings of $23.23 per share. The company posted a net profit margin of 14.5% and a return on equity of 57.0%, with year-over-year revenue growth reaching 24.0%. The company's next earnings update is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 18.8%. Revenue beat estimates by 3.8%.
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Profit surprise
EBITDA beat by 32 percent. Operating income beat by 34 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 7 target raises.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Caterpillar had a strong first quarter with revenue of 17.4 billion dollars, up 22 percent from last year, and adjusted earnings per share of 5.54 dollars, beating consensus of 4.55 dollars. Backlog hit a record 63 billion dollars, with particularly strong demand for power generation equipment serving data centers. Management is investing aggressively in capacity expansion because customers are committing to long term orders for backup power, prime power, and gas compression applications across multiple industries.
Guidance Caterpillar raised its 2026 sales outlook to low double digit growth from expectations set in January. The company expects continued growth across all three segments driven by strong backlog and resilient end markets, especially in power generation for data centers. Management plans to expand large reciprocating engine capacity to nearly 3 times 2024 levels by 2030.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
The industrial giant pays an annual dividend rate of $6.52 per share, translating to a dividend yield of 0.88%. The payout ratio sits at 26.0% of earnings.
Insider Buying and Selling at Caterpillar Inc.
Company insiders executed several transactions prior to the filing. Officer William E Schaupp sold 360 shares on May 13, 2026, at an average price of $906.00 for a total value of $326,160. Officer Denise C. Johnson sold 6,196 shares on May 13, 2026, valued at $5,637,081, and later sold 12,605 shares on May 14, 2026, valued at $11,444,170. Chief Executive Officer Joseph E Creed sold 32,401 shares on August 28, 2026, for a total value of $26,211,764.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On August 11, 2026, Evercore ISI Group maintained its outperform rating while lowering its price target to $1,045.00. Freedom Broker upgraded the stock to a buy rating with a $980.00 target on September 10, 2026. Truist Securities maintained a buy rating on October 5, 2026, lowering its target to $1,100.00. Citigroup maintained a buy rating on October 12, 2026, with a target of $950.00, while Oppenheimer maintained an outperform rating with a target of $1,009.00 on October 14, 2026. Overall, the stock holds a consensus buy rating with a mean price target of $945.76 across 26 analyst opinions.
About Caterpillar Inc.
Caterpillar designs and manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The Irving, Texas-based industrial firm sells its machinery globally through a large dealer network, serving customers in infrastructure, resource industries, and energy sectors.
Bottom Line
Livforsakringsbolaget Skandia's increased stake reflects institutional interest in the heavy equipment sector. Investors will look toward the company's upcoming earnings report on October 29, 2026, for further clarity on profit margins and equipment demand.
Related Filing Alerts
Source: Livforsakringsbolaget Skandia, Omsesidigt's 13F filing on $CAT (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts