NLB Skladi, upravljanje premozenja, d.o.o. 13F: Cuts CAT Stake by $1.2M
Key Points
- NLB Skladi reported a 6.8% reduction in its Caterpillar Inc. stake, leaving the firm with 20,264 shares valued at about $16.4 million.
- Caterpillar pays an annual dividend of $6.52 per share, yielding 0.88% with a payout ratio of 26.0%.
- The heavy machinery giant has trailing twelve month earnings of $23.23 per share and prepares to report earnings on October 29, 2026.
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NLB Skladi, upravljanje premozenja, d.o.o. reduced its stake in Caterpillar Inc. NYSE:CAT by 6.8% during the third quarter, according to a Form 13F filing disclosed on October 22, 2026. The institutional investor sold 1,473 shares of the heavy equipment maker, leaving it with 20,264 shares worth approximately $16.4 million.
CAT
Caterpillar Inc.
What Changed in NLB Skladi's Caterpillar Position
The fund cut its holdings from 21,237 prior shares down to 20,264 shares by the end of the period. The remaining stake carried a reported value of $16,429,849 based on the filing details. Caterpillar shares closed at $704.05 on the filing date.
Other Institutional Activity in Caterpillar
Other institutional investors adjusted their positions around the same time. Symphony Financial grew its holdings by 1,652 shares, ending with 3,751 shares worth about $3.1 million. Livforsakringsbolaget Skandia boosted its Caterpillar stake by 5,280 shares, ending with 20,062 shares valued at about $16.3 million. Meanwhile, Foster Group trimmed its position by 782 shares to hold 1,738 shares worth about $1.4 million. Mirae Asset Securities and ASR Vermogensbeheer N.V. completely exited their positions, selling 16,054 shares and 61,741 shares respectively.
Caterpillar Inc. Stock Down 3.0%
The heavy machinery stock recently traded around $703.81 as of October 23, 2026. Shares sit below both their 50-day moving average of $806.12 and their 200-day moving average of $807.76. The stock has traded in a 52-week range between $510.21 and $1,073.46.
Recent Earnings
Caterpillar generated $74.7 billion in trailing twelve month revenue with a net profit margin of 14.5%. The company posted trailing twelve month earnings of $23.23 per share and a return on equity of 57.0%. The machinery manufacturer is scheduled to release its next financial results on 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
Caterpillar distributes an annual dividend of $6.52 per share, which translates to a dividend yield of 0.88%. The company's dividend payout ratio sits at 26.0%, showing that roughly a quarter of its earnings go toward shareholder payouts.
Insider Buying and Selling at Caterpillar Inc.
Company insiders made several purchases earlier in the year. Chief Financial Officer Kyle Joseph Epley bought 6 shares on June 26, 2026, at an average price of $997.47 for a total of $5,984.82. Group President Jason Kaiser picked up 5 shares on the same day at $997.47 per share, totaling $4,987.35. Chief Executive Officer Joseph Creed acquired 16 shares on June 26, 2026, at $997.47 per share for a total value of $15,959.52. Additionally, David Maclennan purchased 22 shares on June 30, 2026, at $1,055.33 per share, totaling $23,217.26.
Analysts Set New Price Targets
Wall Street firms have updated their views on the stock in recent months. Evercore ISI Group maintained an Outperform rating on August 11, 2026, while lowering its price target to $1045.0 from $1103.0. Freedom Broker upgraded the stock to a Buy rating with a $980.0 price target on September 10, 2026. Truist Securities kept a Buy rating on October 5, 2026, while adjusting its target to $1100.0 from $1225.0. Citigroup maintained a Buy rating and set a $950.0 price target on October 12, 2026. Oppenheimer kept an Outperform rating on October 14, 2026, with a price target of $1009.0. Analysts carry a consensus Buy rating on the stock with a mean price target of $945.76 across 26 opinions.
About Caterpillar
Caterpillar designs and builds heavy equipment for construction and mining operations, alongside off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Headquartered in Irving, Texas, the industrial stalwart employs 118,000 workers globally and serves customers across infrastructure, energy, and transportation sectors.
Bottom Line
Investors will look toward Caterpillar's upcoming earnings release on October 29, 2026, for fresh details on machinery demand and operational margins. Institutional filing updates will continue to track how large asset managers adjust their exposure to the industrial leader.
Related Filing Alerts
Source: NLB Skladi, upravljanje premozenja, d.o.o.'s 13F filing on $CAT (Oct 22, 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