{"url":"https://newsforagent.com/news/2026-10-27/lundbergs-buys-sandvik-shares","markdown_url":"https://newsforagent.com/news/2026-10-27/lundbergs-buys-sandvik-shares.md","title":"Lundbergs Buys 1 Million Sandvik Shares for 348 Million Kronor","headline":"Lundbergs Lifts Sandvik Stake to 3.43% With 348 Million Kronor Share Purchase","description":"L E Lundbergföretagen bought 1.0 million Sandvik shares at an average of 348.33 kronor, lifting its holding to 43 million shares.","section":"Business","published_at":"2026-10-27T09:55:14+00:00","modified_at":"2026-10-27T09:55:14+00:00","author":"News Desk","key_takeaways":["Lundbergs bought 1.0 million Sandvik shares from October 23 to 26 at an average price of 348.33 kronor per share.","The transaction totaled 348.3 million kronor and was carried out on Nasdaq Stockholm.","Lundbergs held 43 million Sandvik shares as of September 28, equal to 3.43% of capital and voting rights."],"companies":[{"name":"Sandvik","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000g4z/sandvik","website":"https://www.home.sandvik"},{"name":"L E Lundbergföretagen","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000ba74/l-e-lundbergforetagen","website":"http://www.lundbergforetagen.se"}],"source":{"publisher":"MarketScreener","title":"Lundbergs buys Sandvik shares for 348 million kronor","url":"https://www.marketscreener.com/news/lundbergs-buys-sandvik-shares-for-348-million-kronor-ce785cddd88ef327"},"other_sources":[],"tags":["Business","Sandvik","L E Lundbergföretagen"],"body_markdown":"L E Lundbergföretagen bought 1.0 million shares in Sandvik from October 23 to 26 at an average price of 348.33 kronor per share, a transaction worth 348.3 million kronor, [MarketScreener](https://www.marketscreener.com/news/lundbergs-buys-sandvik-shares-for-348-million-kronor-ce785cddd88ef327) reported, citing the Swedish Financial Supervisory Authority's insider register. The purchase was executed on Nasdaq Stockholm.\n\n## Lundbergs Adds to Its Sandvik Holding\n\n[L E Lundbergföretagen](https://akta.pro/company-profiles/000ba74/l-e-lundbergforetagen) is a Swedish real estate and investment company and a major shareholder in Sandvik. The shares were bought at an average price of 348.33 kronor per share, for a total transaction value of 348.3 million kronor, according to the insider register.\n\nAs of September 28, Lundbergs held 43 million shares, corresponding to 3.43% of the capital and voting rights in Sandvik, according to ownership service Holdings. Lundbergs is the largest shareholder in Industrivärden, which in turn is Sandvik's largest shareholder.\n\nLundbergs reported second-quarter 2026 net income of SEK 6,571 million and earnings per share of SEK 26.49, Simply Wall St reported, with its share price up 11.02% over 90 days.\n\n## Sandvik's Mining and Tools Business\n\n[Sandvik](https://akta.pro/company-profiles/0000g4z/sandvik) is a Swedish engineering group founded in 1862 and headquartered in Stockholm, serving mining, rock processing and manufacturing customers with equipment, cutting tools, automation software and aftermarket services across more than 150 countries, according to akta.pro [company records](https://akta.pro/company-data). The same records list a global workforce of more than 42,000 and full-year 2025 revenue guidance of approximately 121 billion SEK.\n\n## Orders and Analyst Upgrades Before the Purchase\n\nOn October 23, Sandvik received an order from Northern Star Resources for 25 underground mining units for Western Australia, with deliveries starting June 2027, Mining Technology reported. The order includes 14 Toro LH621i loaders, 10 Toro TH663i trucks and one DD422i jumbo, operated by Northern Star Mining Services.\n\nAlso on October 23, Pareto and Nordea both raised their buy recommendations for Sandvik after its third-quarter report, MarketScreener reported. Pareto raised its price target to 400 kronor from 385, while Nordea raised it to 375 from 345.\n\nOn October 1, Mimir completed its acquisition of Sandvik's Osprey metal powder business, creating an independent advanced materials company with production sites in Wales and Sweden, VoxelMatters reported.\n\n## What Comes Next for Sandvik\n\nSandvik's third-quarter report is scheduled for release at 8:00 a.m., with a conference call at 10:00 a.m., MarketScreener reported. FactSet expects adjusted EBITA of SEK 8,265 million for the quarter, up from SEK 5,539 million a year earlier.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}