Cummins Inc. $CMI Shares Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC lifted its position in Cummins Inc. (NYSE:CMI) by 41.7% during the third quarter, Holdings Channel reports. The institutional investor owned 6,780 shares of the company’s stock after buying an additional 1,995 shares during the quarter. SlateStone Wealth LLC’s holdings in Cummins were worth $2,864,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMI. Stock Yards Bank & Trust Co. boosted its holdings in Cummins by 0.4% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,917 shares of the company’s stock worth $2,499,000 after buying an additional 24 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Cummins by 0.9% in the 3rd quarter. Whittier Trust Co. now owns 2,667 shares of the company’s stock worth $1,154,000 after acquiring an additional 24 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of Cummins by 2.9% during the third quarter. Howard Capital Management Inc. now owns 863 shares of the company’s stock worth $365,000 after purchasing an additional 24 shares during the period. BNP Paribas lifted its holdings in shares of Cummins by 1.8% during the second quarter. BNP Paribas now owns 1,422 shares of the company’s stock valued at $466,000 after purchasing an additional 25 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its position in Cummins by 3.2% during the third quarter. Bridges Investment Management Inc. now owns 845 shares of the company’s stock valued at $357,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jennifer Rumsey sold 4,570 shares of Cummins stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total transaction of $2,165,677.30. Following the completion of the sale, the chief executive officer directly owned 42,880 shares of the company’s stock, valued at $20,320,403.20. The trade was a 9.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brett Michael Merritt sold 1,450 shares of Cummins stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the transaction, the insider directly owned 9,271 shares in the company, valued at $4,536,485.72. The trade was a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.41% of the company’s stock.

Cummins Price Performance

Shares of NYSE:CMI traded up $17.03 during trading on Friday, reaching $557.68. The stock had a trading volume of 260,325 shares, compared to its average volume of 923,723. The stock has a market capitalization of $76.98 billion, a PE ratio of 28.90, a P/E/G ratio of 2.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.77 and a quick ratio of 1.11. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $617.98. The business’s 50-day moving average price is $539.41 and its 200 day moving average price is $459.65.

Cummins (NYSE:CMI) last announced its earnings results on Thursday, February 5th. The company reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.64. The company had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.09 billion. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $5.16 earnings per share. As a group, equities analysts predict that Cummins Inc. will post 22.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CMI has been the topic of several analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $475.00 target price on shares of Cummins in a research report on Friday, November 7th. Wolfe Research cut Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price target for the company. in a research report on Monday, January 26th. Citigroup boosted their price target on Cummins from $580.00 to $630.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. UBS Group set a $565.00 price objective on Cummins and gave the company a “neutral” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cummins in a research report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and an average target price of $526.40.

Cummins News Roundup

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Q4 beat — Cummins reported $5.81 EPS and $8.54B revenue, topping consensus and showing modest year‑over‑year revenue growth; that outperformance supports near‑term earnings credibility. CMI Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Power Systems strength — The Power Systems segment delivered margin/EBITDA improvement, helping lift consolidated adjusted EPS and partially offset weakness in Engines. Power Systems Unit Outperformance
• Neutral Sentiment: Accelera strategic review — Management recorded roughly $458M in charges tied to a review of the Accelera business but is also monetizing assets (data‑center sales), a mix of near‑term earnings headwinds and longer‑term portfolio action. Accelera Charge and Data-Center Monetization
• Neutral Sentiment: Regional update — Cummins India posted higher quarterly profit on lower expenses, showing pockets of operational resilience geographically. Cummins India Profit Rises
• Negative Sentiment: Guidance disappointment — Management issued FY‑2026 revenue guidance near $34.7B–$36.4B and lowered margin outlook (details cited by market reports), which investors interpreted as a setback for 2026 profitability and growth expectations; that guidance drove the stock decline. Guidance and Stock Reaction
• Negative Sentiment: Mixed takeaways and analyst caution — Post‑earnings commentary highlights solid cash‑flow generation but “mixed” results and the guidance/charges overshadowed positive metrics, prompting some analysts to reassess catalysts and near‑term estimates. Analyst Reaction: Mixed Results
• Negative Sentiment: Legal/settlement notice — A proposed class‑action settlement announcement was filed, a potential reputational/legal overhang investors will watch. Class Action Settlement Notice

About Cummins

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.