Meiji Yasuda Asset Management Co Ltd. Raises Stock Holdings in Cummins Inc. $CMI

Meiji Yasuda Asset Management Co Ltd. grew its stake in Cummins Inc. (NYSE:CMI) by 301.4% during the 4th quarter, Holdings Channel reports. The fund owned 14,351 shares of the company’s stock after acquiring an additional 10,776 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cummins were worth $7,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Cummins by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 17,746,775 shares of the company’s stock valued at $9,058,841,000 after acquiring an additional 98,544 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Cummins by 2.8% in the third quarter. Fisher Asset Management LLC now owns 3,367,001 shares of the company’s stock valued at $1,422,121,000 after acquiring an additional 91,956 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cummins by 10,317.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after acquiring an additional 2,434,876 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cummins by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,537,347 shares of the company’s stock valued at $649,280,000 after acquiring an additional 7,372 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Cummins by 4.5% in the third quarter. Raymond James Financial Inc. now owns 1,515,473 shares of the company’s stock valued at $640,090,000 after acquiring an additional 64,822 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

More Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks Research raised earnings estimates across multiple future periods for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while keeping a Strong-Buy rating. Higher profit forecasts typically support a stronger valuation.
• Positive Sentiment: Cummins also said at its investor day that it is raising 2030 financial targets and investing in large-engine capacity and product development, signaling confidence in longer-term growth and profitability. Article
• Positive Sentiment: A Barron’s report highlighted that CEO Jennifer Rumsey is positioning Cummins to benefit from the AI/datacenter buildout, which may improve investor sentiment around future demand. Article
• Neutral Sentiment: Seeking Alpha posted an Analyst/Investor Day slideshow, which mainly reiterates the company’s strategy and is less likely to be a direct stock-moving catalyst. Article
• Negative Sentiment: A separate Business Wire item said a Delaware jury found Cummins liable for misappropriating C3 AI trade secrets. While the market appears more focused on the bullish growth updates, the legal ruling could still create risk or headline pressure. Article

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wolfe Research downgraded Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price objective on the stock. in a research report on Monday, January 26th. Robert W. Baird set a $700.00 price objective on Cummins in a research report on Wednesday, May 6th. Sanford C. Bernstein set a $600.00 price objective on Cummins and gave the company a “market perform” rating in a research report on Friday, February 6th. Zacks Research upgraded Cummins from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Truist Financial set a $815.00 target price on Cummins in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Cummins presently has an average rating of “Moderate Buy” and an average target price of $677.87.

Cummins Stock Performance

NYSE CMI opened at $638.16 on Friday. The business’s 50-day moving average price is $610.34 and its 200 day moving average price is $561.99. Cummins Inc. has a twelve month low of $307.90 and a twelve month high of $718.08. The company has a market capitalization of $88.06 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

Cummins (NYSE:CMI) last released its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same period in the prior year, the business posted $5.96 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that Cummins Inc. will post 28.39 earnings per share for the current year.

Cummins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is 41.52%.

Insider Buying and Selling

In other news, VP Donald G. Jackson sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $600.13, for a total value of $960,208.00. Following the transaction, the vice president directly owned 7,214 shares in the company, valued at $4,329,337.82. This trade represents a 18.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Nicole Lamb-Hale sold 2,408 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $685.34, for a total value of $1,650,298.72. Following the completion of the transaction, the chief accounting officer owned 14,084 shares in the company, valued at approximately $9,652,328.56. This trade represents a 14.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,397 shares of company stock worth $14,465,833. Corporate insiders own 0.30% of the company’s stock.

Cummins Profile

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.