Insider Selling: Cummins (NYSE:CMI) VP Sells $2,497,651.10 in Stock

Cummins Inc. (NYSE:CMI) VP Jennifer Mary Bush sold 4,270 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $584.93, for a total value of $2,497,651.10. Following the completion of the transaction, the vice president directly owned 15,130 shares of the company’s stock, valued at approximately $8,849,990.90. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cummins Price Performance

Shares of NYSE:CMI opened at $594.08 on Thursday. The firm has a market capitalization of $82.08 billion, a PE ratio of 28.95, a PEG ratio of 1.90 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. Cummins Inc. has a 1-year low of $260.02 and a 1-year high of $617.98. The business’s 50 day moving average is $563.23 and its 200-day moving average is $482.42.

Cummins (NYSE:CMI) last issued its earnings results on Thursday, February 5th. The company reported $5.81 EPS for the quarter, topping the consensus estimate of $5.17 by $0.64. The firm had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Cummins had a return on equity of 25.71% and a net margin of 8.44%.Cummins’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $5.16 earnings per share. Sell-side analysts predict that Cummins Inc. will post 22.54 earnings per share for the current year.

Cummins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Friday, February 20th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $8.00 dividend on an annualized basis and a yield of 1.3%. Cummins’s payout ratio is presently 38.99%.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Quarterly results beat: Cummins reported stronger-than-expected results in early February (EPS and revenue above consensus), supporting earnings momentum and valuation. MarketBeat CMI overview
• Positive Sentiment: Dividend confirmed: The company declared a quarterly dividend ($2.00; $8.00 annualized), which supports income investors and signals confidence in cash flow. MarketBeat CMI overview
• Positive Sentiment: Analyst support: Several brokerages have raised targets or reiterated buy/outperform views recently (Raymond James, Wells Fargo, Truist among them), which can help limit downside and attract buyers on dips. MarketBeat CMI overview
• Neutral Sentiment: Institutional positioning: Hedge funds and institutional ownership remain high (~83%); some funds have modestly increased stakes, indicating continued institutional interest but also potential for large blocks to influence trading. MarketBeat CMI overview
• Negative Sentiment: Insider selling — Amy Rochelle Davis sold 1,864 shares at ~$586.64 on Feb. 23 (reducing her stake ~9.5%), signaling personal liquidity-taking that may raise short-term selling pressure. Amy Davis sale
• Negative Sentiment: Insider selling — Donald G. Jackson sold 1,600 shares at ~$600.13 on Feb. 24 (about an 18% reduction in his holding), another VP sale that adds to near-term supply. Donald Jackson SEC filing
• Negative Sentiment: Additional insider sells — VP Earl Newsome (1,300 shares) and Jennifer Mary Bush (4,270 shares) also sold recently; the cluster of VP-level sales increases perceived near-term downside risk even though insiders often sell for personal reasons. Earl Newsome sale Jennifer Bush sale

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $675.00 price objective on shares of Cummins in a research note on Friday, February 6th. Argus set a $696.00 price target on Cummins in a research report on Tuesday, February 10th. Citigroup increased their price objective on Cummins from $580.00 to $630.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Cummins in a research note on Monday, December 29th. Finally, Wolfe Research lowered shares of Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 target price on the stock. in a report on Monday, January 26th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average target price of $588.93.

Institutional Trading of Cummins

Several large investors have recently made changes to their positions in CMI. Vanguard Group Inc. lifted its position in Cummins by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 17,746,775 shares of the company’s stock worth $9,058,841,000 after buying an additional 98,544 shares in the last quarter. State Street Corp raised its stake in shares of Cummins by 1.4% in the second quarter. State Street Corp now owns 6,539,191 shares of the company’s stock worth $2,141,585,000 after acquiring an additional 92,073 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cummins by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 3,584,466 shares of the company’s stock worth $1,822,534,000 after purchasing an additional 35,286 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Cummins by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 3,410,723 shares of the company’s stock valued at $1,741,004,000 after purchasing an additional 43,722 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 2,434,876 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

Cummins Company 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.