Canandaigua National Bank & Trust Co. Purchases New Holdings in Cummins Inc. $CMI

Canandaigua National Bank & Trust Co. purchased a new position in shares of Cummins Inc. (NYSE:CMI) during the second quarter, Holdings Channel reports. The firm purchased 3,853 shares of the company’s stock, valued at approximately $2,748,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Valmark Advisers Inc. raised its holdings in Cummins by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 877 shares of the company’s stock valued at $472,000 after acquiring an additional 16 shares in the last quarter. Guardian Partners Inc. increased its position in shares of Cummins by 1.0% in the first quarter. Guardian Partners Inc. now owns 1,584 shares of the company’s stock worth $852,000 after purchasing an additional 16 shares during the period. Nicolet Advisory Services LLC increased its position in shares of Cummins by 1.6% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,101 shares of the company’s stock worth $619,000 after purchasing an additional 17 shares during the period. Uhlmann Price Securities LLC raised its stake in Cummins by 2.4% in the first quarter. Uhlmann Price Securities LLC now owns 717 shares of the company’s stock valued at $386,000 after purchasing an additional 17 shares in the last quarter. Finally, Financial Consulate Inc. lifted its position in Cummins by 16.8% during the fourth quarter. Financial Consulate Inc. now owns 125 shares of the company’s stock worth $64,000 after purchasing an additional 18 shares during the period. Institutional investors own 83.46% of the company’s stock.

Cummins Stock Performance

NYSE:CMI opened at $637.42 on Wednesday. Cummins Inc. has a twelve month low of $364.14 and a twelve month high of $737.76. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $669.66 and its 200 day simple moving average is $624.04. The firm has a market capitalization of $87.96 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Cummins (NYSE:CMI) last issued its earnings results on Tuesday, August 4th. The company reported $6.73 EPS for the quarter, missing the consensus estimate of $7.21 by ($0.48). The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.43 EPS. On average, analysts anticipate that Cummins Inc. will post 29.39 EPS for the current fiscal year.

Cummins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be given a dividend of $2.20 per share. The ex-dividend date is Friday, August 21st. This represents a $8.80 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio is currently 41.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMI. Raymond James Financial increased their price objective on shares of Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $700.00 target price on shares of Cummins in a research report on Wednesday, May 6th. Argus upped their price target on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Barclays increased their price target on shares of Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Cummins currently has a consensus rating of “Moderate Buy” and a consensus target price of $740.07.

Insider Buying and Selling at Cummins

In related news, CAO Nicole Lamb-Hale sold 2,408 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were 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 of the company’s stock, valued at $9,652,328.56. This represents a 14.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Donald G. Jackson sold 730 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $710.92, for a total transaction of $518,971.60. Following the completion of the sale, the vice president owned 8,316 shares in the company, valued at $5,912,010.72. This represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,579 shares of company stock worth $9,377,684 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Cummins reported second-quarter revenue of approximately $9.46 billion, ahead of the $9.33 billion consensus estimate and up 9.4% year over year. The company cited record demand for standby power used by data centers and improving North American truck markets. Cummins Reports Strong Second Quarter 2026 Results; Raises Full-Year Outlook
• Positive Sentiment: The company raised its full-year 2026 outlook and provided revenue guidance of $37 billion to $38 billion, broadly consistent with analysts’ expectations. Management’s comments suggest continued momentum from data-center infrastructure spending and commercial vehicle demand. Cummins Raises Outlook as Profit, Sales Climb
• Negative Sentiment: Adjusted earnings were reported at roughly $6.73 to $6.94 per share, depending on the source, below consensus estimates ranging from $7.21 to $7.33. The earnings miss appears to have outweighed the revenue beat and raised guidance, increasing concern about margins and near-term profitability. Cummins misses quarterly profit estimates despite strong generator demand

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.