Cummins Inc. $CMI Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC increased its stake in Cummins Inc. (NYSE:CMI) by 41.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,780 shares of the company’s stock after acquiring an additional 1,995 shares during the period. SlateStone Wealth LLC’s holdings in Cummins were worth $2,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMI. Norges Bank purchased a new stake in shares of Cummins during the 2nd quarter valued at $505,941,000. American Century Companies Inc. grew its position in Cummins by 138.8% during the second quarter. American Century Companies Inc. now owns 909,653 shares of the company’s stock valued at $297,912,000 after acquiring an additional 528,689 shares during the period. Bank of New York Mellon Corp increased its stake in Cummins by 50.8% during the third quarter. Bank of New York Mellon Corp now owns 1,450,659 shares of the company’s stock worth $612,715,000 after acquiring an additional 488,430 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Cummins by 5,158.9% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 435,960 shares of the company’s stock worth $142,777,000 after purchasing an additional 427,670 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Cummins by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 17,628,149 shares of the company’s stock valued at $5,773,219,000 after purchasing an additional 344,680 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Rumsey sold 4,570 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total value of $2,165,677.30. Following the completion of the transaction, the chief executive officer directly owned 42,880 shares of the company’s stock, valued at $20,320,403.20. This represents a 9.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brett Michael Merritt sold 1,450 shares of Cummins stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $489.32, for a total value of $709,514.00. Following the sale, 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 Stock Performance

Shares of NYSE CMI traded up $17.03 during mid-day trading on Friday, hitting $557.68. The company had a trading volume of 260,325 shares, compared to its average volume of 923,723. The stock has a market cap of $76.98 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.13 and a beta of 1.13. The firm’s 50 day simple moving average is $539.41 and its two-hundred day simple moving average is $459.65. 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 12 month low of $260.02 and a 12 month high of $617.98.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Cummins from $628.00 to $653.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Barclays raised their price target on shares of Cummins from $546.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Argus upped their price objective on shares of Cummins from $459.00 to $573.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Raymond James Financial raised Cummins from a “market perform” rating to an “outperform” rating and set a $585.00 target price on the stock in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. increased their price target on Cummins from $485.00 to $580.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Cummins presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.40.

Trending Headlines about Cummins

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

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.