Cummins Inc. $CMI Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Cummins Inc. (NYSE:CMI) by 3.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 440,623 shares of the company’s stock after acquiring an additional 14,880 shares during the period. HighTower Advisors LLC’s holdings in Cummins were worth $186,165,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMI. Vanguard Group Inc. lifted its holdings in shares of Cummins by 2.0% during the second 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 during the last quarter. State Street Corp raised its holdings in Cummins by 1.4% during the 2nd quarter. State Street Corp now owns 6,539,191 shares of the company’s stock worth $2,141,585,000 after buying an additional 92,073 shares during the period. Geode Capital Management LLC lifted its stake in Cummins by 1.3% during the second quarter. Geode Capital Management LLC now owns 3,499,240 shares of the company’s stock valued at $1,141,138,000 after buying an additional 43,720 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Cummins by 4.5% in the second quarter. Fisher Asset Management LLC now owns 3,275,045 shares of the company’s stock worth $1,072,578,000 after buying an additional 142,058 shares during the period. Finally, Norges Bank purchased a new position in shares of Cummins in the second quarter worth approximately $505,941,000. 83.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMI. Wolfe Research downgraded shares of 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. Argus set a $696.00 target price on Cummins in a report on Tuesday. UBS Group set a $565.00 price target on Cummins and gave the company a “neutral” rating in a report on Friday, February 6th. Wall Street Zen raised Cummins from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Truist Financial restated a “buy” rating and set a $703.00 price objective (up from $653.00) on shares of Cummins in a research report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $588.93.

Insider Activity

In related news, insider Brett Michael Merritt sold 1,450 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total value of $709,514.00. Following the completion of the sale, the insider directly owned 9,271 shares in the company, valued at approximately $4,536,485.72. The trade was a 13.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William I. Miller sold 18,107 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total value of $10,811,689.70. Following the transaction, the director owned 34,243 shares in the company, valued at approximately $20,446,495.30. This trade represents a 34.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.41% of the stock is owned by company insiders.

Cummins Trading Up 2.0%

Shares of NYSE CMI opened at $600.30 on Friday. The business has a 50 day simple moving average of $549.99 and a 200 day simple moving average of $469.98. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $617.98. The stock has a market cap of $82.94 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.76.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $5.81 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.64. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.09 billion. Cummins had a net margin of 8.44% and a return on equity of 25.71%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 earnings per share. On average, research analysts predict that Cummins Inc. will post 22.54 earnings per share for the current fiscal year.

Cummins Dividend Announcement

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

Trending Headlines about Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks and MSN pieces highlight Cummins as a long‑term growth name—citing durable aftermarket, electrification and service revenue tailwinds that support higher earnings visibility. Why Cummins (CMI) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Zacks also profiles CMI as a strong momentum stock—technical strength and recent earnings upside are cited as reasons momentum investors favor the name. Here’s Why Cummins (CMI) is a Strong Momentum Stock
• Positive Sentiment: MSN feature articles present Cummins as both a top growth and top value pick for long‑term investors, reinforcing buyside interest across styles. MSN Growth Article MSN Value Article
• Positive Sentiment: Brokerage coverage aggregate is favorable—Cummins carries an average recommendation of “Moderate Buy,” which supports demand from institutional investors. Average Recommendation: Moderate Buy
• Neutral Sentiment: An earnings‑call recap (top 5 analyst questions) provides detail on management’s outlook and execution priorities; useful for gauging forward guidance but not an immediate catalyst. Earnings Call Q&A
• Negative Sentiment: Director William I. Miller sold ~18,107 shares (~34.6% reduction in his position) at ~$597 each—insider selling can be read negatively by some investors even though it may be routine. SEC Filing: Insider Sale
• Negative Sentiment: Halper Sadeh LLC has issued an outreach encouraging shareholders to contact them—suggests potential shareholder litigation or activism, which could be a distraction or cost overhang. Halper Sadeh Notice
• Negative Sentiment: TipRanks notes heightened risk from trade tensions (tariffs, sanctions, supply‑chain disruption) that could pressure margins and global sales—an important macro risk to monitor. TipRanks: Trade Tensions

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.