Lmcg Investments LLC Decreases Position in Cummins Inc. $CMI

Lmcg Investments LLC trimmed its holdings in Cummins Inc. (NYSE:CMI) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,594 shares of the company’s stock after selling 929 shares during the quarter. Cummins makes up about 1.0% of Lmcg Investments LLC’s portfolio, making the stock its 25th biggest position. Lmcg Investments LLC’s holdings in Cummins were worth $17,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC boosted its position in Cummins by 4.1% during the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock valued at $736,000 after acquiring an additional 83 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Cummins by 40.8% during the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock valued at $1,240,000 after purchasing an additional 1,146 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Cummins by 2.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock valued at $21,055,000 after purchasing an additional 1,759 shares during the last quarter. ICW Investment Advisors LLC purchased a new position in Cummins in the 2nd quarter worth $225,000. Finally, Osterweis Capital Management Inc. purchased a new position in Cummins in the 2nd quarter worth $31,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Wells Fargo raised its price target to $794 and moved to an “overweight” rating, implying meaningful upside versus recent levels. Cummins had its price target raised by Wells Fargo
• Positive Sentiment: JPMorgan increased its price target to $725 (from $600) — a notable upward revision even as the firm kept a “neutral” rating, providing additional analyst support for the stock. JPMorgan Chase & Co. Issues Positive Forecast for Cummins Benzinga PT note
• Positive Sentiment: Cummins beat Q1 estimates (EPS $6.15 vs. $5.63 consensus; revenue $8.40B vs. $8.37B) and lifted its full‑year revenue outlook — the combination of the beat and a higher company guide is a primary driver of upward price pressure. Zacks: Cummins Q1 beat Reuters: Cummins raises revenue outlook
• Neutral Sentiment: Cummins said Power Systems and data‑center power demand helped margins, offsetting weakness in Engine & Components — investors may view this as a positive diversification trend but with timing uncertainty. Zacks: Power Systems strength
• Neutral Sentiment: Management is refocusing the portfolio toward zero‑emission growth after a mixed quarter — a strategic positive long‑term, but it introduces near‑term execution and investment risks. Yahoo Finance: Cummins refocuses portfolio
• Negative Sentiment: Analysts and the earnings call flagged trucking/on‑highway weakness and some softness in Engine & Components — this is the main near‑term downside risk to margins and order trends. TipRanks: Lifts outlook despite trucking weakness

Cummins Trading Up 6.2%

CMI stock opened at $716.95 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Cummins Inc. has a 12-month low of $296.59 and a 12-month high of $717.33. The stock has a market cap of $99.05 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.13 and a beta of 1.27. The business’s 50-day moving average is $585.27 and its 200 day moving average is $541.64.

Cummins (NYSE:CMI) last issued 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 business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. During the same period in the previous year, the firm posted $5.96 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Cummins Inc. will post 26.05 EPS for the current fiscal year.

Cummins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $8.00 annualized dividend and a dividend yield of 1.1%. Cummins’s dividend payout ratio (DPR) is presently 38.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMI shares. Citigroup raised their target price on Cummins from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays restated an “overweight” rating and issued a $760.00 target price on shares of Cummins in a research note on Wednesday. Morgan Stanley lifted their price objective on Cummins from $675.00 to $752.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Zacks Research lowered Cummins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $649.47.

Insider Transactions at Cummins

In other news, Director William I. Miller sold 18,107 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total transaction of $10,811,689.70. Following the completion of the transaction, the director directly owned 34,243 shares of the company’s stock, valued at approximately $20,446,495.30. This trade represents a 34.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Earl Newsome sold 1,300 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $583.67, for a total transaction of $758,771.00. Following the completion of the transaction, the vice president directly owned 3,389 shares of the company’s stock, valued at approximately $1,978,057.63. This represents a 27.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,195 shares of company stock worth $18,397,489 over the last three months. 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.