First Citizens Financial Corp Lowers Stake in Cummins Inc. $CMI

First Citizens Financial Corp trimmed its position in Cummins Inc. (NYSE:CMI) by 20.5% during the second quarter, HoldingsChannel.com reports. The firm owned 4,566 shares of the company’s stock after selling 1,174 shares during the quarter. Cummins comprises 1.4% of First Citizens Financial Corp’s investment portfolio, making the stock its 19th biggest position. First Citizens Financial Corp’s holdings in Cummins were worth $3,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMI. Brighton Jones LLC grew its stake in Cummins by 4.1% during the fourth quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock worth $736,000 after buying an additional 83 shares during the period. Intech Investment Management LLC raised its stake in shares of Cummins by 40.8% in the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock valued at $1,240,000 after acquiring an additional 1,146 shares during the period. 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 acquiring an additional 1,759 shares in the last quarter. ICW Investment Advisors LLC acquired a new position in shares of Cummins during the 2nd quarter valued at $225,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Cummins during the 2nd quarter worth $31,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Cummins in a research report on Monday. Citigroup upped their target price on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Truist Financial set a $894.00 target price on Cummins in a report on Wednesday. Zacks Research lowered Cummins from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Argus upped their price target on Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $745.64.

Trending Headlines about Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Raised 2026 outlook: Cummins increased its full-year expectations and forecast revenue of approximately $37 billion to $38 billion, broadly in line with Wall Street expectations. Cummins Reports Strong Second Quarter 2026 Results; Raises Full-Year Outlook
• Positive Sentiment: Data-center power demand is a major growth driver: Robust orders for standby generators used by data centers, improving North American truck markets and stronger second-half demand are supporting the more optimistic outlook. CMI Q2 Earnings Call Points to Power Demand and Higher Outlook
• Positive Sentiment: Revenue exceeded expectations: Second-quarter revenue rose 9.4% year over year to $9.46 billion, ahead of the roughly $9.33 billion consensus estimate. Cummins misses quarterly profit estimates despite strong generator demand
• Neutral Sentiment: Strategic industry transition: Regulatory clarity and a phased emissions transition could influence customer buying patterns and the timing of engine demand during the rest of the year. CMI Q2 deep dive: Data center demand, regulatory clarity, and shifting engine transition
• Negative Sentiment: Profit missed estimates: Quarterly EPS of $6.73 increased from $6.43 a year earlier but fell short of the $7.21 consensus estimate. Higher compensation, research and development, freight and coverage costs pressured earnings and margins. Cummins Q2 Earnings Miss Estimates on High Costs, Revenues Beat

Cummins Stock Up 2.5%

Shares of Cummins stock opened at $651.55 on Thursday. Cummins Inc. has a 1-year low of $372.00 and a 1-year high of $737.76. The company has a market capitalization of $89.91 billion, a PE ratio of 33.29, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.11. The business has a 50-day moving average of $669.35 and a 200-day moving average of $624.58.

Cummins (NYSE:CMI) last released its quarterly 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 during the quarter, compared to analyst estimates of $9.33 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%.The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 EPS. As a group, equities analysts forecast that Cummins Inc. will post 29.39 EPS for the current fiscal year.

Cummins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 21st. This represents a $8.80 annualized dividend and a yield of 1.4%. This is a boost from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio (DPR) is presently 41.52%.

Insider Buying and Selling

In related news, CAO Nicole Lamb-Hale sold 2,408 shares of Cummins stock in a transaction 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 sale, the chief accounting officer owned 14,084 shares in the company, valued at approximately $9,652,328.56. The trade was a 14.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brett Michael Merritt sold 701 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $688.75, for a total transaction of $482,813.75. Following the completion of the sale, the insider directly owned 10,404 shares in the company, valued at $7,165,755. This represents a 6.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,579 shares of company stock worth $9,377,684 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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.