Mitsubishi UFJ Asset Management Co. Ltd. Acquires 12,728 Shares of Cummins Inc. $CMI

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Cummins Inc. (NYSE:CMI) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,235 shares of the company’s stock after buying an additional 12,728 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cummins were worth $158,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMI. Thompson Investment Management Inc. bought a new stake in shares of Cummins during the fourth quarter worth approximately $26,000. Activest Wealth Management raised its stake in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after buying an additional 43 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Cummins during the third quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new stake in shares of Cummins during the fourth quarter worth approximately $29,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cummins during the second quarter worth approximately $31,000. 83.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $700.00 price target on shares of Cummins in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Cummins from $693.00 to $794.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Cummins from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Wolfe Research downgraded shares of Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 target price for the company. in a research note on Monday, January 26th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $649.47.

Cummins Stock Up 6.2%

Shares of CMI stock opened at $716.95 on Thursday. The firm has a fifty day moving average of $585.27 and a 200-day moving average of $541.64. The company has a quick ratio of 1.16, a current ratio of 1.71 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 company has a market capitalization of $99.05 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 2.13 and a beta of 1.27.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. During the same quarter in the prior year, the firm earned $5.96 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Cummins Inc. will post 26.05 earnings per share for the current fiscal year.

Cummins Dividend Announcement

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

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Q1 results beat expectations — Cummins reported $6.15 EPS vs. consensus ~$5.63 and revenue of $8.40B, driven by strong Power Systems and data‑center demand that lifted margins. Cummins’ Q1 Earnings Beat
• Positive Sentiment: Company raised FY‑2026 revenue guidance to roughly $36.4B–$37.4B (above Street), citing resilient power‑generation demand — supports upside to results and margins. Cummins raises revenue outlook
• Positive Sentiment: Wells Fargo bumped its price target to $794 and moved to an “overweight” rating — a sizable analyst upgrade that likely added buying interest. Wells Fargo PT raise Benzinga
• Neutral Sentiment: JPMorgan raised its target to $725 but kept a “neutral” rating — increases credibility of the upside but less forceful than an outright buy/overweight call. JPMorgan PT raise
• Neutral Sentiment: Management is refocusing the portfolio toward zero‑emission growth after a mixed Q1, signaling strategic investment that can boost long‑term growth but may pressure near‑term margins. Refocus on zero emission growth
• Negative Sentiment: Trucking/on‑highway end markets showed weakness (noted on the earnings call), a potential near‑term headwind to engine and components sales — monitor trends in North American on‑highway demand. Trucking weakness note

Insider Buying and Selling at Cummins

In related news, Director William I. Miller sold 18,107 shares of the stock in a transaction on 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 owned 34,243 shares in the company, valued at approximately $20,446,495.30. This represents a 34.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Donald G. Jackson sold 1,600 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $600.13, for a total transaction of $960,208.00. Following the transaction, the vice president owned 7,214 shares of the company’s stock, valued at $4,329,337.82. The trade was a 18.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,195 shares of company stock valued at $18,397,489 in the last three months. 0.30% of the stock is currently owned by 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.