Swiss National Bank Acquires 27,520 Shares of Cummins Inc. $CMI

Swiss National Bank grew its holdings in Cummins Inc. (NYSE:CMI) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 405,078 shares of the company’s stock after purchasing an additional 27,520 shares during the quarter. Swiss National Bank’s holdings in Cummins were worth $217,940,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in Cummins during the 1st quarter worth about $2,038,000. Spartan Wealth Advisory Services LLC acquired a new stake in Cummins in the 1st quarter valued at about $596,000. Ascent Wealth Partners LLC raised its stake in shares of Cummins by 0.6% in the first quarter. Ascent Wealth Partners LLC now owns 18,379 shares of the company’s stock worth $9,888,000 after acquiring an additional 111 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Cummins by 2.5% in the first quarter. California Public Employees Retirement System now owns 276,484 shares of the company’s stock worth $148,754,000 after acquiring an additional 6,698 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Cummins by 5.8% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 381 shares of the company’s stock worth $205,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

Insider Buying and Selling

In related news, VP Jennifer Mary Bush sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total value of $3,481,050.00. Following the completion of the sale, the vice president owned 11,986 shares in the company, valued at $8,344,773.06. This represents a 29.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. This represents a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,579 shares of company stock valued at $9,377,684. 0.30% of the stock is owned by company insiders.

Cummins Price Performance

Cummins stock opened at $647.67 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $89.37 billion, a P/E ratio of 33.61, a PEG ratio of 1.58 and a beta of 1.22. The business has a 50-day moving average of $677.02 and a 200-day moving average of $614.96. Cummins Inc. has a 1 year low of $344.02 and a 1 year high of $737.76.

Cummins (NYSE:CMI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same period last year, the company posted $5.96 EPS. Cummins’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Cummins Inc. will post 29.34 EPS for the current year.

Cummins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a $2.20 dividend. 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. The ex-dividend date is Friday, August 21st. Cummins’s dividend payout ratio (DPR) is 41.52%.

Wall Street Analyst Weigh In

CMI has been the topic of several research analyst reports. Zacks Research cut shares of Cummins from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Argus boosted their price objective on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Citigroup upped their price objective on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Robert W. Baird set a $700.00 target price on Cummins in a research note on Wednesday, May 6th. Finally, UBS Group reissued a “buy” rating on shares of Cummins in a research note on Wednesday, June 17th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $740.07.

Cummins News Summary

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Morgan Stanley boosted its price target on Cummins and kept an overweight rating, signaling confidence in further upside. Benzinga
• Neutral Sentiment: Zacks Research slightly raised its Q3 2027 EPS estimate for Cummins to $9.02 from $9.00, a small change that suggests stable longer-term expectations. Article
• Neutral Sentiment: Other Zacks revisions were mixed but generally small, with slight cuts to some FY2027/FY2028 estimates and a continued Hold rating, suggesting analysts are not seeing a major near-term change in fundamentals. Article

About Cummins

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.