Raiffeisen Bank International AG Sells 16,250 Shares of Cummins Inc. $CMI

Raiffeisen Bank International AG decreased its holdings in shares of Cummins Inc. (NYSE:CMI) by 31.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,065 shares of the company’s stock after selling 16,250 shares during the quarter. Raiffeisen Bank International AG’s holdings in Cummins were worth $14,707,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CMI. Brighton Jones LLC grew its position 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 in the last quarter. Intech Investment Management LLC lifted its position 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 worth $1,240,000 after acquiring an additional 1,146 shares during the period. Stephens Inc. AR grew its holdings in shares of Cummins by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 1,937 shares of the company’s stock worth $635,000 after purchasing an additional 58 shares in the last quarter. Phoenix Financial Ltd. acquired a new stake in shares of Cummins during the 2nd quarter worth approximately $218,000. Finally, Brookstone Capital Management increased its position in shares of Cummins by 32.0% during the second quarter. Brookstone Capital Management now owns 2,461 shares of the company’s stock valued at $806,000 after purchasing an additional 597 shares during the period. 83.46% of the stock is owned by institutional investors.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks raised its Q2 2026 EPS view to $6.62 (from $6.51), a small near-term beat versus its prior expectation — a modest positive for next-quarter outlook. MarketBeat: CMI Zacks Update
• Positive Sentiment: Zacks also increased its Q4 2027 EPS estimate to $8.02 (from $7.72), indicating expectations for stronger results later in the planning horizon. MarketBeat: CMI Zacks Update
• Neutral Sentiment: Transcript: Cummins presented at Barclays 43rd Annual Industrial Select Conference — the slides/transcript may contain management commentary on markets, product demand and electrification strategy; useful for long‑term thesis but not an immediate catalyst. Seeking Alpha: Barclays Conference Transcript
• Negative Sentiment: Zacks trimmed several near‑term and medium‑term EPS forecasts: Q1 2026 to $5.50 (from $5.64), Q3 2026 to $6.59 (from $6.92), Q1 2027 to $6.14 (from $6.47), Q2 2027 to $7.43 (from $7.64) and Q3 2027 to $7.77 (from $7.92). Those downgrades suggest softer near‑term demand or margin pressure in analyst models. MarketBeat: CMI Zacks Update
• Negative Sentiment: Zacks cut FY2026 EPS to $25.53 (from $25.89) and trimmed FY2027 to $29.36 (from $29.74). These lower full‑year projections are likely the main driver of downward pressure on the stock today. Zacks still lists a consensus FY EPS of $22.54 in their summary, but their updated firm‑level outlooks reduce near‑term earnings expectations. MarketBeat: CMI Zacks Update

Cummins Stock Down 0.6%

Shares of NYSE:CMI opened at $593.27 on Friday. The company has a 50 day moving average price of $558.23 and a two-hundred day moving average price of $477.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.76. The company has a market capitalization of $81.97 billion, a PE ratio of 28.91, a PEG ratio of 1.89 and a beta of 1.13. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $617.98.

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

Cummins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Friday, February 20th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several brokerages recently commented on CMI. Citigroup raised their target price on Cummins from $580.00 to $630.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Truist Financial reiterated a “buy” rating and set a $703.00 target price (up from $653.00) on shares of Cummins in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Cummins from $485.00 to $580.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company increased their price target on shares of Cummins from $599.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Raymond James Financial boosted their price objective on shares of Cummins from $585.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Cummins presently has an average rating of “Moderate Buy” and an average target price of $588.93.

Insider Activity at Cummins

In other Cummins news, insider Brett Michael Merritt sold 1,450 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the transaction, the insider owned 9,271 shares in the company, valued at approximately $4,536,485.72. This represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William I. Miller sold 18,107 shares of Cummins stock in a transaction dated 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 completion of the sale, the director directly owned 34,243 shares in the company, valued at $20,446,495.30. This represents a 34.59% decrease in their position. The SEC filing for this sale provides additional information. 0.41% of the stock is owned by corporate insiders.

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.