Equitable Holdings Inc. Takes $3.10 Million Position in Cummins Inc. $CMI

Equitable Holdings Inc. purchased a new stake in shares of Cummins Inc. (NYSE:CMI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,352 shares of the company’s stock, valued at approximately $3,104,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Cummins by 4.1% in the 4th 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 last quarter. Intech Investment Management LLC increased its holdings in Cummins by 40.8% during the first quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock worth $1,240,000 after buying an additional 1,146 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Cummins by 2.8% in the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock worth $21,055,000 after acquiring an additional 1,759 shares during the period. ICW Investment Advisors LLC bought a new position in shares of Cummins during the 2nd quarter valued at approximately $225,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Cummins during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Large battery-storage win expands the AI opportunity. Cummins reportedly secured its largest battery energy-storage-system order for a major U.S. data center. The deal supports the company’s strategy of supplying reliable power for rapidly growing data-center electricity demand and could strengthen the bull case for its Power Systems business. Cummins (CMI) Lands Its Biggest Battery Storage Deal For A Major US Data Center
• Positive Sentiment: AI data-center exposure is becoming a larger growth narrative. A separate analysis argues that Cummins’ battery-storage win may reshape the investment thesis by positioning the company as an infrastructure supplier to AI campuses, rather than solely as a traditional engine manufacturer. Does Cummins’ Landmark AI Data Center BESS Win Reshape The Bull Case For Cummins (CMI)?
• Positive Sentiment: Jefferies maintained its Buy rating. Continued bullish support from Jefferies provides a favorable signal, although the article does not indicate whether the firm changed its price target. Jefferies Sticks to Its Buy Rating for Cummins (CMI)
• Neutral Sentiment: Analysts made mixed EPS revisions. Zacks Research raised estimates for fourth-quarter 2026 EPS to $8.49 from $7.31 and lifted full-year 2026 EPS to $30.09 from $29.28. However, it reduced estimates for second-quarter 2027 EPS to $8.27 from $8.62 and first-quarter 2028 EPS to $8.38 from $9.07. Zacks retained a Hold rating.
• Neutral Sentiment: Finance leadership was reorganized. Cummins appointed Hopkins to a new finance role. The move may improve financial oversight, but no immediate earnings or strategic impact was reported. Cummins Appoints Hopkins to New Finance Role
• Negative Sentiment: An executive stock sale adds a modest overhang. Vice President Earl Newsome sold 698 shares worth approximately $399,410, reducing his direct holdings by 13.48%. A single insider sale is not necessarily a signal about fundamentals, but it can weigh on sentiment.

Cummins Stock Down 0.7%

Cummins stock opened at $574.06 on Friday. The firm has a 50 day simple moving average of $650.49 and a 200 day simple moving average of $628.35. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. Cummins Inc. has a 1-year low of $389.52 and a 1-year high of $737.76. The firm has a market capitalization of $79.02 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.38 and a beta of 1.24.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 EPS. On average, analysts predict that Cummins Inc. will post 30.06 earnings per share for the current year.

Cummins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be paid a $2.20 dividend. The ex-dividend date is Friday, August 21st. This represents a $8.80 annualized dividend and a yield of 1.5%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio is 44.97%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Argus lifted their price target on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Citigroup boosted their target price on Cummins from $770.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. CICC Research initiated coverage on Cummins in a research report on Sunday. They set an “outperform” rating on the stock. Robert W. Baird set a $700.00 price target on Cummins in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Cummins from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and a consensus target price of $745.64.

Insiders Place Their Bets

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the transaction, the vice president owned 4,479 shares of the company’s stock, valued at $2,562,973.38. The trade was a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by 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.