3,014 Cummins Inc. $CMI Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in Cummins Inc. (NYSE:CMI) by 25.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,973 shares of the company’s stock after selling 3,014 shares during the period. Boston Trust Walden Corp’s holdings in Cummins were worth $4,635,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CMI. Cedar Mountain Advisors LLC raised its stake in Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Cummins during the 2nd quarter worth about $26,000. Balance Wealth Partners LLC bought a new position in shares of Cummins during the 3rd quarter worth about $32,000. Elevation Wealth Partners LLC raised its position in shares of Cummins by 91.7% during the second quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock valued at $33,000 after buying an additional 22 shares during the last quarter. Finally, Latitude Advisors LLC bought a new stake in shares of Cummins in the third quarter valued at about $39,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMI shares. JPMorgan Chase & Co. cut their price target on Cummins from $690.00 to $600.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Wall Street Zen cut Cummins from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Bank of America cut their target price on Cummins from $731.00 to $600.00 in a research note on Thursday, September 24th. Evercore reduced their target price on Cummins from $845.00 to $782.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Finally, DA Davidson lifted their price target on shares of Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average target price of $674.53.

Cummins Stock Up 0.4%

CMI opened at $450.56 on Friday. The firm’s 50-day simple moving average is $526.45 and its 200-day simple moving average is $599.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. Cummins Inc. has a twelve month low of $443.62 and a twelve month high of $737.76. The firm has a market cap of $62.02 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.32 and a beta of 1.26.

Cummins (NYSE:CMI) last announced its earnings results on Thursday, November 5th. The company reported $8.25 EPS for the quarter, topping the consensus estimate of $8.20 by $0.05. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.89 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%. Cummins’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.59 EPS. Equities research analysts anticipate that Cummins Inc. will post 29.98 EPS for the current fiscal year.

Cummins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 20th will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 20th. Cummins’s dividend payout ratio is presently 44.97%.

More Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Third-quarter EPS of $8.25 edged past the $8.20 consensus, and revenue rose 13.5% year over year to $9.44 billion. The company also pointed to strong data-center demand, recovering shipments and capacity expansion as growth supports. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
• Neutral Sentiment: Citigroup, Truist Financial and Wells Fargo cut their price targets, but maintained buy or overweight ratings. Their revised targets still imply upside from the quoted share price, tempering—but not erasing—the signal from the reductions. Citigroup recommendations Truist Financial recommendations Wells Fargo recommendations
• Negative Sentiment: Cummins lowered its FY2026 revenue guidance to $37.0 billion, below the roughly $37.7 billion consensus, citing pickup-truck weakness. Third-quarter revenue also fell short of analyst expectations, raising concern that softer vehicle demand could offset strength in data-center-related business. Cummins Q3 profit more than doubles; cuts FY26 revenue outlook

Insider Activity at Cummins

In related news, VP Earl Newsome sold 698 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $572.22, for a total value of $399,409.56. Following the completion of the sale, the vice president owned 4,479 shares of the company’s stock, valued at $2,562,973.38. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

About Cummins

Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.

The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.

Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.