Parallel Advisors LLC increased its stake in shares of Cummins Inc. (NYSE:CMI – Free Report) by 39.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,906 shares of the company’s stock after purchasing an additional 2,523 shares during the quarter. Parallel Advisors LLC’s holdings in Cummins were worth $4,601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its stake in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of Cummins in the second quarter valued at approximately $26,000. Balance Wealth Partners LLC acquired a new position in shares of Cummins in the third quarter valued at approximately $32,000. Elevation Wealth Partners LLC raised its position in shares of Cummins by 91.7% in 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 purchased a new position in shares of Cummins during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 83.46% of the company’s stock.
Insider Buying and Selling at Cummins
In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction 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 transaction, the vice president owned 4,479 shares in the company, valued at $2,562,973.38. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CMI. Wells Fargo & Company decreased their target price on shares of Cummins from $608.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group cut their price target on Cummins from $835.00 to $741.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Morgan Stanley boosted their price target on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Bank of America reduced their price target on Cummins from $731.00 to $600.00 in a research note on Thursday, September 24th. Finally, Evercore decreased their price objective on Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $674.53.
Cummins Trading Up 0.4%
NYSE CMI opened at $450.56 on Friday. The company has a market cap of $62.03 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.19 and a beta of 1.26. Cummins Inc. has a 12 month low of $443.62 and a 12 month high of $737.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.74 and a quick ratio of 1.13. The company has a 50-day moving average of $526.45 and a 200-day moving average of $599.60.
Cummins (NYSE:CMI – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.20 by $0.05. Cummins had a net margin of 9.26% and a return on equity of 26.82%. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the company earned $5.59 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts predict that Cummins Inc. will post 29.98 earnings per share for the current year.
Cummins Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be issued a $2.20 dividend. 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 (DPR) is 36.73%.
Cummins News Roundup
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
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.
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