Resona Asset Management Co. Ltd. Sells 1,663 Shares of Cummins Inc. $CMI

Posted by Stanley Muller on May 20th, 2026

Resona Asset Management Co. Ltd. trimmed its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,372 shares of the company’s stock after selling 1,663 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cummins were worth $22,683,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thompson Investment Management Inc. bought a new position in Cummins in the 4th quarter worth about $26,000. Activest Wealth Management grew its stake in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in Cummins in the 3rd quarter worth about $28,000. Ares Financial Consulting LLC bought a new position in Cummins in the 4th quarter worth about $29,000. Finally, Osterweis Capital Management Inc. bought a new position in Cummins in the 2nd quarter worth about $31,000. Institutional investors own 83.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMI shares. Citigroup increased their price target on Cummins from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wolfe Research downgraded Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price target on the stock. in a research report on Monday, January 26th. Evercore reiterated an “outperform” rating and set a $845.00 price objective on shares of Cummins in a research note on Monday, May 11th. Raymond James Financial increased their price objective on shares of Cummins from $585.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Truist Financial set a $815.00 price objective on shares of Cummins in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $677.87.

Read Our Latest Stock Report on Cummins

Cummins Stock Down 2.8%

CMI stock opened at $658.67 on Wednesday. The firm has a 50 day moving average of $606.31 and a 200 day moving average of $558.95. The stock has a market capitalization of $90.89 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.71 and a beta of 1.27. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. Cummins Inc. has a 52 week low of $307.90 and a 52 week high of $718.08.

Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.37 billion. During the same period in the previous year, the firm posted $5.96 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Cummins Inc. will post 28.39 earnings per share for the current year.

Cummins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $8.00 dividend on an annualized basis and a yield of 1.2%. Cummins’s payout ratio is presently 41.52%.

Insider Buying and Selling

In other news, VP Donald G. Jackson sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $600.13, for a total transaction of $960,208.00. Following the completion of the transaction, the vice president directly owned 7,214 shares of the company’s stock, valued at $4,329,337.82. This represents a 18.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jennifer Mary Bush sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the transaction, the vice president owned 11,986 shares of the company’s stock, valued at approximately $8,344,773.06. This trade represents a 29.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,397 shares of company stock valued at $14,465,833 in the last three months. 0.30% of the stock is currently owned by company insiders.

Cummins Company Profile

(Free Report)

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.