Envestnet Portfolio Solutions Inc. grew its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,156 shares of the company’s stock after acquiring an additional 1,009 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cummins were worth $2,632,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Thompson Investment Management Inc. acquired a new position in shares of Cummins during the fourth quarter valued at $26,000. Activest Wealth Management boosted its holdings in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after acquiring an additional 43 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of Cummins during the fourth quarter valued at $29,000. Holos Integrated Wealth LLC acquired a new position in shares of Cummins during the fourth quarter valued at $32,000. Finally, Palouse Capital Management Inc. acquired a new position in shares of Cummins during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 83.46% of the company’s stock.
Insider Buying and Selling at Cummins
In related news, insider Brett Michael Merritt sold 701 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $688.75, for a total value of $482,813.75. Following the transaction, the insider owned 10,404 shares in the company, valued at approximately $7,165,755. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jennifer Mary Bush sold 5,000 shares of Cummins stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the completion of the sale, the vice president owned 11,986 shares of the company’s stock, valued at $8,344,773.06. This trade represents a 29.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,397 shares of company stock worth $14,465,833 over the last quarter. Insiders own 0.30% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on Cummins
Key Cummins News
Here are the key news stories impacting Cummins this week:
- Positive Sentiment: Zacks Research raised multiple earnings forecasts for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while maintaining a Strong-Buy rating. Cummins stock page
- Positive Sentiment: The analyst also lifted near-term quarterly estimates across 2026 and 2027, suggesting expectations for sustained earnings momentum rather than a one-quarter boost. Cummins stock page
- Positive Sentiment: At its investor day, Cummins said it is raising its 2030 financial targets and announced large-engine capacity and product investments, signaling confidence in future growth and profitability. Business Wire article
- Positive Sentiment: Coverage of the investor event also highlighted how Cummins is positioning itself for opportunities tied to the AI boom, which may have helped sentiment around the stock. Barron’s article
Cummins Price Performance
Shares of Cummins stock opened at $640.41 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $612.02 and its two-hundred day moving average price is $562.53. Cummins Inc. has a 52 week low of $307.90 and a 52 week high of $718.08. The stock has a market cap of $88.37 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27.
Cummins (NYSE:CMI – Get Free Report) last announced its earnings results 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 company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same period last year, the company posted $5.96 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Cummins Inc. will post 28.93 EPS for the current fiscal year.
Cummins Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.2%. Cummins’s dividend payout ratio (DPR) is 41.52%.
Cummins Company Profile
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.
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