Leonteq Securities AG Acquires Shares of 964 Cummins Inc. $CMI

Posted by Brian Himes on May 24th, 2026

Leonteq Securities AG bought a new position in Cummins Inc. (NYSE:CMI – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 964 shares of the company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Frank Rimerman Advisors LLC increased its stake in shares of Cummins by 0.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company’s stock worth $1,908,000 after acquiring an additional 18 shares during the last quarter. Financial Consulate Inc. increased its stake in shares of Cummins by 16.8% in the 4th quarter. Financial Consulate Inc. now owns 125 shares of the company’s stock worth $64,000 after acquiring an additional 18 shares during the last quarter. Gilbert & Cook Inc. increased its stake in shares of Cummins by 1.0% in the 4th quarter. Gilbert & Cook Inc. now owns 1,856 shares of the company’s stock worth $947,000 after acquiring an additional 19 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its stake in shares of Cummins by 2.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 981 shares of the company’s stock worth $501,000 after acquiring an additional 20 shares during the last quarter. Finally, Red Door Wealth Management LLC increased its stake in shares of Cummins by 2.3% in the 4th quarter. Red Door Wealth Management LLC now owns 878 shares of the company’s stock worth $448,000 after acquiring an additional 20 shares during the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMI. Citigroup raised their target price on Cummins from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised their target price on Cummins from $693.00 to $794.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research raised Cummins from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $845.00 target price on shares of Cummins in a research note on Monday, May 11th. Finally, Argus set a $696.00 price objective on Cummins in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and an average price target of $677.87.

Read Our Latest Research Report on CMI

Cummins Stock Up 0.3%

Shares of NYSE:CMI opened at $640.41 on Friday. The business has a 50-day moving average price of $612.02 and a 200 day moving average price of $562.53. 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 has a market capitalization of $88.37 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.58 and a beta of 1.27. Cummins Inc. has a 12-month low of $307.90 and a 12-month high of $718.08.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $5.96 EPS. Sell-side analysts expect that Cummins Inc. will post 28.93 EPS for the current year.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, May 22nd will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is presently 41.52%.

Key Stories Impacting Cummins

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

Insider Activity

In other Cummins news, insider Brett Michael Merritt sold 701 shares of Cummins stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $688.75, for a total value of $482,813.75. Following the completion of the transaction, the insider directly owned 10,404 shares of the company’s stock, valued at $7,165,755. The trade was a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan R. Stoner sold 607 shares of Cummins stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $694.06, for a total value of $421,294.42. Following the completion of the transaction, the vice president directly owned 9,447 shares of the company’s stock, valued at approximately $6,556,784.82. This represents a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 22,397 shares of company stock worth $14,465,833. 0.30% of the stock is currently owned by corporate 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.