Cummins Inc. $CMI Holdings Cut by Graham Capital Management L.P.

Posted by George Bondi on Jun 17th, 2026

Graham Capital Management L.P. lowered its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 53.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,609 shares of the company’s stock after selling 8,896 shares during the period. Graham Capital Management L.P.’s holdings in Cummins were worth $3,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CMI. Brighton Jones LLC lifted its holdings in Cummins by 4.1% in the fourth quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock worth $736,000 after acquiring an additional 83 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Cummins by 40.8% during the first quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock valued at $1,240,000 after buying an additional 1,146 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Cummins by 2.8% during the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock valued at $21,055,000 after buying an additional 1,759 shares during the last quarter. ICW Investment Advisors LLC bought a new stake in shares of Cummins during the second quarter valued at approximately $225,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cummins during the second quarter valued at approximately $31,000. Institutional investors own 83.46% of the company’s stock.

Cummins Price Performance

NYSE CMI opened at $701.15 on Wednesday. Cummins Inc. has a 12 month low of $307.90 and a 12 month high of $718.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11. The firm has a market capitalization of $96.75 billion, a PE ratio of 36.39, a P/E/G ratio of 1.66 and a beta of 1.24. The company’s 50 day simple moving average is $654.05 and its 200 day simple moving average is $586.69.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.37 billion. During the same quarter last year, the business earned $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, equities research analysts forecast that Cummins Inc. will post 29.29 EPS for the current fiscal year.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is currently 41.52%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CMI shares. Raymond James Financial lifted their price target on Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $700.00 price target on Cummins in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on Cummins from $693.00 to $794.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price target on Cummins from $675.00 to $752.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Cummins presently has an average rating of “Moderate Buy” and a consensus target price of $726.14.

Get Our Latest Stock Analysis on CMI

Insider Buying and Selling at Cummins

In related news, VP Jennifer Mary Bush sold 5,000 shares of the firm’s 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 transaction, the vice president owned 11,986 shares in the company, valued at $8,344,773.06. This trade represents a 29.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Marvin Boakye sold 3,481 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $679.90, for a total transaction of $2,366,731.90. Following the transaction, the vice president owned 8,508 shares in the company, valued at $5,784,589.20. This represents a 29.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,579 shares of company stock valued at $9,377,684. 0.30% of the stock is currently owned by company insiders.

About Cummins

(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.