MidFirst Bank Takes $1.08 Million Position in Cummins Inc. $CMI

Posted by George Bondi on Jun 20th, 2026

MidFirst Bank purchased a new position in shares of Cummins Inc. (NYSE:CMI – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,119 shares of the company’s stock, valued at approximately $1,082,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in shares of Cummins by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 3,367,001 shares of the company’s stock worth $1,422,121,000 after buying an additional 91,956 shares during the last quarter. Accredited Wealth Management LLC increased its holdings in Cummins by 3,100.0% during the third quarter. Accredited Wealth Management LLC now owns 3,200 shares of the company’s stock worth $1,352,000 after buying an additional 3,100 shares during the last quarter. Payden & Rygel purchased a new stake in Cummins during the third quarter worth about $9,757,000. Jefferies Financial Group Inc. bought a new stake in Cummins in the third quarter worth about $11,129,000. Finally, TIAA Trust National Association raised its position in Cummins by 836.5% in the third quarter. TIAA Trust National Association now owns 35,117 shares of the company’s stock worth $14,832,000 after acquiring an additional 31,367 shares during the period. 83.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Nicole Lamb-Hale sold 2,408 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $685.34, for a total value of $1,650,298.72. Following the completion of the transaction, the chief accounting officer directly owned 14,084 shares in the company, valued at approximately $9,652,328.56. This trade represents a 14.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Marvin Boakye sold 3,481 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $679.90, for a total transaction of $2,366,731.90. Following the sale, the vice president directly owned 8,508 shares in the company, valued at $5,784,589.20. This trade represents a 29.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,579 shares of company stock valued at $9,377,684 in the last three months. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Evercore reissued an “outperform” rating and set a $845.00 target price on shares of Cummins in a research report on Monday, May 11th. Argus lifted their price target on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price objective on Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company raised their target price on Cummins from $794.00 to $874.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wall Street Zen lowered Cummins from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $731.86.

Read Our Latest Research Report on CMI

Cummins Stock Performance

NYSE:CMI opened at $716.50 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. Cummins Inc. has a 52-week low of $307.90 and a 52-week high of $737.76. The firm has a market cap of $98.87 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.75 and a beta of 1.23. The business’s fifty day moving average is $663.00 and its 200 day moving average is $590.68.

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 business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.96 EPS. Research analysts predict that Cummins Inc. will post 29.31 EPS for the current year.

Cummins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Cummins’s dividend payout ratio is presently 41.52%.

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.