Cummins Inc. $CMI Stock Holdings Boosted by Pictet Asset Management Holding SA

Posted by Brenda Bartman on Jun 30th, 2026

Pictet Asset Management Holding SA lifted its position in Cummins Inc. (NYSE:CMI – Free Report) by 11.9% during the first quarter, Holdings Channel reports. The institutional investor owned 112,055 shares of the company’s stock after buying an additional 11,958 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cummins were worth $60,253,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMI. Thompson Investment Management Inc. acquired a new position in Cummins during the fourth quarter worth about $26,000. Activest Wealth Management lifted its holdings in Cummins by 537.5% in the 4th 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 last quarter. Wellington Shields Capital Management LLC bought a new position in shares of Cummins during the 4th quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Cummins during the 4th quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Cummins in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Insider Activity

In other news, insider Brett Michael Merritt sold 701 shares of the stock in a transaction 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 completion of the sale, the insider owned 10,404 shares in the company, valued at $7,165,755. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Mary Bush sold 5,000 shares of Cummins stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total value 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 represents a 29.44% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,579 shares of company stock worth $9,377,684. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CMI has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Wells Fargo & Company lifted their price target on shares of Cummins from $794.00 to $874.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Citigroup upped their price target on Cummins from $710.00 to $770.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research upgraded Cummins from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Cummins in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and an average target price of $731.86.

Read Our Latest Stock Analysis on Cummins

Cummins Price Performance

CMI stock opened at $690.51 on Tuesday. Cummins Inc. has a one year low of $322.45 and a one year high of $737.76. The firm has a 50-day moving average of $674.01 and a two-hundred day moving average of $599.69. The firm has a market capitalization of $95.28 billion, a PE ratio of 35.83, a P/E/G ratio of 1.68 and a beta of 1.24. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

Cummins (NYSE:CMI – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share 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 for the quarter, compared to the consensus estimate of $8.37 billion. During the same period last year, the firm posted $5.96 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Cummins Inc. will post 29.31 earnings per share for the current year.

Cummins Dividend Announcement

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

Cummins 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.