Stonebridge Financial Group LLC Trims Stock Position in Cummins Inc. $CMI

Posted by George Bondi on Aug 4th, 2026

Stonebridge Financial Group LLC decreased its stake in Cummins Inc. (NYSE:CMI – Free Report) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 12,020 shares of the company’s stock after selling 1,354 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Cummins were worth $8,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Cummins by 10,317.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after acquiring an additional 2,434,876 shares during the period. Norges Bank purchased a new stake in Cummins in the 4th quarter worth approximately $863,441,000. Boston Partners acquired a new stake in shares of Cummins during the 3rd quarter worth approximately $473,471,000. SG Americas Securities LLC grew its stake in shares of Cummins by 257.9% during the 1st quarter. SG Americas Securities LLC now owns 736,670 shares of the company’s stock worth $396,343,000 after purchasing an additional 530,812 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Cummins by 245.1% during the 4th quarter. First Trust Advisors LP now owns 542,796 shares of the company’s stock valued at $277,071,000 after purchasing an additional 385,525 shares in the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cummins news, insider Brett Michael Merritt sold 701 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $688.75, for a total transaction of $482,813.75. Following the transaction, the insider owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jennifer Mary Bush sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $696.21, for a total value of $3,481,050.00. Following the transaction, the vice president directly owned 11,986 shares in the company, valued at $8,344,773.06. This trade represents a 29.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,579 shares of company stock valued at $9,377,684. Insiders own 0.30% of the company’s stock.

Cummins Stock Performance

CMI opened at $649.89 on Tuesday. Cummins Inc. has a twelve month low of $356.92 and a twelve month high of $737.76. The firm has a market capitalization of $89.68 billion, a PE ratio of 33.73, a PEG ratio of 1.55 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. The firm’s 50-day moving average price is $670.29 and its 200 day moving average price is $623.53.

Cummins (NYSE:CMI – Get Free Report) last released 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. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. Cummins’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.96 EPS. As a group, sell-side analysts expect that Cummins Inc. will post 29.39 EPS for the current fiscal year.

Cummins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 21st. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s payout ratio is presently 41.52%.

Analysts Set New Price Targets

Several research firms recently issued reports on CMI. Truist Financial boosted their target price on shares of Cummins from $815.00 to $901.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating on shares of Cummins in a report on Wednesday, June 17th. Robert W. Baird set a $700.00 price objective on shares of Cummins in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $845.00 target price on shares of Cummins in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $740.07.

Check Out Our Latest Report on Cummins

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.