Cummins Inc. $CMI Shares Sold by Pacer Advisors Inc.

Posted by Stanley Muller on Aug 7th, 2026

Pacer Advisors Inc. decreased its stake in shares of Cummins Inc. (NYSE:CMI – Free Report) by 35.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,985 shares of the company’s stock after selling 3,913 shares during the quarter. Pacer Advisors Inc.’s holdings in Cummins were worth $3,758,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its stake in Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Wellington Shields Capital Management LLC bought a new stake in shares of Cummins in the 4th quarter valued at approximately $27,000. Key Financial Inc raised its position in shares of Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Cummins during the 4th quarter valued at approximately $28,000. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cummins

In other Cummins news, VP Donald G. Jackson sold 730 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $710.92, for a total value of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares in the company, valued at approximately $5,912,010.72. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brett Michael Merritt sold 701 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $688.75, for a total transaction of $482,813.75. Following the completion of the sale, the insider owned 10,404 shares in the company, valued at $7,165,755. The trade was a 6.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,690 shares of company stock worth $5,360,654 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Cummins Price Performance

Shares of CMI opened at $643.44 on Friday. The company has a market cap of $88.58 billion, a P/E ratio of 32.88, a PEG ratio of 1.58 and a beta of 1.24. The stock has a fifty day moving average price of $668.87 and a 200 day moving average price of $625.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.11. Cummins Inc. has a 12 month low of $379.41 and a 12 month high of $737.76.

Cummins (NYSE:CMI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the business posted $6.43 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts forecast that Cummins Inc. will post 29.53 earnings per share for the current year.

Cummins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be issued a $2.20 dividend. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.4%. Cummins’s dividend payout ratio is 41.52%.

Wall Street Analyst Weigh In

A number of research firms have commented on CMI. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Argus increased their target price on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wells Fargo & Company lifted their price target on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Evercore reaffirmed an “outperform” rating and set a $845.00 price objective on shares of Cummins in a research report on Monday, May 11th. Finally, Robert W. Baird set a $700.00 price objective on shares of Cummins in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $745.64.

Get Our Latest Stock 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.