Danske Bank A S Buys New Position in Cummins Inc. $CMI

Posted by on Aug 19th, 2026

Danske Bank A S purchased a new stake in Cummins Inc. (NYSE:CMI – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 132,744 shares of the company’s stock, valued at approximately $94,674,000.

Other large investors have also modified their holdings of the company. Persistent Asset Partners Ltd acquired a new position in shares of Cummins during the second quarter valued at about $26,000. Elevation Wealth Partners LLC increased its stake in Cummins by 91.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock valued at $33,000 after purchasing an additional 22 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Cummins by 1,500.0% in the first quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after buying an additional 43 shares during the period. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Cummins during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Cummins Trading Down 3.2%

NYSE CMI opened at $620.43 on Wednesday. Cummins Inc. has a 1 year low of $389.52 and a 1 year high of $737.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. The company has a market capitalization of $85.41 billion, a PE ratio of 31.70, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a fifty day moving average of $664.02 and a 200 day moving average of $628.32.

Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.43 EPS. Research analysts forecast that Cummins Inc. will post 30.06 earnings per share for the current year.

Cummins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This is a boost from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a yield of 1.4%. Cummins’s dividend payout ratio is presently 40.88%.

Analyst Ratings Changes

CMI has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $845.00 target price on shares of Cummins in a research note on Monday, May 11th. Robert W. Baird set a $700.00 price target on Cummins in a research note on Wednesday, May 6th. Wells Fargo & Company increased their price objective on Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Citigroup raised their price objective on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their target price on Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $745.64.

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Cummins Profile

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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.

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Institutional Ownership by Quarter for Cummins (NYSE:CMI)

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