386,086 Shares in Cummins Inc. $CMI Bought by Canada Pension Plan Investment Board

Posted by Geri Gentry on Aug 26th, 2026

Canada Pension Plan Investment Board purchased a new stake in Cummins Inc. (NYSE:CMI – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 386,086 shares of the company’s stock, valued at approximately $275,360,000.

Several other hedge funds have also recently added to or reduced their stakes in CMI. Brighton Jones LLC increased its stake in shares of Cummins by 4.1% during the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock worth $736,000 after purchasing an additional 83 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Cummins by 40.8% in the first quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock worth $1,240,000 after acquiring an additional 1,146 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Cummins by 2.8% in the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock valued at $21,055,000 after acquiring an additional 1,759 shares in the last quarter. ICW Investment Advisors LLC purchased a new stake in Cummins during the 2nd quarter worth about $225,000. Finally, Osterweis Capital Management Inc. purchased a new position in Cummins in the 2nd quarter valued at about $31,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Earl Newsome sold 698 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the sale, the vice president directly owned 4,479 shares in the company, valued at $2,562,973.38. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Cummins Stock Performance

Cummins stock opened at $573.19 on Wednesday. The firm has a market capitalization of $78.91 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Cummins Inc. has a one year low of $389.52 and a one year high of $737.76. The stock’s 50 day moving average price is $656.14 and its 200 day moving average price is $628.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $6.43 EPS. As a group, sell-side analysts expect that Cummins Inc. will post 30.06 EPS for the current fiscal year.

Cummins Increases Dividend

The company also recently disclosed 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 is Friday, August 21st. This represents a $8.80 dividend on an annualized basis and a yield of 1.5%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio (DPR) is presently 44.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. CICC Research assumed coverage on shares of Cummins in a report on Sunday. They issued an “outperform” rating on the stock. Truist Financial set a $894.00 price objective on Cummins in a report on Wednesday, August 5th. Evercore reissued an “outperform” rating and set a $845.00 price target on shares of Cummins in a research report on Monday, May 11th. Finally, Barclays boosted their target price on Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cummins currently has an average rating of “Moderate Buy” and an average price target of $745.64.

Check Out Our Latest Research Report on Cummins

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.