Cummins Inc. $CMI Position Boosted by Wellington Management Group LLP

Posted by Brian Himes on Aug 31st, 2026

Wellington Management Group LLP lifted its stake in Cummins Inc. (NYSE:CMI – Free Report) by 243.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 495,047 shares of the company’s stock after purchasing an additional 350,910 shares during the quarter. Wellington Management Group LLP owned 0.36% of Cummins worth $353,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Cummins by 4.1% in the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock valued at $736,000 after buying an additional 83 shares during the period. Intech Investment Management LLC boosted its stake in shares of Cummins by 40.8% during the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock valued at $1,240,000 after buying an additional 1,146 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Cummins by 2.8% during the 2nd 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 acquired a new position in shares of Cummins in the second quarter worth $225,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Cummins during the second quarter worth $31,000. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Cummins Stock Down 0.0%

Cummins stock opened at $564.61 on Monday. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. Cummins Inc. has a fifty-two week low of $389.52 and a fifty-two week high of $737.76. The firm has a fifty day moving average price of $647.45 and a two-hundred day moving average price of $628.09.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings results 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). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the business posted $6.43 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Cummins Inc. will post 30.06 earnings per share for the current year.

Cummins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 1.6%. This is an increase from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s dividend payout ratio (DPR) is 44.97%.

Wall Street Analysts Forecast Growth

CMI has been the subject of a number of recent research reports. Robert W. Baird set a $700.00 price target on Cummins in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their target price on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Barclays increased their price target on shares of Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial set a $894.00 price objective on shares of Cummins in a research note on Wednesday, August 5th. Finally, Citigroup raised their target price on Cummins from $770.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $745.64.

Get Our Latest Stock Report on Cummins

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 shares were sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the transaction, the vice president directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

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.