Cummins Inc. $CMI Shares Sold by QV Investors Inc.

Posted by Brian Himes on Aug 31st, 2026

QV Investors Inc. cut its stake in Cummins Inc. (NYSE:CMI – Free Report) by 19.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,420 shares of the company’s stock after selling 1,765 shares during the period. QV Investors Inc.’s holdings in Cummins were worth $5,292,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Cummins in the 2nd quarter valued at about $8,204,241,000. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $1,254,929,000 after purchasing an additional 2,434,876 shares in the last quarter. Bank of America Corp DE acquired a new position in Cummins in the second quarter worth about $1,408,353,000. Norges Bank bought a new stake in Cummins in the fourth quarter valued at about $863,441,000. Finally, Bank of New York Mellon Corp bought a new stake in Cummins in the second quarter valued at about $973,198,000. 83.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cummins

In related news, VP Earl Newsome sold 698 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $572.22, for a total value of $399,409.56. Following the completion of the transaction, the vice president owned 4,479 shares in the company, valued at $2,562,973.38. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMI. Raymond James Financial increased their target price on shares of Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. CICC Research began coverage on Cummins in a research note on Sunday, August 23rd. They set an “outperform” rating on the stock. Weiss Ratings raised shares of Cummins from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Morgan Stanley upped their price objective on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Zacks Research cut Cummins from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $745.64.

Get Our Latest Stock Analysis on Cummins

Cummins Trading 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 price-to-earnings-growth ratio of 1.35 and a beta of 1.24. Cummins Inc. has a 1 year low of $389.52 and a 1 year high of $737.76. The firm’s 50 day moving average price is $647.45 and its two-hundred day moving average price is $628.09. 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 announced its quarterly earnings data on Tuesday, August 4th. The company reported $6.73 EPS 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 analyst estimates of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. Cummins’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $6.43 EPS. On average, research analysts predict that Cummins Inc. will post 30.06 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. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s dividend payout ratio (DPR) is currently 44.97%.

About Cummins

(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.