Cummins Inc. $CMI Shares Bought by NEOS Investment Management LLC

Posted by Stanley Muller on Sep 5th, 2026

NEOS Investment Management LLC increased its stake in Cummins Inc. (NYSE:CMI – Free Report) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,337 shares of the company’s stock after purchasing an additional 2,619 shares during the quarter. NEOS Investment Management LLC’s holdings in Cummins were worth $15,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMI. Cedar Mountain Advisors LLC grew its stake 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 worth $26,000 after purchasing an additional 45 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Cummins in the second quarter valued at $26,000. Wellington Shields Capital Management LLC purchased a new stake in Cummins in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Cummins in the fourth quarter worth approximately $28,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Cummins during the 4th quarter valued at $28,000. 83.46% of the stock is owned by institutional investors.

Insider Transactions at Cummins

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction on 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 sale, the vice president owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. The trade was 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. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMI. Weiss Ratings lowered Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. UBS Group dropped their price objective on Cummins from $850.00 to $835.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Morgan Stanley increased their price target on shares of Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $700.00 price objective on shares of Cummins in a research report on Wednesday, August 5th. Finally, Truist Financial set a $894.00 target price on shares of Cummins in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Cummins presently has a consensus rating of “Moderate Buy” and a consensus target price of $764.54.

Read Our Latest Analysis on CMI

Cummins Price Performance

Shares of CMI stock opened at $561.44 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The stock has a market capitalization of $77.29 billion, a PE ratio of 28.69, a PEG ratio of 1.47 and a beta of 1.23. Cummins Inc. has a 52 week low of $390.11 and a 52 week high of $737.76. The stock’s fifty day moving average is $632.30 and its 200-day moving average is $626.49.

Cummins (NYSE:CMI – Get Free Report) last announced 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 return on equity of 25.29% and a net margin of 7.82%.The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. Cummins’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Cummins Inc. will post 30.06 EPS for the current fiscal year.

Cummins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st were given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 21st. This is a boost from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio 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.