QRG Capital Management Inc. Has $86.19 Million Position in Cummins Inc. $CMI

Posted by Brenda Bartman on Sep 23rd, 2026

QRG Capital Management Inc. grew its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 112.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,855 shares of the company’s stock after buying an additional 63,839 shares during the quarter. QRG Capital Management Inc.’s holdings in Cummins were worth $86,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CMI. Cedar Mountain Advisors LLC lifted its position in Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in Cummins in the 2nd quarter worth approximately $26,000. Wellington Shields Capital Management LLC acquired a new position in Cummins during the 4th quarter worth $27,000. Key Financial Inc lifted its holdings in Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after buying an additional 20 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in Cummins by 91.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock valued at $33,000 after buying an additional 22 shares during the last quarter. 83.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMI has been the topic of several analyst reports. UBS Group cut their price objective on shares of Cummins from $850.00 to $835.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Citigroup upped their target price on shares of Cummins from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Evercore reduced their price target on Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Wells Fargo & Company upped 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. Finally, DA Davidson raised their target price on Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $745.12.

Check Out Our Latest Stock Report on CMI

Cummins Stock Down 0.3%

Shares of NYSE:CMI traded down $1.62 during trading on Wednesday, hitting $524.51. 1,416,162 shares of the company’s stock traded hands, compared to its average volume of 982,915. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $600.29 and a 200-day moving average price of $622.88. Cummins Inc. has a 52 week low of $400.72 and a 52 week high of $737.76. The company has a market cap of $72.21 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23.

Cummins (NYSE:CMI – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $6.73 EPS for the quarter, missing the consensus estimate 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 return on equity of 25.29% and a net margin of 7.82%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $6.43 earnings per share. As a group, research analysts forecast that Cummins Inc. will post 30.06 EPS for the current fiscal year.

Cummins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 21st were given a $2.20 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $8.80 annualized dividend and a yield of 1.7%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s payout ratio is presently 44.97%.

Insider Buying and Selling

In related news, VP Earl Newsome sold 698 shares of the company’s stock in a transaction on Monday, August 24th. The shares were 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 directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

About Cummins

(Free Report)

Cummins Inc is a global power and energy technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services engines, powertrains and related technologies for commercial vehicles, industrial equipment, mining, construction, agriculture, marine and other applications.

Cummins’ products and services include diesel and natural-gas engines, hybrid powertrains, fuel systems, filtration and emission-control technologies, turbochargers, generators and power-generation systems.