Cummins Inc. $CMI Stock Holdings Increased by Canandaigua National Bank & Trust Co.

Posted by George Bondi on Oct 7th, 2026

Canandaigua National Bank & Trust Co. raised its stake in Cummins Inc. (NYSE:CMI – Free Report) by 104.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,859 shares of the company’s stock after buying an additional 4,006 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Cummins were worth $4,060,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMI. Greenfield Savings Bank increased its position in shares of Cummins by 2,141.7% in the 3rd quarter. Greenfield Savings Bank now owns 19,189 shares of the company’s stock valued at $9,912,000 after purchasing an additional 18,333 shares during the last quarter. American National Bank & Trust increased its holdings in Cummins by 57.6% in the third quarter. American National Bank & Trust now owns 2,367 shares of the company’s stock valued at $1,223,000 after buying an additional 865 shares during the last quarter. Legacy Private Trust Co. raised its stake in Cummins by 1,264.1% in the third quarter. Legacy Private Trust Co. now owns 12,222 shares of the company’s stock valued at $6,314,000 after buying an additional 11,326 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Cummins by 45.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 14,571 shares of the company’s stock worth $6,981,000 after buying an additional 4,538 shares during the last quarter. Finally, Polaris Financial Partners acquired a new position in shares of Cummins during the 3rd quarter worth about $107,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Insiders Place Their Bets

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction that occurred 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 transaction, the vice president directly owned 4,479 shares in the company, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their target price on Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America lowered their target price on shares of Cummins from $731.00 to $600.00 in a report on Thursday, September 24th. JPMorgan Chase & Co. cut their price target on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd. Finally, Evercore dropped their price objective on Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $724.29.

Check Out Our Latest Stock Analysis on CMI

Cummins Stock Performance

Shares of CMI traded down $19.54 during mid-day trading on Wednesday, reaching $515.77. 1,249,804 shares of the company’s stock were exchanged, compared to its average volume of 985,853. The business’s fifty day simple moving average is $573.79 and its 200-day simple moving average is $621.23. The stock has a market capitalization of $71.00 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. Cummins Inc. has a 52-week low of $400.72 and a 52-week high of $737.76. 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 (NYSE:CMI – Get Free Report) last released its quarterly 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 business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 EPS. On average, equities research analysts expect that Cummins Inc. will post 30.13 earnings per share for the current year.

Cummins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st were paid a dividend of $2.20 per share. 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 a boost from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio (DPR) is currently 44.97%.

Cummins Company Profile

(Free Report)

Cummins Inc (NYSE: CMI) is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services power solutions for commercial, industrial and infrastructure applications.

Its products include diesel and natural-gas engines, electrified powertrains, batteries, fuel cell systems, generators and other power-generation equipment. Cummins also produces components such as filtration systems, fuel systems, turbochargers and emission-control technologies.