1,269 Cummins Inc. $CMI Shares Purchased by Avidian Wealth Enterprises LLC

Posted by Geri Gentry on Oct 8th, 2026

Avidian Wealth Enterprises LLC grew its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,934 shares of the company’s stock after purchasing an additional 1,269 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Cummins were worth $5,296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Valmark Advisers Inc. boosted its holdings in Cummins by 1.9% in the first quarter. Valmark Advisers Inc. now owns 877 shares of the company’s stock valued at $472,000 after acquiring an additional 16 shares during the last quarter. Guardian Partners Inc. boosted its stake in shares of Cummins by 1.0% in the 1st quarter. Guardian Partners Inc. now owns 1,584 shares of the company’s stock valued at $852,000 after purchasing an additional 16 shares during the last quarter. Nicolet Advisory Services LLC increased its position in shares of Cummins by 1.6% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,101 shares of the company’s stock worth $619,000 after buying an additional 17 shares during the period. Uhlmann Price Securities LLC raised its stake in Cummins by 2.4% during the first quarter. Uhlmann Price Securities LLC now owns 717 shares of the company’s stock worth $386,000 after buying an additional 17 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in Cummins by 2.0% in the second quarter. Legacy Financial Advisors Inc. now owns 955 shares of the company’s stock valued at $681,000 after buying an additional 19 shares during the period. 83.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMI has been the subject of a number of recent analyst reports. UBS Group decreased their price target on Cummins from $835.00 to $741.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. DA Davidson raised their price objective on shares of Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Truist Financial lowered their price objective on shares of Cummins from $894.00 to $779.00 and set a “buy” rating for the company in a research note on Monday. Sanford C. Bernstein reiterated a “market perform” rating and set a $700.00 target price on shares of Cummins in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company cut their target price on shares of Cummins from $874.00 to $760.00 and set an “overweight” rating on the stock in a research note on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $717.59.

Get Our Latest Stock Report on Cummins

Insider Buying and Selling

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction that occurred 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 transaction, the vice president owned 4,479 shares of the company’s stock, valued at $2,562,973.38. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Cummins Stock Down 0.2%

CMI traded down $1.29 during trading on Thursday, hitting $516.03. 530,044 shares of the company’s stock were exchanged, compared to its average volume of 982,869. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $572.00 and its two-hundred day moving average is $621.07. The stock has a market cap of $71.04 billion, a P/E ratio of 26.37, a PEG ratio of 1.41 and a beta of 1.24. Cummins Inc. has a fifty-two week low of $400.72 and a fifty-two week high of $737.76.

Cummins (NYSE:CMI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share 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 business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same quarter in the prior year, the company earned $6.43 EPS. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Cummins Inc. will post 30.13 earnings per share for the current fiscal year.

Cummins Increases Dividend

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

About Cummins

(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.