Stokes Capital Advisors LLC Buys 1,017 Shares of Cummins Inc. $CMI

Posted by Geri Gentry on Oct 10th, 2026

Stokes Capital Advisors LLC purchased a new stake in shares of Cummins Inc. (NYSE:CMI – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,017 shares of the company’s stock, valued at approximately $525,000.

Other large investors have also recently bought and sold shares of the company. Castle Rock Wealth Management LLC increased its stake in Cummins by 199.2% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 1,789 shares of the company’s stock valued at $924,000 after buying an additional 1,191 shares during the period. Bullock Wealth Management Group boosted its stake in shares of Cummins by 9.3% during the 3rd quarter. Bullock Wealth Management Group now owns 728 shares of the company’s stock valued at $358,000 after buying an additional 62 shares during the period. Riversedge Advisors LLC boosted its stake in shares of Cummins by 14.6% during the 3rd quarter. Riversedge Advisors LLC now owns 747 shares of the company’s stock valued at $386,000 after buying an additional 95 shares during the period. Wedmont Private Capital grew its holdings in shares of Cummins by 789.4% during the 3rd quarter. Wedmont Private Capital now owns 15,760 shares of the company’s stock valued at $8,141,000 after acquiring an additional 13,988 shares in the last quarter. Finally, Dakota Community Bank & Trust NA increased its stake in shares of Cummins by 69.4% in the third quarter. Dakota Community Bank & Trust NA now owns 310 shares of the company’s stock worth $160,000 after acquiring an additional 127 shares during the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. CICC Research assumed coverage on Cummins in a research report on Sunday, August 23rd. They set an “outperform” rating and a $781.00 price objective for the company. Morgan Stanley upped 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. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $700.00 price target on shares of Cummins in a research note on Wednesday, August 5th. Evercore reduced their price target on Cummins from $845.00 to $782.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cummins currently has an average rating of “Moderate Buy” and an average price target of $717.59.

Check Out Our Latest Stock Report on Cummins

Insider Buying and Selling

In other 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Cummins Price Performance

NYSE CMI opened at $523.47 on Friday. Cummins Inc. has a fifty-two week low of $400.72 and a fifty-two week high of $737.76. The stock’s 50-day moving average is $567.50 and its two-hundred day moving average is $620.30. The firm has a market cap of $72.06 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $9.33 billion. During the same quarter last year, the company posted $6.43 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Cummins Inc. will post 30.13 earnings per share for the current fiscal year.

Cummins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st were issued a dividend of $2.20 per share. 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. The ex-dividend date was Friday, August 21st. Cummins’s dividend payout ratio is 44.97%.

Cummins 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.