ASK Capital Investment Managers LLC Purchases 8,520 Shares of Cummins Inc. $CMI

Posted by George Bondi on Oct 14th, 2026

ASK Capital Investment Managers LLC acquired a new position in Cummins Inc. (NYSE:CMI – Free Report) during the third quarter, Holdings Channel reports. The firm acquired 8,520 shares of the company’s stock, valued at approximately $4,401,000. Cummins makes up approximately 4.9% of ASK Capital Investment Managers LLC’s portfolio, making the stock its 9th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Cummins during the second quarter worth about $8,204,241,000. Bank of America Corp DE purchased a new stake in shares of Cummins in the 2nd quarter valued at about $1,408,353,000. Bank of New York Mellon Corp bought a new stake in shares of Cummins during the 2nd quarter valued at about $973,198,000. Legal & General Group Plc bought a new stake in shares of Cummins during the 2nd quarter valued at about $666,635,000. Finally, SG Americas Securities LLC boosted its position in shares of Cummins by 257.9% during the 1st quarter. SG Americas Securities LLC now owns 736,670 shares of the company’s stock valued at $396,343,000 after acquiring an additional 530,812 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

Cummins Price Performance

CMI opened at $529.57 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. Cummins Inc. has a 52-week low of $400.72 and a 52-week high of $737.76. The stock has a market capitalization of $72.90 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. The stock’s 50 day moving average price is $562.88 and its 200-day moving average price is $620.45.

Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the firm earned $6.43 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Cummins Inc. will post 30.10 EPS for the current year.

Cummins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be given a $2.20 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $8.80 dividend on an annualized basis and a yield of 1.7%. Cummins’s payout ratio is 44.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings lowered Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. JPMorgan Chase & Co. dropped their target price on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. CICC Research assumed coverage on shares of Cummins in a research note on Sunday, August 23rd. They issued an “outperform” rating and a $781.00 price target for the company. Evercore cut their price target on shares of Cummins from $845.00 to $782.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, DA Davidson increased their price target on shares of Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $708.18.

Check Out Our Latest Stock Analysis on CMI

Insiders Place Their Bets

In other news, VP Earl Newsome sold 698 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $572.22, for a total transaction of $399,409.56. Following the transaction, the vice president directly owned 4,479 shares of the company’s stock, valued at $2,562,973.38. This represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by company insiders.

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.