Cummins Inc. $CMI Holdings Trimmed by Fairvoy Private Wealth LLC

Posted by Francis Steltz on Oct 19th, 2026

Fairvoy Private Wealth LLC lowered its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 20.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,957 shares of the company’s stock after selling 1,826 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Cummins were worth $3,594,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Cummins during the second quarter worth about $8,204,241,000. Bank of America Corp DE bought a new stake in Cummins in the 2nd quarter valued at about $1,408,353,000. Bank of New York Mellon Corp bought a new stake in Cummins in the 2nd quarter valued at about $973,198,000. Legal & General Group Plc acquired a new position in shares of Cummins during the 2nd quarter worth approximately $666,635,000. Finally, Amundi grew its position in shares of Cummins by 19.7% during the 2nd quarter. Amundi now owns 893,772 shares of the company’s stock worth $637,446,000 after purchasing an additional 147,093 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

Cummins Price Performance

CMI traded down $8.95 on Monday, hitting $522.38. 1,230,360 shares of the stock were exchanged, compared to its average volume of 993,487. Cummins Inc. has a 12 month low of $407.57 and a 12 month high of $737.76. The business has a 50-day moving average of $555.86 and a two-hundred day moving average of $620.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. The firm has a market capitalization of $71.91 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.40 and a beta of 1.24.

Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) 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 firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same quarter in the previous year, the company earned $6.43 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Cummins Inc. will post 29.98 EPS for the current fiscal year.

Cummins Announces Dividend

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

Insider Activity

In related news, VP Earl Newsome sold 698 shares of the 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 sale, the vice president 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CMI. Bank of America lowered their target price on shares of Cummins from $731.00 to $600.00 in a report on Thursday, September 24th. UBS Group cut their price target on Cummins from $835.00 to $741.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Wall Street Zen cut Cummins from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup reduced their price target on Cummins from $790.00 to $630.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, CICC Research started coverage on Cummins in a research note on Sunday, August 23rd. They set an “outperform” rating and a $781.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average price target of $703.18.

View Our Latest Report on Cummins

About Cummins

(Free Report)

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

Cummins’ product portfolio includes diesel and natural gas engines, generators and other power-generation equipment, as well as fuel systems, filtration products, emissions-control systems, turbochargers and drivetrain components.