NBT Bank N.A. Acquires 1,313 Shares of Cummins Inc. $CMI

Posted by Francis Steltz on Oct 24th, 2026

NBT Bank N.A. acquired a new stake in Cummins Inc. (NYSE:CMI – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,313 shares of the company’s stock, valued at approximately $678,000.

A number of other hedge funds have also recently bought and sold shares of CMI. BlackRock Inc. bought a new stake in shares of Cummins during the second quarter worth $8,204,241,000. Bank of America Corp DE acquired a new position in shares of Cummins during the second quarter valued at $1,408,353,000. Bank of New York Mellon Corp bought a new position in Cummins in the second quarter valued at about $973,198,000. Legal & General Group Plc bought a new position in Cummins in the second quarter valued at about $666,635,000. Finally, Vontobel Holding Ltd. increased its position in Cummins by 1,436.1% in the third quarter. Vontobel Holding Ltd. now owns 584,674 shares of the company’s stock worth $302,025,000 after purchasing an additional 546,613 shares during the period. 83.46% of the stock is currently owned by institutional investors.

Cummins Stock Down 0.4%

Shares of Cummins stock opened at $517.64 on Friday. The business has a fifty day simple moving average of $545.26 and a 200 day simple moving average of $619.42. The stock has a market cap of $71.26 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. Cummins Inc. has a 12 month low of $413.98 and a 12 month high of $737.76.

Cummins (NYSE:CMI – Get Free Report) last released its 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 company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the previous year, the company posted $6.43 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Cummins Inc. will post 29.98 EPS for the current year.

Cummins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 20th will be paid 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 dividend yield of 1.7%. Cummins’s dividend payout ratio is 44.97%.

Analysts Set New Price Targets

Several analysts have weighed in on CMI shares. Zacks Research cut Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. cut their target price on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Evercore reduced their target price on shares of Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Barclays lowered their price target on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, Morgan Stanley boosted their price target on shares of Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $703.18.

View Our Latest Stock Report on CMI

Insider Buying and Selling at Cummins

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 value of $399,409.56. Following the sale, the vice president directly owned 4,479 shares in the company, valued at $2,562,973.38. This trade represents a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Cummins Profile

(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.