Boston Trust Walden Corp reduced its stake in Cummins Inc. (NYSE:CMI – Free Report) by 25.1% during the 3rd quarter, Holdings Channel reports. The firm owned 8,973 shares of the company’s stock after selling 3,014 shares during the period. Boston Trust Walden Corp’s holdings in Cummins were worth $4,635,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in CMI. Persistent Asset Partners Ltd bought a new stake in Cummins in the second quarter valued at about $26,000. Elevation Wealth Partners LLC grew its position in shares of Cummins by 91.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock worth $33,000 after buying an additional 22 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after buying an additional 45 shares during the period. Cornerstone Financial Management LLC increased its stake in shares of Cummins by 65.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 63 shares of the company’s stock valued at $45,000 after acquiring an additional 25 shares during the last quarter. Finally, Balance Wealth Partners LLC bought a new stake in shares of Cummins in the 3rd quarter valued at about $32,000. 83.46% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Cummins
Here are the key news stories impacting Cummins this week:
- Positive Sentiment: Third-quarter EPS of $8.25 edged past the $8.20 consensus, and revenue rose 13.5% year over year to $9.44 billion. The company also pointed to strong data-center demand, recovering shipments and capacity expansion as growth supports. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
- Neutral Sentiment: Citigroup, Truist Financial and Wells Fargo cut their price targets, but maintained buy or overweight ratings. Their revised targets still imply upside from the quoted share price, tempering—but not erasing—the signal from the reductions. Citigroup recommendations Truist Financial recommendations Wells Fargo recommendations
- Negative Sentiment: Cummins lowered its FY2026 revenue guidance to $37.0 billion, below the roughly $37.7 billion consensus, citing pickup-truck weakness. Third-quarter revenue also fell short of analyst expectations, raising concern that softer vehicle demand could offset strength in data-center-related business. Cummins Q3 profit more than doubles; cuts FY26 revenue outlook
Cummins Stock Performance
Shares of CMI opened at $450.56 on Friday. 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 twelve month low of $443.62 and a twelve month high of $737.76. The firm’s 50 day moving average price is $526.45 and its two-hundred day moving average price is $599.60. The firm has a market cap of $62.02 billion, a P/E ratio of 18.80, a PEG ratio of 1.32 and a beta of 1.26.
Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $8.25 EPS for the quarter, beating the consensus estimate of $8.20 by $0.05. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.59 EPS. On average, analysts forecast that Cummins Inc. will post 29.98 EPS for the current fiscal year.
Cummins Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 20th will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 20th. Cummins’s dividend payout ratio (DPR) is currently 44.97%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Cummins from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. reduced their price target 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. Barclays lowered their price objective 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, Evercore dropped their price objective on Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $674.53.
Get Our Latest Stock Report on Cummins
Insider Buying and Selling
In other Cummins news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $572.22, for a total value of $399,409.56. Following the sale, the vice president owned 4,479 shares in the company, valued at approximately $2,562,973.38. The trade was a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.
Cummins Profile
Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.
The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.
Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.
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