Rakuten Investment Management Inc. Decreases Stock Position in Cummins Inc. $CMI

Posted by Geri Gentry on Jun 17th, 2026

Rakuten Investment Management Inc. cut its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,148 shares of the company’s stock after selling 7,100 shares during the period. Rakuten Investment Management Inc.’s holdings in Cummins were worth $9,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cynosure Group LLC acquired a new position in Cummins in the 4th quarter valued at about $575,000. 71 West Capital Partners acquired a new position in Cummins in the 4th quarter valued at about $432,000. Alkeon Capital Management LLC acquired a new position in Cummins in the 4th quarter valued at about $96,986,000. Oarsman Capital Inc. raised its stake in Cummins by 2.6% in the 4th quarter. Oarsman Capital Inc. now owns 5,745 shares of the company’s stock valued at $2,933,000 after purchasing an additional 145 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Cummins in the 4th quarter valued at about $1,531,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Cummins Trading Up 3.2%

NYSE CMI opened at $701.15 on Wednesday. Cummins Inc. has a 12 month low of $307.90 and a 12 month high of $718.08. The company has a 50-day moving average of $654.05 and a 200-day moving average of $586.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11. The company has a market cap of $96.75 billion, a P/E ratio of 36.39, a P/E/G ratio of 1.66 and a beta of 1.24.

Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. During the same quarter in the prior year, the company posted $5.96 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Cummins Inc. will post 29.29 earnings per share for the current year.

Cummins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were issued a dividend of $2.00 per share. The ex-dividend date was Friday, May 22nd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.1%. Cummins’s payout ratio is presently 41.52%.

Insider Buying and Selling at Cummins

In other news, VP Jennifer Mary Bush sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the completion of the sale, the vice president owned 11,986 shares in the company, valued at approximately $8,344,773.06. The trade was a 29.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bonnie J. Fetch sold 652 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $700.19, for a total value of $456,523.88. Following the sale, the executive vice president owned 11,679 shares of the company’s stock, valued at $8,177,519.01. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,579 shares of company stock worth $9,377,684. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMI. Raymond James Financial boosted their target price on shares of Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $700.00 target price on shares of Cummins in a research note on Wednesday, May 6th. Truist Financial set a $815.00 target price on shares of Cummins in a research note on Wednesday, May 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Finally, UBS Group raised shares of Cummins from a “neutral” rating to a “buy” rating and boosted their target price for the company from $565.00 to $850.00 in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $726.14.

Get Our Latest Report on CMI

Cummins Profile

(Free Report)

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.