Meeder Advisory Services Inc. Buys New Position in Cummins Inc. $CMI

Posted by George Bondi on Aug 19th, 2026

Meeder Advisory Services Inc. acquired a new position in Cummins Inc. (NYSE:CMI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,026 shares of the company’s stock, valued at approximately $4,298,000.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Cummins during the second quarter valued at about $9,191,000. Tiemann Investment Advisors LLC purchased a new position in Cummins during the 2nd quarter worth approximately $1,112,000. Citizens Financial Group Inc. RI acquired a new stake in Cummins during the 2nd quarter valued at $27,366,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Cummins in the second quarter valued at $326,000. Finally, UNIVEST FINANCIAL Corp acquired a new stake in shares of Cummins in the second quarter worth $316,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Cummins Trading Down 3.2%

NYSE:CMI opened at $620.43 on Wednesday. The company has a market capitalization of $85.41 billion, a P/E ratio of 31.70, a P/E/G ratio of 1.50 and a beta of 1.24. The stock’s 50 day moving average price is $664.02 and its 200 day moving average price is $628.32. 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 $389.52 and a 52 week high of $737.76.

Cummins (NYSE:CMI – Get Free Report) last posted its earnings results 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). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. During the same quarter last year, the firm earned $6.43 earnings per share. Cummins’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts forecast that Cummins Inc. will post 30.06 EPS for the current fiscal year.

Cummins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a yield of 1.4%. Cummins’s dividend payout ratio (DPR) is currently 40.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMI. Barclays upped their price target on Cummins from $610.00 to $760.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $700.00 price target on shares of Cummins in a research report on Wednesday, May 6th. Truist Financial set a $894.00 price target on shares of Cummins in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Morgan Stanley increased their target price on shares of Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $745.64.

Check Out Our Latest Stock Analysis on Cummins

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.