Caisse de depot et placement du Quebec Buys New Position in Cummins Inc. $CMI

Posted by Francis Steltz on Aug 27th, 2026

Caisse de depot et placement du Quebec acquired a new stake in shares of Cummins Inc. (NYSE:CMI – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 182,084 shares of the company’s stock, valued at approximately $129,864,000.

Several other institutional investors have also recently made changes to their positions in the company. Man Group plc bought a new position in Cummins in the second quarter worth $133,725,000. Invst LLC purchased a new stake in shares of Cummins in the second quarter worth $531,000. Valtrion Capital Management LLC bought a new position in shares of Cummins during the second quarter valued at $1,740,000. Jupiter Topco LLC bought a new position in shares of Cummins during the second quarter valued at $25,792,000. Finally, Ancora Advisors LLC purchased a new position in shares of Cummins in the 2nd quarter worth about $213,000. Institutional investors own 83.46% of the company’s stock.

Cummins Trading Up 1.0%

Shares of NYSE:CMI opened at $578.41 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. Cummins Inc. has a 1 year low of $389.52 and a 1 year high of $737.76. The company has a market cap of $79.62 billion, a P/E ratio of 29.56, a PEG ratio of 1.36 and a beta of 1.24. The stock’s fifty day moving average price is $653.34 and its 200-day moving average price is $628.37.

Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $6.73 EPS for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a return on equity of 25.29% and a net margin of 7.82%.The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the business posted $6.43 earnings per share. Cummins’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Cummins Inc. will post 30.06 earnings per share for the current year.

Cummins Increases Dividend

The business 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 $2.20 dividend. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. This represents a $8.80 dividend on an annualized basis and a yield of 1.5%. Cummins’s payout ratio is presently 44.97%.

Insider Buying and Selling

In other Cummins news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction 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 completion of the sale, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial raised their price objective 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. Citigroup upped their target price on shares of Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price target on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Argus raised their price target on shares of Cummins from $696.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Cummins presently has an average rating of “Moderate Buy” and a consensus target price of $745.64.

Get Our Latest Research Report on CMI

Key Cummins News

Here are the key news stories impacting Cummins this week:

Positive Sentiment: Analyst support remains favorable. Jefferies reaffirmed its Buy rating, while Zacks Research raised its EPS forecasts across several periods: Q3 2026 to $8.51, FY2027 to $34.10 and FY2028 to $40.91. Zacks nevertheless maintains a Hold rating. Jefferies Sticks to Its Buy Rating for Cummins
Positive Sentiment: AI-related power demand is a potential growth catalyst. Industry expectations for substantial hyperscaler spending on artificial intelligence are highlighting Cummins’ backup generators and power systems as “picks-and-shovels” beneficiaries as data centers face electricity constraints. Hyperscalers Will Spend $750 Billion on AI This Year. Cummins Sells the Backup Power.
Positive Sentiment: The dividend was increased. Cummins declared a quarterly dividend of $2.20 per share, up from $2.00, equivalent to an $8.80 annualized payout and a roughly 1.5% yield. The increase reinforces the company’s shareholder-return appeal.
Neutral Sentiment: Valuation and recent fundamentals are mixed. Cummins is valued at approximately 29 times earnings, and analysts expect about $30.06 in current-year EPS. Revenue recently grew 9.4% year over year to $9.46 billion, but quarterly EPS of $6.73 missed consensus by $0.48, indicating profitability remains a risk.
Negative Sentiment: An insider reduced exposure. Vice President Earl Newsome sold 698 shares for approximately $399,410, cutting his direct holdings by 13.48%. The transaction is relatively small compared with his remaining position but may be viewed as a modest negative signal.

About Cummins

(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.