Cummins Inc. $CMI Stake Increased by Parallel Advisors LLC

Posted by Francis Steltz on Nov 8th, 2026

Parallel Advisors LLC lifted its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 39.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,906 shares of the company’s stock after purchasing an additional 2,523 shares during the quarter. Parallel Advisors LLC’s holdings in Cummins were worth $4,601,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plancorp LLC lifted its holdings in shares of Cummins by 42.6% during the 3rd quarter. Plancorp LLC now owns 703 shares of the company’s stock valued at $352,000 after acquiring an additional 210 shares in the last quarter. LightSquare Wealth Management LLC boosted its position in Cummins by 13.9% during the 3rd quarter. LightSquare Wealth Management LLC now owns 433 shares of the company’s stock worth $224,000 after purchasing an additional 53 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in Cummins by 9.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,632 shares of the company’s stock valued at $843,000 after purchasing an additional 144 shares in the last quarter. Asset One Wealth Management LLC increased its holdings in Cummins by 5.5% in the 3rd quarter. Asset One Wealth Management LLC now owns 11,205 shares of the company’s stock valued at $5,788,000 after purchasing an additional 588 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC increased its holdings in Cummins by 81.9% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 644 shares of the company’s stock valued at $333,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins Price Performance

CMI opened at $450.56 on Friday. Cummins Inc. has a twelve month low of $443.62 and a twelve month high of $737.76. The firm has a market cap of $62.03 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.19 and a beta of 1.26. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $526.45 and a 200 day simple moving average of $599.60.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $8.25 EPS for the quarter, topping analysts’ consensus estimates of $8.20 by $0.05. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.89 billion. Cummins had a net margin of 9.26% and a return on equity of 26.82%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.59 EPS. Equities research analysts expect that Cummins Inc. will post 29.98 EPS for the current fiscal year.

Cummins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 20th will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 20th. Cummins’s payout ratio is presently 36.73%.

Insider Activity

In related news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total value of $399,409.56. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings cut Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on Cummins from $690.00 to $600.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. DA Davidson raised their target price on Cummins from $605.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered Cummins from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $700.00 price target on shares of Cummins in a report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cummins currently has a consensus rating of “Moderate Buy” and an average price target of $674.53.

View Our Latest Analysis on Cummins

Cummins Company Profile

(Free Report)

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.