Dearborn Partners LLC Buys Shares of 1,304 Cummins Inc. $CMI

Dearborn Partners LLC purchased a new stake in shares of Cummins Inc. (NYSE:CMI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,304 shares of the company’s stock, valued at approximately $930,000.

Several other large investors also recently added to or reduced their stakes in CMI. Truist Financial Corp grew its stake in Cummins by 4.8% during the fourth quarter. Truist Financial Corp now owns 64,005 shares of the company’s stock valued at $32,671,000 after acquiring an additional 2,951 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new stake in Cummins in the 4th quarter worth approximately $7,869,000. Westfield Capital Management Co. LP bought a new position in Cummins in the 4th quarter valued at $7,797,000. Nomura Asset Management Co. Ltd. grew its position in shares of Cummins by 26.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 113,648 shares of the company’s stock valued at $58,012,000 after purchasing an additional 24,080 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Cummins in the first quarter worth $3,766,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Cummins News Roundup

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Large battery-storage win expands the AI opportunity. Cummins reportedly secured its largest battery energy-storage-system order for a major U.S. data center. The deal supports the company’s strategy of supplying reliable power for rapidly growing data-center electricity demand and could strengthen the bull case for its Power Systems business. Cummins (CMI) Lands Its Biggest Battery Storage Deal For A Major US Data Center
• Positive Sentiment: AI data-center exposure is becoming a larger growth narrative. A separate analysis argues that Cummins’ battery-storage win may reshape the investment thesis by positioning the company as an infrastructure supplier to AI campuses, rather than solely as a traditional engine manufacturer. Does Cummins’ Landmark AI Data Center BESS Win Reshape The Bull Case For Cummins (CMI)?
• Positive Sentiment: Jefferies maintained its Buy rating. Continued bullish support from Jefferies provides a favorable signal, although the article does not indicate whether the firm changed its price target. Jefferies Sticks to Its Buy Rating for Cummins (CMI)
• Neutral Sentiment: Analysts made mixed EPS revisions. Zacks Research raised estimates for fourth-quarter 2026 EPS to $8.49 from $7.31 and lifted full-year 2026 EPS to $30.09 from $29.28. However, it reduced estimates for second-quarter 2027 EPS to $8.27 from $8.62 and first-quarter 2028 EPS to $8.38 from $9.07. Zacks retained a Hold rating.
• Neutral Sentiment: Finance leadership was reorganized. Cummins appointed Hopkins to a new finance role. The move may improve financial oversight, but no immediate earnings or strategic impact was reported. Cummins Appoints Hopkins to New Finance Role
• Negative Sentiment: An executive stock sale adds a modest overhang. Vice President Earl Newsome sold 698 shares worth approximately $399,410, reducing his direct holdings by 13.48%. A single insider sale is not necessarily a signal about fundamentals, but it can weigh on sentiment.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Citigroup upped their target price on 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 lifted their price target on Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Raymond James Financial boosted their price objective on Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, UBS Group decreased their price objective on shares of Cummins from $850.00 to $835.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $745.64.

Cummins Trading Down 0.7%

Shares of CMI opened at $574.06 on Friday. Cummins Inc. has a fifty-two week low of $389.52 and a fifty-two week high of $737.76. The firm has a market cap of $79.02 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.38 and a beta of 1.24. The firm has a 50 day moving average price of $650.49 and a 200-day moving average price of $628.35. 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 (NYSE:CMI) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (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 company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the business earned $6.43 earnings per share. Cummins’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Cummins Inc. will post 30.06 earnings per share for the current year.

Cummins Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.5%. Cummins’s dividend payout ratio is presently 44.97%.

Insider Activity at Cummins

In other news, VP Earl Newsome sold 698 shares of the stock in a transaction dated 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. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Cummins Company Profile

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.