Todd Asset Management LLC Decreases Stake in Cummins Inc. $CMI

Todd Asset Management LLC reduced its position in Cummins Inc. (NYSE:CMI) by 10.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 122,771 shares of the company’s stock after selling 14,758 shares during the period. Cummins accounts for 1.2% of Todd Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Todd Asset Management LLC’s holdings in Cummins were worth $62,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMI. Northwestern Mutual Wealth Management Co. raised its position in Cummins by 10,317.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after purchasing an additional 2,434,876 shares during the period. Boston Partners purchased a new stake in Cummins during the third quarter valued at approximately $473,471,000. London Co. of Virginia purchased a new stake in Cummins during the third quarter valued at approximately $231,732,000. Bank of New York Mellon Corp grew its stake in shares of Cummins by 50.8% during the third quarter. Bank of New York Mellon Corp now owns 1,450,659 shares of the company’s stock valued at $612,715,000 after buying an additional 488,430 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Cummins by 103.8% during the fourth quarter. Nordea Investment Management AB now owns 546,540 shares of the company’s stock valued at $280,397,000 after buying an additional 278,350 shares during the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Donald G. Jackson sold 730 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total transaction of $518,971.60. Following the completion of the sale, the vice president owned 8,316 shares in the company, valued at approximately $5,912,010.72. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nathan R. Stoner sold 607 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $694.06, for a total value of $421,294.42. Following the sale, the vice president owned 9,447 shares of the company’s stock, valued at approximately $6,556,784.82. This represents a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,233 shares of company stock worth $12,613,565. Company insiders own 0.30% of the company’s stock.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks Research raised multiple earnings forecasts for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while maintaining a Strong-Buy rating. Cummins stock page
• Positive Sentiment: The analyst also lifted near-term quarterly estimates across 2026 and 2027, suggesting expectations for sustained earnings momentum rather than a one-quarter boost. Cummins stock page
• Positive Sentiment: At its investor day, Cummins said it is raising its 2030 financial targets and announced large-engine capacity and product investments, signaling confidence in future growth and profitability. Business Wire article
• Positive Sentiment: Coverage of the investor event also highlighted how Cummins is positioning itself for opportunities tied to the AI boom, which may have helped sentiment around the stock. Barron’s article

Cummins Stock Up 0.1%

Shares of NYSE CMI opened at $640.41 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $88.37 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. The stock’s fifty day simple moving average is $612.02 and its two-hundred day simple moving average is $563.41. Cummins Inc. has a 12-month low of $307.90 and a 12-month high of $718.08.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.52. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.96 EPS. As a group, analysts expect that Cummins Inc. will post 28.93 EPS for the current fiscal year.

Cummins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 22nd. Cummins’s dividend payout ratio is currently 41.52%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Argus set a $696.00 target price on Cummins in a research note on Tuesday, February 10th. Wolfe Research cut Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price objective on the stock. in a research note on Monday, January 26th. Robert W. Baird set a $700.00 price objective on Cummins in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on Cummins from $693.00 to $794.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $815.00 target price on Cummins in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $677.87.

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.