Mach 1 Financial Group LLC Acquires New Stake in Cummins Inc. $CMI

Mach 1 Financial Group LLC acquired a new stake in Cummins Inc. (NYSE:CMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,231 shares of the company’s stock, valued at approximately $628,000.

A number of other large investors have also modified their holdings of CMI. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cummins by 10,317.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock worth $1,254,929,000 after buying an additional 2,434,876 shares in the last quarter. Boston Partners acquired a new stake in Cummins in the 3rd quarter valued at about $473,471,000. London Co. of Virginia purchased a new position in Cummins in the 3rd quarter worth approximately $231,732,000. Bank of New York Mellon Corp lifted its stake in Cummins by 50.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,450,659 shares of the company’s stock worth $612,715,000 after purchasing an additional 488,430 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Cummins by 103.8% during the 4th quarter. Nordea Investment Management AB now owns 546,540 shares of the company’s stock worth $280,397,000 after purchasing an additional 278,350 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Analyst Upgrades and Downgrades

CMI has been the subject of several recent research reports. Raymond James Financial increased their price target on Cummins from $585.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, February 9th. JPMorgan Chase & Co. boosted their price objective on Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group set a $565.00 target price on Cummins and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings lowered Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Citigroup boosted their price target on shares of Cummins from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average target price of $677.87.

Cummins Stock Down 4.7%

CMI stock opened at $638.16 on Friday. Cummins Inc. has a one year low of $307.90 and a one year high of $718.08. The firm has a market cap of $88.06 billion, a PE ratio of 33.12, a PEG ratio of 1.69 and a beta of 1.27. The firm’s 50 day moving average price is $610.34 and its 200-day moving average price is $561.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same quarter last year, the firm earned $5.96 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cummins Inc. will post 28.39 EPS for the current year.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, May 22nd will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is presently 41.52%.

Insider Transactions at Cummins

In other Cummins news, VP Donald G. Jackson sold 730 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $710.92, for a total value of $518,971.60. Following the transaction, the vice president owned 8,316 shares of the company’s stock, valued at $5,912,010.72. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan R. Stoner sold 607 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $694.06, for a total transaction of $421,294.42. Following the transaction, the vice president directly owned 9,447 shares of the company’s stock, valued at approximately $6,556,784.82. This trade represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,397 shares of company stock worth $14,465,833 in the last 90 days. Insiders own 0.30% of the company’s stock.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks Research raised earnings estimates across multiple future periods for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while keeping a Strong-Buy rating. Higher profit forecasts typically support a stronger valuation.
• Positive Sentiment: Cummins also said at its investor day that it is raising 2030 financial targets and investing in large-engine capacity and product development, signaling confidence in longer-term growth and profitability. Article
• Positive Sentiment: A Barron’s report highlighted that CEO Jennifer Rumsey is positioning Cummins to benefit from the AI/datacenter buildout, which may improve investor sentiment around future demand. Article
• Neutral Sentiment: Seeking Alpha posted an Analyst/Investor Day slideshow, which mainly reiterates the company’s strategy and is less likely to be a direct stock-moving catalyst. Article
• Negative Sentiment: A separate Business Wire item said a Delaware jury found Cummins liable for misappropriating C3 AI trade secrets. While the market appears more focused on the bullish growth updates, the legal ruling could still create risk or headline pressure. Article

About Cummins

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.