1,742 Shares in Cummins Inc. $CMI Acquired by Proficio Capital Partners LLC

Key Points

• Proficio Capital Partners acquired 1,742 Cummins shares worth approximately $1.24 million during the second quarter. Institutional investors collectively own 83.46% of the company.
• Cummins reported 9.4% year-over-year revenue growth to $9.46 billion, but quarterly EPS of $6.73 missed analyst expectations of $7.21.
• The company raised its quarterly dividend to $2.20 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $745.64.

Proficio Capital Partners LLC bought a new stake in Cummins Inc. (NYSE:CMI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,742 shares of the company's stock, valued at approximately $1,242,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Cummins by 4.1% in the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company's stock valued at $736,000 after purchasing an additional 83 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Cummins by 40.8% during the first quarter. Intech Investment Management LLC now owns 3,956 shares of the company's stock worth $1,240,000 after purchasing an additional 1,146 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Cummins by 2.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company's stock worth $21,055,000 after acquiring an additional 1,759 shares in the last quarter. ICW Investment Advisors LLC acquired a new position in shares of Cummins during the 2nd quarter worth about $225,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Cummins in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 83.46% of the company's stock.

Cummins Stock Performance

Shares of CMI stock opened at $578.41 on Thursday. Cummins Inc. has a 52-week low of $389.52 and a 52-week high of $737.76. The stock's 50-day moving average price is $653.34 and its 200 day moving average price is $628.37. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $79.62 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Cummins (NYSE:CMI - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The company had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.33 billion. During the same quarter last year, the business posted $6.43 earnings per share. The company's revenue for the quarter 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 EPS 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 paid a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $8.80 annualized dividend and a yield of 1.5%. This is an increase from Cummins's previous quarterly dividend of $2.00. Cummins's dividend payout ratio is presently 44.97%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMI. Sanford C. Bernstein restated a "market perform" rating and set a $700.00 target price on shares of Cummins in a research note on Wednesday, August 5th. Evercore restated an "outperform" rating and set a $845.00 price objective on shares of Cummins in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on shares of Cummins from $600.00 to $725.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Barclays lifted 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. Finally, UBS Group reduced their price target on shares of Cummins from $850.00 to $835.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Cummins presently has a consensus rating of "Moderate Buy" and a consensus target price of $745.64.

Insider Transactions at Cummins

In other Cummins news, VP Earl Newsome sold 698 shares of the company'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 transaction, the vice president owned 4,479 shares in the company, valued at approximately $2,562,973.38. This represents a 13.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company's stock.

Cummins News Summary

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

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.

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