Cummins Inc. $CMI Stake Boosted by Truist Financial Corp

Key Points

• Truist Financial Corp boosted its stake in Cummins by 4.8% in Q4 to 64,005 shares valued at $32.67M; institutional investors now own 83.46% of the stock while insiders sold 31,195 shares (~$18.4M) over the past three months.
• Cummins beat Q1 expectations with EPS of $6.15 and $8.40B in revenue, raised its full‑year revenue outlook, and saw several analysts (Wells Fargo, Truist, Citi) lift price targets — the stock has a consensus Moderate Buy rating with a $600.27 target.

Truist Financial Corp grew its stake in shares of Cummins Inc. (NYSE:CMI - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,005 shares of the company's stock after purchasing an additional 2,951 shares during the quarter. Truist Financial Corp's holdings in Cummins were worth $32,671,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC grew its holdings in shares of Cummins by 0.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company's stock valued at $1,908,000 after purchasing an additional 18 shares during the last quarter. Financial Consulate Inc. boosted its position in shares of Cummins by 16.8% during the fourth quarter. Financial Consulate Inc. now owns 125 shares of the company's stock worth $64,000 after buying an additional 18 shares during the period. Gilbert & Cook Inc. boosted its position in shares of Cummins by 1.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,856 shares of the company's stock worth $947,000 after buying an additional 19 shares during the period. Sound View Wealth Advisors Group LLC boosted its position in shares of Cummins by 2.1% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 981 shares of the company's stock worth $501,000 after buying an additional 20 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in shares of Cummins by 2.3% during the fourth quarter. Red Door Wealth Management LLC now owns 878 shares of the company's stock worth $448,000 after buying an additional 20 shares during the period. 83.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMI has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Cummins from $630.00 to $693.00 and gave the stock an "overweight" rating in a research report on Monday, April 13th. Robert W. Baird set a $580.00 price objective on Cummins in a research report on Friday, February 6th. Argus set a $696.00 price objective on Cummins in a research report on Tuesday, February 10th. Truist Financial boosted their price objective on Cummins from $703.00 to $730.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Finally, Citigroup boosted their price objective on Cummins from $630.00 to $710.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $600.27.

Insider Transactions at Cummins

In other Cummins news, Director William I. Miller sold 18,107 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $597.10, for a total value of $10,811,689.70. Following the transaction, the director owned 34,243 shares of the company's stock, valued at approximately $20,446,495.30. This represents a 34.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Donald G. Jackson sold 1,600 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $600.13, for a total value of $960,208.00. Following the completion of the transaction, the vice president directly owned 7,214 shares in the company, valued at $4,329,337.82. This represents a 18.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,195 shares of company stock valued at $18,397,489 over the last three months. 0.30% of the stock is owned by company insiders.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Q1 results topped expectations — EPS of $6.15 vs. $5.60 consensus and revenue of $8.40B slightly above estimates; margins were helped by strong Power Systems and data‑center demand. Cummins' Q1 Earnings Beat on Strong Power Systems Results
• Positive Sentiment: Management raised its full‑year revenue outlook, citing resilient power‑generation demand and expectations of recovery in North America on‑highway markets — a direct catalyst for upside to consensus revenue. Cummins raises revenue outlook on robust power generation demand
• Positive Sentiment: Market‑momentum coverage highlights improved relative strength for Cummins (S&P 500 and NYSE Composite momentum), which can attract more index/quant flows. Cummins Growth Story Strengthens With S&P 500 Momentum
• Neutral Sentiment: Company materials (press release, slide deck, and call transcript) are available for investors to review management detail and segment trends. Listen to Conference Call / View Press Release
• Neutral Sentiment: Analysts continue to model strong ROE and elevated EPS for the year; the stock’s valuation (PE ~33, PEG ~2.1) reflects growth expectations and could limit upside if execution slips. Cummins Inc. 2026 Q1 - Results - Earnings Call Presentation
• Negative Sentiment: Trucking and on‑highway weakness was called out on the earnings call; Engines & Components sales declined year‑over‑year, which is a risk if heavy‑duty demand remains soft. Cummins Inc. Lifts Outlook Despite Trucking Weakness
• Negative Sentiment: Execution or a reversal in power‑generation/data‑center orders could pressure margins and investor sentiment given current premium valuation. Cummins (CMI) Reports Q1 Earnings: What Key Metrics Have to Say

Cummins Stock Performance

CMI opened at $674.88 on Wednesday. The company has a market capitalization of $93.24 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.76 and a quick ratio of 1.16. Cummins Inc. has a 1-year low of $296.59 and a 1-year high of $689.35. The business has a 50 day moving average price of $582.66 and a two-hundred day moving average price of $539.56.

Cummins (NYSE:CMI - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.96 earnings per share. Research analysts predict that Cummins Inc. will post 26.05 EPS for the current fiscal year.

Cummins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, February 20th. Cummins's dividend payout ratio is 38.99%.

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.

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