Mitsubishi UFJ Asset Management Co. Ltd. Acquires 12,728 Shares of Cummins Inc. $CMI

Key Points

• Mitsubishi UFJ Asset Management raised its Cummins stake by 4.4%, acquiring 12,728 shares to hold 303,235 shares (about 0.22% of the company) valued at roughly $158.4 million at quarter-end.
• Cummins beat Q1 expectations with $6.15 EPS versus $5.63 consensus and $8.40B revenue, raised FY‑2026 revenue guidance to ~$36.4B–$37.4B, and saw several analyst price‑target upgrades supporting a "Moderate Buy" consensus.
• Insiders have been net sellers, disposing of 31,195 shares (~$18.4M) in the last three months, leaving corporate insiders with about 0.30% ownership.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cummins Inc. (NYSE:CMI - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,235 shares of the company's stock after acquiring an additional 12,728 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Cummins worth $158,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thompson Investment Management Inc. bought a new stake in Cummins in the fourth quarter valued at about $26,000. Activest Wealth Management increased its stake in Cummins by 537.5% in the fourth quarter. Activest Wealth Management now owns 51 shares of the company's stock valued at $26,000 after acquiring an additional 43 shares during the period. Ares Financial Consulting LLC bought a new stake in Cummins in the fourth quarter valued at about $29,000. Holos Integrated Wealth LLC bought a new stake in Cummins in the fourth quarter valued at about $32,000. Finally, Palouse Capital Management Inc. bought a new stake in Cummins in the fourth quarter valued at about $33,000. Institutional investors own 83.46% of the company's stock.

Cummins Price Performance

NYSE:CMI opened at $716.95 on Thursday. The firm has a market cap of $99.05 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. Cummins Inc. has a 12 month low of $296.59 and a 12 month high of $717.33. The company has a quick ratio of 1.16, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $585.27 and its two-hundred day moving average price is $541.64.

Cummins (NYSE:CMI - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.37 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.96 earnings per share. On average, equities analysts anticipate that Cummins Inc. will post 26.05 EPS for the current fiscal year.

Cummins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 20th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, February 20th. Cummins's dividend payout ratio is presently 38.99%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMI shares. Morgan Stanley upped their target price on shares of Cummins from $675.00 to $752.00 and gave the company an "overweight" rating in a research note on Wednesday. Sanford C. Bernstein set a $600.00 price target on shares of Cummins and gave the company a "market perform" rating in a research report on Friday, February 6th. Truist Financial set a $815.00 price target on shares of Cummins in a research report on Wednesday. Zacks Research lowered shares of Cummins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cummins in a research report on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $649.47.

Cummins News Roundup

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Q1 results beat expectations — Cummins reported $6.15 EPS vs. consensus ~$5.63 and revenue of $8.40B, driven by strong Power Systems and data‑center demand that lifted margins. Cummins' Q1 Earnings Beat
• Positive Sentiment: Company raised FY‑2026 revenue guidance to roughly $36.4B–$37.4B (above Street), citing resilient power‑generation demand — supports upside to results and margins. Cummins raises revenue outlook
• Positive Sentiment: Wells Fargo bumped its price target to $794 and moved to an "overweight" rating — a sizable analyst upgrade that likely added buying interest. Wells Fargo PT raise Benzinga
• Neutral Sentiment: JPMorgan raised its target to $725 but kept a "neutral" rating — increases credibility of the upside but less forceful than an outright buy/overweight call. JPMorgan PT raise
• Neutral Sentiment: Management is refocusing the portfolio toward zero‑emission growth after a mixed Q1, signaling strategic investment that can boost long‑term growth but may pressure near‑term margins. Refocus on zero emission growth
• Negative Sentiment: Trucking/on‑highway end markets showed weakness (noted on the earnings call), a potential near‑term headwind to engine and components sales — monitor trends in North American on‑highway demand. Trucking weakness note

Insider Activity at Cummins

In other news, VP Amy Rochelle Davis sold 4,054 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $561.34, for a total transaction of $2,275,672.36. Following the transaction, the vice president directly owned 15,807 shares in the company, valued at approximately $8,873,101.38. This represents a 20.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William I. Miller sold 18,107 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $597.10, for a total transaction of $10,811,689.70. Following the transaction, the director owned 34,243 shares in the company, valued at $20,446,495.30. The trade was a 34.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,195 shares of company stock valued at $18,397,489 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

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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