Swedbank AB Boosts Position in Cummins Inc. $CMI

Key Points

• Swedbank AB boosted its stake in Cummins by 46.8% in Q4, acquiring an additional 47,756 shares to hold 149,772 shares valued at about $76.45 million (≈0.11% of the company).
• Cummins reported a Q1 earnings beat (EPS $6.15 vs. $5.63), raised FY‑2026 revenue guidance to roughly $36.4B–$37.4B, and received analyst upgrades including Wells Fargo lifting its price target to $794 amid a consensus "Moderate Buy."
• Company insiders have been net sellers recently — 31,195 shares were sold in the past 90 days (≈$18.4M) and insiders now own only about 0.30% of the stock.

Swedbank AB grew its holdings in Cummins Inc. (NYSE:CMI - Free Report) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,772 shares of the company's stock after acquiring an additional 47,756 shares during the period. Swedbank AB owned about 0.11% of Cummins worth $76,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMI. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cummins by 8.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,031 shares of the company's stock worth $13,107,000 after buying an additional 2,417 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Cummins by 2.1% in the third quarter. New York State Teachers Retirement System now owns 111,911 shares of the company's stock worth $47,268,000 after acquiring an additional 2,305 shares during the period. Bailard Inc. boosted its stake in shares of Cummins by 7.2% during the 3rd quarter. Bailard Inc. now owns 59,830 shares of the company's stock worth $25,270,000 after acquiring an additional 4,035 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Cummins by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 3,367,001 shares of the company's stock valued at $1,422,121,000 after acquiring an additional 91,956 shares during the period. Finally, Accredited Wealth Management LLC increased its stake in shares of Cummins by 3,100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 3,200 shares of the company's stock valued at $1,352,000 after purchasing an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company's stock.

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 Earl Newsome sold 1,300 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $583.67, for a total transaction of $758,771.00. Following the completion of the sale, the vice president owned 3,389 shares of the company's stock, valued at approximately $1,978,057.63. This trade represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donald G. Jackson sold 1,600 shares of Cummins stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $600.13, for a total transaction of $960,208.00. Following the completion of the sale, the vice president owned 7,214 shares of the company's stock, valued at approximately $4,329,337.82. This trade represents a 18.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 31,195 shares of company stock worth $18,397,489. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

CMI has been the topic of a number of research reports. Argus set a $696.00 price target on shares of Cummins in a research note on Tuesday, February 10th. Truist Financial set a $815.00 target price on Cummins in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of Cummins from $693.00 to $794.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered shares of Cummins from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 8th. Finally, Citigroup raised their price target on shares of Cummins from $710.00 to $770.00 and gave the stock a "buy" rating in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $649.47.

Cummins Stock Performance

NYSE:CMI opened at $716.95 on Thursday. The firm has a 50-day moving average of $585.27 and a two-hundred day moving average of $541.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.16. The stock has a market cap of $99.05 billion, a P/E ratio of 37.21, a PEG ratio of 2.13 and a beta of 1.27. Cummins Inc. has a 1-year low of $296.59 and a 1-year high of $717.33.

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, topping 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 company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.96 earnings per share. On average, research analysts expect that Cummins Inc. will post 26.05 earnings per share for the current fiscal year.

Cummins Dividend Announcement

The firm 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 20th. Cummins's dividend payout ratio is presently 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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