Axxcess Wealth Management LLC Has $17.57 Million Stake in Cummins Inc. $CMI

Axxcess Wealth Management LLC raised its position in shares of Cummins Inc. (NYSE:CMI) by 99.9% in the 4th quarter, Holdings Channel reports. The firm owned 34,424 shares of the company’s stock after acquiring an additional 17,200 shares during the period. Axxcess Wealth Management LLC’s holdings in Cummins were worth $17,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. bought a new stake in shares of Cummins in the fourth quarter worth $26,000. Activest Wealth Management grew its stake in shares of Cummins by 537.5% in the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after purchasing an additional 43 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Cummins in the third quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in shares of Cummins in the fourth quarter worth $29,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cummins in the second quarter worth $31,000. Institutional investors own 83.46% of the company’s stock.

Insider Buying and Selling

In other Cummins news, VP Marvin Boakye sold 3,481 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $679.90, for a total value of $2,366,731.90. Following the transaction, the vice president owned 8,508 shares in the company, valued at approximately $5,784,589.20. The trade was a 29.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald G. Jackson sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $600.13, for a total transaction of $960,208.00. Following the completion of the transaction, the vice president owned 7,214 shares in the company, valued at $4,329,337.82. The trade was a 18.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,397 shares of company stock worth $14,465,833 over the last 90 days. Insiders own 0.30% of the company’s stock.

Cummins Stock Up 0.3%

CMI opened at $640.41 on Friday. The company has a 50 day moving average of $612.02 and a 200 day moving average of $562.53. The company has a market cap of $88.37 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. Cummins Inc. has a 12 month low of $307.90 and a 12 month high of $718.08. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

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 net margin of 7.89% and a return on equity of 25.25%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. During the same period in the prior year, the company posted $5.96 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Cummins Inc. will post 28.93 EPS for the current year.

Cummins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, May 22nd will be 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 is Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is presently 41.52%.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks Research raised multiple earnings forecasts for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while maintaining a Strong-Buy rating. Cummins stock page
• Positive Sentiment: The analyst also lifted near-term quarterly estimates across 2026 and 2027, suggesting expectations for sustained earnings momentum rather than a one-quarter boost. Cummins stock page
• Positive Sentiment: At its investor day, Cummins said it is raising its 2030 financial targets and announced large-engine capacity and product investments, signaling confidence in future growth and profitability. Business Wire article
• Positive Sentiment: Coverage of the investor event also highlighted how Cummins is positioning itself for opportunities tied to the AI boom, which may have helped sentiment around the stock. Barron’s article

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research cut shares of Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price target on the stock. in a research report on Monday, January 26th. Robert W. Baird set a $700.00 target price on shares of Cummins in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citigroup upped their price objective on shares of Cummins from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, UBS Group set a $565.00 price objective on shares of Cummins and gave the stock a “neutral” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $677.87.

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.