60,376 Shares in Cummins Inc. $CMI Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Cummins Inc. (NYSE:CMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,376 shares of the company’s stock, valued at approximately $43,061,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMI. Truist Financial Corp lifted its holdings in Cummins by 4.8% in the 4th quarter. Truist Financial Corp now owns 64,005 shares of the company’s stock valued at $32,671,000 after purchasing an additional 2,951 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new stake in shares of Cummins during the fourth quarter worth $7,869,000. Westfield Capital Management Co. LP acquired a new stake in shares of Cummins in the fourth quarter valued at about $7,797,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Cummins by 26.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 113,648 shares of the company’s stock worth $58,012,000 after buying an additional 24,080 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Cummins during the first quarter worth about $3,766,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Cummins Price Performance

NYSE:CMI opened at $574.06 on Friday. Cummins Inc. has a 52 week low of $389.52 and a 52 week high of $737.76. 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 company has a market capitalization of $79.02 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.38 and a beta of 1.24. The stock’s fifty day moving average is $650.49 and its two-hundred day moving average is $628.35.

Cummins (NYSE:CMI) last released its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.43 earnings per share. Equities analysts expect that Cummins Inc. will post 30.06 EPS for the current year.

Cummins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 1.5%. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s payout ratio is 44.97%.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Large battery-storage win expands the AI opportunity. Cummins reportedly secured its largest battery energy-storage-system order for a major U.S. data center. The deal supports the company’s strategy of supplying reliable power for rapidly growing data-center electricity demand and could strengthen the bull case for its Power Systems business. Cummins (CMI) Lands Its Biggest Battery Storage Deal For A Major US Data Center
• Positive Sentiment: AI data-center exposure is becoming a larger growth narrative. A separate analysis argues that Cummins’ battery-storage win may reshape the investment thesis by positioning the company as an infrastructure supplier to AI campuses, rather than solely as a traditional engine manufacturer. Does Cummins’ Landmark AI Data Center BESS Win Reshape The Bull Case For Cummins (CMI)?
• Positive Sentiment: Jefferies maintained its Buy rating. Continued bullish support from Jefferies provides a favorable signal, although the article does not indicate whether the firm changed its price target. Jefferies Sticks to Its Buy Rating for Cummins (CMI)
• Neutral Sentiment: Analysts made mixed EPS revisions. Zacks Research raised estimates for fourth-quarter 2026 EPS to $8.49 from $7.31 and lifted full-year 2026 EPS to $30.09 from $29.28. However, it reduced estimates for second-quarter 2027 EPS to $8.27 from $8.62 and first-quarter 2028 EPS to $8.38 from $9.07. Zacks retained a Hold rating.
• Neutral Sentiment: Finance leadership was reorganized. Cummins appointed Hopkins to a new finance role. The move may improve financial oversight, but no immediate earnings or strategic impact was reported. Cummins Appoints Hopkins to New Finance Role
• Negative Sentiment: An executive stock sale adds a modest overhang. Vice President Earl Newsome sold 698 shares worth approximately $399,410, reducing his direct holdings by 13.48%. A single insider sale is not necessarily a signal about fundamentals, but it can weigh on sentiment.

Insider Buying and Selling at Cummins

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction dated 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 sale, the vice president directly owned 4,479 shares in the company, valued at $2,562,973.38. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $700.00 price target on shares of Cummins in a report on Wednesday, August 5th. Robert W. Baird set a $700.00 price objective on Cummins in a research report on Wednesday, May 6th. UBS Group lowered their price objective on Cummins from $850.00 to $835.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Citigroup lifted their price target on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and an average target price of $745.64.

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.