Financiere des Professionnels Fonds d investissement inc. Invests $6.58 Million in Cummins Inc. $CMI

Financiere des Professionnels Fonds d investissement inc. acquired a new position in Cummins Inc. (NYSE:CMI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,240 shares of the company’s stock, valued at approximately $6,585,000.

A number of other large investors also recently modified their holdings of CMI. Cedar Mountain Advisors LLC boosted its holdings in Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after buying an additional 45 shares during the period. Thompson Investment Management Inc. bought a new stake in Cummins during the fourth quarter valued at about $26,000. Activest Wealth Management raised its holdings in Cummins by 537.5% during 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. Wellington Shields Capital Management LLC purchased a new position in shares of Cummins in the fourth quarter valued at about $27,000. Finally, Key Financial Inc lifted its position in shares of Cummins by 62.5% in the first quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Insider Activity at Cummins

In other news, VP Jennifer Mary Bush sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the sale, the vice president directly owned 11,986 shares in the company, valued at approximately $8,344,773.06. This represents a 29.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brett Michael Merritt sold 701 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $688.75, for a total transaction of $482,813.75. Following the completion of the transaction, the insider directly owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. The trade was a 6.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,579 shares of company stock valued at $9,377,684 over the last quarter. 0.30% of the stock is currently owned by insiders.

Cummins Stock Performance

NYSE:CMI opened at $647.26 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11. Cummins Inc. has a 1 year low of $344.02 and a 1 year high of $737.76. The stock’s 50 day simple moving average is $677.66 and its two-hundred day simple moving average is $614.02. The company has a market cap of $89.32 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 1.63 and a beta of 1.22.

Cummins (NYSE:CMI) last issued its quarterly earnings data 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. 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.96 EPS. As a group, equities analysts anticipate that Cummins Inc. will post 29.35 earnings per share for the current fiscal year.

Cummins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a yield of 1.4%. Cummins’s payout ratio is currently 41.52%.

Key Stories Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Cummins was upgraded to Buy by Zacks, reflecting growing optimism about earnings prospects and the potential for upside if the company keeps beating estimates.
• Positive Sentiment: Another Zacks note said Cummins has an impressive earnings surprise history and the right setup to potentially beat its next quarterly estimate, which could support sentiment ahead of results. Article Title
• Positive Sentiment: Cummins’ recent 10% dividend hike and comments about AI data center power demand have reinforced the stock’s long-term income and growth appeal. Article Title
• Positive Sentiment: Analysts at Citi were also reported as positive on Cummins, adding to the broader bullish backdrop. Article Title
• Neutral Sentiment: Zacks highlighted Cummins as a stock to watch using its Earnings ESP screen, which is generally a model-driven preview rather than a direct business update. Article Title
• Neutral Sentiment: A dividend-focused article also mentioned Cummins among quality stocks with recent payout hikes, reinforcing its income profile but not changing fundamentals on its own. Article Title
• Negative Sentiment: Zacks Research cut EPS estimates for Q4 2027, Q1 2028, Q2 2028, FY2027 and FY2028, which can pressure the stock by signaling softer expected profitability ahead.
• Negative Sentiment: Zacks Research also downgraded Cummins from Strong Buy to Hold, a change that likely contributed to the recent weakness in the shares.

Analysts Set New Price Targets

CMI has been the subject of several research analyst reports. Robert W. Baird set a $700.00 target price on Cummins in a research report on Wednesday, May 6th. Weiss Ratings cut Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Raymond James Financial upped their price target on Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Truist Financial increased their price objective on shares of Cummins from $815.00 to $901.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Cummins in a report on Friday, May 22nd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $739.43.

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.