Chapin Davis Inc. Sells 1,336 Shares of Cummins Inc. $CMI

Chapin Davis Inc. lessened its holdings in Cummins Inc. (NYSE:CMI) by 65.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696 shares of the company’s stock after selling 1,336 shares during the period. Chapin Davis Inc.’s holdings in Cummins were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMI. Brighton Jones LLC raised its stake in shares of Cummins by 4.1% in the fourth quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock worth $736,000 after purchasing an additional 83 shares during the last quarter. Intech Investment Management LLC grew its holdings in Cummins by 40.8% during the first quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock worth $1,240,000 after buying an additional 1,146 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Cummins by 2.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock valued at $21,055,000 after buying an additional 1,759 shares during the last quarter. ICW Investment Advisors LLC purchased a new position in Cummins during the 2nd quarter worth $225,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Cummins in the second quarter valued at about $31,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Trending Headlines about Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Raised 2026 outlook: Cummins increased its full-year expectations and forecast revenue of approximately $37 billion to $38 billion, broadly in line with Wall Street expectations. Cummins Reports Strong Second Quarter 2026 Results; Raises Full-Year Outlook
• Positive Sentiment: Data-center power demand is a major growth driver: Robust orders for standby generators used by data centers, improving North American truck markets and stronger second-half demand are supporting the more optimistic outlook. CMI Q2 Earnings Call Points to Power Demand and Higher Outlook
• Positive Sentiment: Revenue exceeded expectations: Second-quarter revenue rose 9.4% year over year to $9.46 billion, ahead of the roughly $9.33 billion consensus estimate. Cummins misses quarterly profit estimates despite strong generator demand
• Neutral Sentiment: Strategic industry transition: Regulatory clarity and a phased emissions transition could influence customer buying patterns and the timing of engine demand during the rest of the year. CMI Q2 deep dive: Data center demand, regulatory clarity, and shifting engine transition
• Negative Sentiment: Profit missed estimates: Quarterly EPS of $6.73 increased from $6.43 a year earlier but fell short of the $7.21 consensus estimate. Higher compensation, research and development, freight and coverage costs pressured earnings and margins. Cummins Q2 Earnings Miss Estimates on High Costs, Revenues Beat

Insider Activity

In related news, insider Brett Michael Merritt sold 701 shares of Cummins stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $688.75, for a total value of $482,813.75. Following the completion of the sale, the insider owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Mary Bush sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total value of $3,481,050.00. Following the completion of the sale, the vice president owned 11,986 shares in the company, valued at $8,344,773.06. This represents a 29.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 13,579 shares of company stock worth $9,377,684. 0.30% of the stock is owned by company insiders.

Cummins Trading Up 2.5%

Shares of CMI stock opened at $651.55 on Thursday. The company has a 50 day moving average of $669.35 and a 200-day moving average of $624.58. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. Cummins Inc. has a 12-month low of $372.00 and a 12-month high of $737.76. The firm has a market cap of $89.91 billion, a P/E ratio of 33.29, a PEG ratio of 1.55 and a beta of 1.24.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 EPS for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). Cummins had a return on equity of 25.29% and a net margin of 7.82%.The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the firm posted $6.43 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Cummins Inc. will post 29.39 earnings per share for the current year.

Cummins Increases Dividend

The company 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 $2.20 dividend. The ex-dividend date is Friday, August 21st. This is a boost from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. Cummins’s dividend payout ratio is presently 41.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMI. UBS Group reduced their price objective on shares of Cummins from $850.00 to $835.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company increased their price target on Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Zacks Research lowered Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Robert W. Baird set a $700.00 price objective on Cummins in a research report on Wednesday, May 6th. Finally, Barclays upped their price objective on Cummins from $610.00 to $760.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and an average price target of $745.64.

Cummins 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.