Associated Banc Corp Has $24.58 Million Position in Cummins Inc. $CMI

Associated Banc Corp reduced its stake in shares of Cummins Inc. (NYSE:CMI) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,155 shares of the company’s stock after selling 1,447 shares during the quarter. Associated Banc Corp’s holdings in Cummins were worth $24,581,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Americana Partners LLC lifted its stake in Cummins by 36.5% in the 4th quarter. Americana Partners LLC now owns 1,430 shares of the company’s stock valued at $730,000 after acquiring an additional 382 shares in the last quarter. Legato Capital Management LLC bought a new stake in Cummins in the 4th quarter valued at approximately $576,000. Evoke Wealth LLC lifted its stake in Cummins by 11.0% in the 4th quarter. Evoke Wealth LLC now owns 1,181 shares of the company’s stock valued at $603,000 after acquiring an additional 117 shares in the last quarter. Ignite Planners LLC lifted its stake in Cummins by 6.1% in the 4th quarter. Ignite Planners LLC now owns 606 shares of the company’s stock valued at $309,000 after acquiring an additional 35 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in shares of Cummins by 99.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 34,424 shares of the company’s stock worth $17,572,000 after purchasing an additional 17,200 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

Insider Buying and Selling

In other news, VP Donald G. Jackson sold 730 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $710.92, for a total value of $518,971.60. Following the completion of the sale, the vice president owned 8,316 shares of the company’s stock, valued at approximately $5,912,010.72. The trade was a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 directly owned 11,986 shares of the company’s stock, valued at approximately $8,344,773.06. This trade represents a 29.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,397 shares of company stock worth $14,465,833 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Cummins Stock Up 0.3%

Shares of NYSE:CMI opened at $640.41 on Friday. Cummins Inc. has a 52-week low of $307.90 and a 52-week high of $718.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. The business’s 50 day simple moving average is $612.02 and its two-hundred day simple moving average is $562.53. The firm has a market cap of $88.37 billion, a P/E ratio of 33.23, a PEG ratio of 1.58 and a beta of 1.27.

Cummins (NYSE:CMI) last released its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $5.96 earnings per share. As a group, research analysts forecast that Cummins Inc. will post 28.93 EPS for the current fiscal year.

Cummins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 22nd. Cummins’s payout ratio is 41.52%.

Key Headlines 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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating and set a $845.00 price objective on shares of Cummins in a research note on Monday, May 11th. Wells Fargo & Company boosted their target price on Cummins from $693.00 to $794.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their target price on Cummins from $675.00 to $752.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Zacks Research raised Cummins from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings lowered Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cummins currently has a consensus rating of “Moderate Buy” and a consensus target price of $677.87.

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.