Neuberger Berman Group LLC Increases Stock Holdings in Cummins Inc. $CMI

28 Nov 2025, 10:32 by Jessica Moore · The Cerbat Gem

Neuberger Berman Group LLC boosted its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 19.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 600,076 shares of the company’s stock after buying an additional 98,901 shares during the quarter. Neuberger Berman Group LLC’s holdings in Cummins were worth $196,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CMI. Accredited Wealth Management LLC acquired a new position in shares of Cummins during the 1st quarter valued at about $31,000. Costello Asset Management INC purchased a new position in Cummins during the first quarter worth approximately $40,000. Wealth Preservation Advisors LLC acquired a new position in shares of Cummins in the 1st quarter valued at $41,000. CNB Bank purchased a new stake in shares of Cummins during the 2nd quarter valued at $43,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Cummins in the 1st quarter worth $47,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CMI. UBS Group upgraded Cummins from a “sell” rating to a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Cummins from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Argus boosted their price objective on shares of Cummins from $459.00 to $573.00 and gave the stock a “buy” rating in a research note on Tuesday. Melius raised shares of Cummins from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, September 3rd. Finally, Citigroup upped their price target on shares of Cummins from $500.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $476.75.

Check Out Our Latest Stock Analysis on Cummins

Insider Buying and Selling at Cummins

In other Cummins news, insider Brett Michael Merritt sold 1,450 shares of Cummins stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the sale, the insider owned 9,271 shares of the company’s stock, valued at $4,536,485.72. The trade was a 13.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Rumsey sold 4,570 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total transaction of $2,165,677.30. Following the completion of the sale, the chief executive officer directly owned 42,880 shares of the company’s stock, valued at $20,320,403.20. The trade was a 9.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,410 shares of company stock valued at $16,424,574 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Cummins Stock Performance

Cummins stock opened at $497.11 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.64 and a quick ratio of 1.03. Cummins Inc. has a 12 month low of $260.02 and a 12 month high of $499.87. The company has a fifty day moving average price of $440.80 and a two-hundred day moving average price of $386.15. The company has a market cap of $68.62 billion, a PE ratio of 23.37, a P/E/G ratio of 2.05 and a beta of 1.07.

Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.76. The company had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $7.97 billion. Cummins had a net margin of 8.72% and a return on equity of 26.96%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $5.86 EPS. Research analysts expect that Cummins Inc. will post 22.54 earnings per share for the current year.

Cummins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, November 21st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.6%. Cummins’s payout ratio is 41.52%.

Cummins Company Profile

(Free Report)

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.