Provenance Wealth Advisors LLC Purchases 2,143 Shares of Cummins Inc. $CMI

05 Nov 2026, 05:56 by Doug Wharley · The Cerbat Gem

Provenance Wealth Advisors LLC grew its position in Cummins Inc. (NYSE:CMI – Free Report) by 1,171.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,326 shares of the company’s stock after buying an additional 2,143 shares during the period. Provenance Wealth Advisors LLC’s holdings in Cummins were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CMI. Wellington Management Group LLP boosted its stake in Cummins by 243.5% in the 2nd quarter. Wellington Management Group LLP now owns 495,047 shares of the company’s stock valued at $353,072,000 after buying an additional 350,910 shares in the last quarter. Fulcrum Wealth Advisors LLC grew its position in Cummins by 611.8% in the third quarter. Fulcrum Wealth Advisors LLC now owns 16,264 shares of the company’s stock valued at $8,401,000 after acquiring an additional 13,979 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Cummins by 45.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 14,571 shares of the company’s stock worth $6,981,000 after acquiring an additional 4,538 shares in the last quarter. CWS Financial Advisors LLC raised its stake in Cummins by 973.2% during the third quarter. CWS Financial Advisors LLC now owns 4,733 shares of the company’s stock worth $2,445,000 after acquiring an additional 4,292 shares in the last quarter. Finally, Legacy Private Trust Co. raised its stake in Cummins by 1,264.1% during the third quarter. Legacy Private Trust Co. now owns 12,222 shares of the company’s stock worth $6,314,000 after acquiring an additional 11,326 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins Stock Down 5.7%

Shares of NYSE:CMI opened at $472.37 on Thursday. 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 firm has a market cap of $65.03 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.32 and a beta of 1.26. Cummins Inc. has a 12 month low of $427.50 and a 12 month high of $737.76. The company’s 50-day moving average price is $531.57 and its two-hundred day moving average price is $600.85.

Cummins (NYSE:CMI – Get Free Report) last issued 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). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Cummins Inc. will post 29.98 EPS for the current fiscal year.

Cummins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 20th will be issued a $2.20 dividend. The ex-dividend date is Friday, November 20th. This represents a $8.80 annualized dividend and a yield of 1.9%. Cummins’s dividend payout ratio (DPR) is currently 44.97%.

Insider Transactions at Cummins

In related news, VP Earl Newsome sold 698 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $572.22, for a total value of $399,409.56. Following the transaction, the vice president directly owned 4,479 shares in the company, valued at $2,562,973.38. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CMI. Barclays reduced their target price on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. UBS Group dropped their target price on shares of Cummins from $835.00 to $741.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. CICC Research started coverage on shares of Cummins in a research report on Sunday, August 23rd. They issued an “outperform” rating and a $781.00 price target on the stock. Finally, Truist Financial reduced their price target on shares of Cummins from $894.00 to $779.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Cummins has a consensus rating of “Moderate Buy” and an average target price of $694.24.

View Our Latest Stock Analysis on Cummins

Cummins Company Profile

(Free Report)

Cummins Inc is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services engines and power systems for commercial vehicles, industrial equipment, mining, construction, agriculture, marine applications and other markets.