Cummins Inc. $CMI Shares Sold by Thurston Springer Miller Herd & Titak Inc.

14 Oct 2026, 13:29 by Doug Wharley · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Cummins Inc. (NYSE:CMI – Free Report) by 72.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 826 shares of the company’s stock after selling 2,124 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Cummins were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMI. Persistent Asset Partners Ltd purchased a new position in Cummins in the second quarter valued at about $26,000. Elevation Wealth Partners LLC increased its position in Cummins by 91.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock worth $33,000 after purchasing an additional 22 shares during the last quarter. Cedar Mountain Advisors LLC increased its position 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 purchasing an additional 45 shares during the last quarter. Key Financial Inc raised its stake in shares of Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Finally, Cornerstone Financial Management LLC raised its stake in shares of Cummins by 65.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 63 shares of the company’s stock worth $45,000 after purchasing an additional 25 shares in the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Earl Newsome sold 698 shares of Cummins 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 owned 4,479 shares of the company’s stock, valued at $2,562,973.38. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Cummins Stock Down 1.3%

Shares of NYSE CMI traded down $7.02 during mid-day trading on Wednesday, reaching $522.33. 429,295 shares of the company traded hands, compared to its average volume of 984,327. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The stock has a market cap of $71.90 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. The company’s fifty day moving average is $562.88 and its two-hundred day moving average is $620.45. Cummins Inc. has a fifty-two week low of $405.82 and a fifty-two week high of $737.76.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $9.33 billion. During the same period in the previous year, the business posted $6.43 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Cummins Inc. will post 30.10 earnings per share for the current year.

Cummins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 20th. Cummins’s dividend payout ratio (DPR) is 44.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Citigroup dropped their price objective on Cummins from $790.00 to $630.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley increased their price objective on Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. DA Davidson raised their price objective on shares of Cummins from $605.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average target price of $708.18.

Get Our Latest Stock Analysis on CMI

About Cummins

(Free Report)

Cummins Inc (NYSE: CMI) is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services power solutions for commercial, industrial and infrastructure applications.