Teachers Retirement System of The State of Kentucky Reduces Position in Cummins Inc. $CMI

26 Apr 2026, 11:14 by Teresa Graham · The Cerbat Gem

Teachers Retirement System of The State of Kentucky reduced its holdings in Cummins Inc. (NYSE:CMI – Free Report) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,461 shares of the company’s stock after selling 1,794 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cummins were worth $51,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMI. Thompson Investment Management Inc. acquired a new stake in Cummins in the 4th quarter valued at about $26,000. Flagship Wealth Advisors LLC acquired a new position in shares of Cummins during the 3rd quarter worth approximately $28,000. Osterweis Capital Management Inc. acquired a new position in shares of Cummins during the 2nd quarter worth approximately $31,000. Holos Integrated Wealth LLC purchased a new stake in shares of Cummins in the fourth quarter valued at approximately $32,000. Finally, Palouse Capital Management Inc. purchased a new stake in shares of Cummins in the fourth quarter valued at approximately $33,000. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Earl Newsome sold 1,300 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $583.67, for a total value of $758,771.00. Following the sale, the vice president directly owned 3,389 shares in the company, valued at approximately $1,978,057.63. The trade was a 27.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Mary Bush sold 4,270 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $584.93, for a total transaction of $2,497,651.10. Following the completion of the transaction, the vice president directly owned 15,130 shares in the company, valued at $8,849,990.90. The trade was a 22.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 31,195 shares of company stock worth $18,397,489. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Cummins in a research report on Friday, April 10th. Wells Fargo & Company upped their target price on Cummins from $630.00 to $693.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Robert W. Baird set a $580.00 target price on Cummins in a research note on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and set a $675.00 price target on shares of Cummins in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cummins from $485.00 to $580.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $600.27.

Get Our Latest Analysis on Cummins

Cummins Trading Up 0.6%

CMI opened at $660.83 on Friday. The stock has a market capitalization of $91.30 billion, a PE ratio of 32.20, a P/E/G ratio of 2.08 and a beta of 1.14. Cummins Inc. has a one year low of $284.23 and a one year high of $663.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.76. The business’s 50 day moving average price is $576.44 and its 200 day moving average price is $530.46.

Cummins (NYSE:CMI – Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.64. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter last year, the firm earned $5.16 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Cummins Inc. will post 26.03 EPS for the current year.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 20th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, February 20th. Cummins’s dividend payout ratio (DPR) is presently 38.99%.

Cummins Profile

(Free Report)

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.