Bank of New York Mellon Corp Sells 98,608 Shares of Cummins Inc. $CMI

17 Jul 2026, 04:37 by Scott Moore · The Cerbat Gem

Bank of New York Mellon Corp lessened its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 978,409 shares of the company’s stock after selling 98,608 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cummins were worth $526,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Valmark Advisers Inc. boosted its stake in Cummins by 1.9% during the first quarter. Valmark Advisers Inc. now owns 877 shares of the company’s stock worth $472,000 after buying an additional 16 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Cummins by 1.6% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,101 shares of the company’s stock valued at $619,000 after buying an additional 17 shares in the last quarter. Uhlmann Price Securities LLC raised its stake in shares of Cummins by 2.4% in the 1st quarter. Uhlmann Price Securities LLC now owns 717 shares of the company’s stock valued at $386,000 after buying an additional 17 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Cummins by 0.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company’s stock worth $1,908,000 after acquiring an additional 18 shares during the period. Finally, Financial Consulate Inc. lifted its holdings in shares of Cummins by 16.8% during the 4th quarter. Financial Consulate Inc. now owns 125 shares of the company’s stock worth $64,000 after acquiring an additional 18 shares during the period. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cummins news, VP Donald G. Jackson sold 730 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $710.92, for a total transaction of $518,971.60. Following the sale, the vice president owned 8,316 shares of the company’s stock, valued at $5,912,010.72. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bonnie J. Fetch sold 652 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $700.19, for a total transaction of $456,523.88. Following the sale, the executive vice president directly owned 11,679 shares in the company, valued at approximately $8,177,519.01. This represents a 5.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,579 shares of company stock valued at $9,377,684 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

Positive Sentiment: Cummins was upgraded to Buy by Zacks, reflecting growing optimism about earnings prospects and the potential for upside if the company keeps beating estimates.
Positive Sentiment: Another Zacks note said Cummins has an impressive earnings surprise history and the right setup to potentially beat its next quarterly estimate, which could support sentiment ahead of results. Article Title
Positive Sentiment: Cummins’ recent 10% dividend hike and comments about AI data center power demand have reinforced the stock’s long-term income and growth appeal. Article Title
Positive Sentiment: Analysts at Citi were also reported as positive on Cummins, adding to the broader bullish backdrop. Article Title
Neutral Sentiment: Zacks highlighted Cummins as a stock to watch using its Earnings ESP screen, which is generally a model-driven preview rather than a direct business update. Article Title
Neutral Sentiment: A dividend-focused article also mentioned Cummins among quality stocks with recent payout hikes, reinforcing its income profile but not changing fundamentals on its own. Article Title
Negative Sentiment: Zacks Research cut EPS estimates for Q4 2027, Q1 2028, Q2 2028, FY2027 and FY2028, which can pressure the stock by signaling softer expected profitability ahead.
Negative Sentiment: Zacks Research also downgraded Cummins from Strong Buy to Hold, a change that likely contributed to the recent weakness in the shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMI. Weiss Ratings cut shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and set a $845.00 price objective on shares of Cummins in a report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Citigroup increased their target price on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Morgan Stanley raised their target price on Cummins from $675.00 to $752.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cummins presently has an average rating of “Moderate Buy” and an average price target of $739.43.

Get Our Latest Report on CMI

Cummins Stock Down 2.8%

Shares of CMI opened at $647.26 on Friday. The company has a market capitalization of $89.32 billion, a P/E ratio of 33.59, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11. Cummins Inc. has a one year low of $344.02 and a one year high of $737.76. The business’s 50 day simple moving average is $677.66 and its 200-day simple moving average is $614.02.

Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same period last year, the firm posted $5.96 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Cummins Inc. will post 29.35 EPS for the current fiscal year.

Cummins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 21st. This is a boost from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. Cummins’s dividend payout ratio (DPR) is currently 41.52%.

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.

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.