Principal Financial Group Inc. Decreases Holdings in Cummins Inc. $CMI

Principal Financial Group Inc. lessened its position in shares of Cummins Inc. (NYSE:CMI) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 858,404 shares of the company’s stock after selling 42,790 shares during the quarter. Principal Financial Group Inc. owned 0.62% of Cummins worth $362,567,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Cummins by 2.0% in the second quarter. Vanguard Group Inc. now owns 17,628,149 shares of the company’s stock worth $5,773,219,000 after acquiring an additional 344,680 shares during the period. State Street Corp grew its position in shares of Cummins by 1.4% during the 2nd quarter. State Street Corp now owns 6,539,191 shares of the company’s stock valued at $2,141,585,000 after acquiring an additional 92,073 shares during the period. Geode Capital Management LLC raised its holdings in Cummins by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,499,240 shares of the company’s stock worth $1,141,138,000 after purchasing an additional 43,720 shares during the period. Fisher Asset Management LLC raised its holdings in Cummins by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 3,275,045 shares of the company’s stock worth $1,072,578,000 after purchasing an additional 142,058 shares during the period. Finally, Norges Bank purchased a new position in Cummins during the second quarter valued at $505,941,000. Institutional investors own 83.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMI. UBS Group raised Cummins from a “sell” rating to a “neutral” rating in a research report on Tuesday, November 25th. Barclays raised their target price on shares of Cummins from $546.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wolfe Research lowered shares of Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price target for the company. in a research report on Monday, January 26th. Citigroup raised their price objective on shares of Cummins from $580.00 to $630.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Cummins from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $522.07.

Cummins Trading Down 1.0%

Shares of CMI stock opened at $578.24 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $79.82 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12. Cummins Inc. has a 12-month low of $260.02 and a 12-month high of $592.53. The stock’s 50-day moving average price is $532.03 and its 200-day moving average price is $453.79.

Cummins (NYSE:CMI) last released its quarterly earnings data 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 business had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $7.97 billion. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.86 EPS. Equities research analysts predict that Cummins Inc. will post 22.54 EPS for the current fiscal year.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple upcoming quarters and fiscal years — including FY2027 to $29.74 (from $29.47) and FY2026 to $25.89 — signaling slightly stronger forward earnings expectations. Zacks still carries a “Hold” rating. Zacks Research Note
• Positive Sentiment: Cummins linked a maintenance/service program to its Destination Zero sustainability initiative, highlighting focus on aftermarket/service growth and recurring revenue streams that can support margins and cash flow over time. Cummins Ties Maintenance Program To Destination Zero And Service Growth
• Neutral Sentiment: The EPS revisions are modest in magnitude for many quarters (e.g., Q1–Q4 2026/2027 tweaks measured in cents), so while directional, they may have limited immediate market impact absent operational guidance or order-book news. Zacks Research Note
• Negative Sentiment: Zacks downgraded Cummins’ rating from “strong-buy” to “hold,” a change in analyst tone that can weigh on investor sentiment and help explain today’s share weakness. Zacks Downgrade

Insider Activity at Cummins

In other news, CEO Jennifer Rumsey sold 4,570 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $473.89, for a total value of $2,165,677.30. Following the sale, the chief executive officer directly owned 42,880 shares in the company, valued at $20,320,403.20. The trade was a 9.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Andrew Smith sold 13,110 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $470.66, for a total transaction of $6,170,352.60. Following the completion of the transaction, the chief financial officer directly owned 31,582 shares of the company’s stock, valued at approximately $14,864,384.12. The trade was a 29.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,130 shares of company stock valued at $9,045,544 over the last 90 days. 0.41% of the stock is owned by corporate insiders.

About Cummins

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.