Amundi Adds $46M in Cummins Inc. ($CMI)
Amundi boosted its stake in Cummins Inc. by 9.78%, adding 66,545 shares.
Key Points
- Amundi increased its holdings in Cummins Inc. by 66,545 shares, a 9.78% boost, bringing its total to 746,679 shares.
- Cummins Inc. stock trades near $717.78 with a market cap of $99.05 billion and a P/E ratio of 37.29.
- Analysts from Wells Fargo, UBS, and others maintain a 'buy' rating for Cummins, with price targets up to $874.
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Amundi has increased its stake in Cummins Inc. (NYSE:CMI) by 9.78%, according to the latest 13F filing with the SEC. The investment firm added 66,545 shares during the reporting period, raising its total holdings to 746,679 shares valued at approximately $535.95 million.
What Changed in Amundi's Cummins Position
Amundi's recent filing shows a significant increase in its Cummins Inc. position. The firm previously held 680,134 shares and now owns 746,679 shares, marking an addition of 66,545 shares. This increase represents a 9.78% growth in their stake, reflecting a substantial vote of confidence in the company.
Other Institutional Activity in Cummins
Other major institutional investors have also been active in Cummins. BlackRock, Inc. grew its holdings by 33,188 shares, reaching a total of 11,835,524 shares worth about $6.37 billion. State Street Corp added 297,838 shares, ending with 6,807,690 shares valued at $3.66 billion. On the other hand, FMR LLC reduced its position by 220,933 shares, leaving it with 5,428,312 shares valued at $2.92 billion.
Cummins Inc. Stock Up 22.4%
Shares of Cummins Inc. (NYSE:CMI) are trading around $717.78. The company has a market cap of approximately $99.05 billion and a P/E ratio of 37.29. Cummins has a 52-week low of $307.90 and a 52-week high of $733.48. Its current 50-day moving average is $659.77, while the 200-day moving average is $541.36. The company maintains a current ratio of 1.709, a quick ratio of 0.955, and a debt-to-equity ratio of 61.621.
$CMI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Cummins reported revenue of $33.89 billion, with a revenue growth of 2.7%. The company's net margin stands at 7.89%, with a return on equity of 21.99%. Earnings per share (EPS) is reported at $19.25. The next earnings announcement is expected on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 9.0%. Revenue met estimates.
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Profit surprise
EBITDA missed by 39 percent. Operating income missed by 16 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
7 target raises.
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Earnings quality
Operating margin down 2.6 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered $8.4 billion in revenue, up 3 percent year over year, with power generation strong but North America trucks still weak at the start. Management highlighted a major hybrid mining truck deployment in Chile and progress on new 2027 engines. They sold the low-pressure fuel cell business to Alstom, cutting future losses in the Accelera division. The strong finish to the quarter and improving orders lead management to expect the year to be much better, with better momentum in trucks and accelerating data center buildouts globally.
Guidance Cummins raised its full year revenue forecast to grow 8 to 11 percent, up from 3 to 8 percent prior. The company expects power generation revenue to jump 15 to 25 percent, driven by strong data center demand globally. North America truck production is forecast at 230,000 to 250,000 units for heavy-duty and 125,000 to 135,000 units for medium-duty, higher than previous expectations.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Cummins Inc.
Recent insider activity at Cummins includes several transactions. On May 19, 2026, Merritt Brett Michael, V.P & President of the Engine Business, sold 218 shares. Earlier, on May 14, 2026, Donald Jackson, VP - Treasury & Tax, sold 730 shares at an average price of $710.92. Notably, Matthew Tsien and Karen Quintos each bought 306 shares on May 12, 2026.
Analysts Set New Price Targets
On June 17, 2026, Wells Fargo maintained its 'buy' rating for Cummins with a price target of $874. UBS upgraded the stock to 'buy' with an $850 target on June 8, 2026. Other firms like Argus Research and Raymond James also maintained 'buy' ratings, with targets of $770 and $745, respectively. The consensus among 19 analysts is a 'buy' rating, with a mean price target of $744.33.
About Cummins Inc.
Cummins Inc., headquartered in Columbus, Indiana, is a global leader in power solutions. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It provides a range of products, including diesel and natural gas engines, drivetrain systems, and power generation systems. Cummins serves a wide array of customers, from original equipment manufacturers to distributors and dealers. The company employs approximately 67,400 people and is led by CEO Ms. Jennifer W. Rumsey.
Bottom Line
Investors closely watch Amundi's increased stake in Cummins Inc., as it suggests confidence in the company's performance and future prospects. While the 13F filings are backward-looking, they provide valuable insights into institutional sentiment. Cummins' solid market position and analyst support make it a company to watch in the industrial sector.
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