Beacon Pointe Advisors Adds $1M in Cummins Inc. ($CMI)
The firm added 1,927 shares in Cummins Inc., increasing its position by 16.3%.
Key Points
- Beacon Pointe Advisors increased its holdings in Cummins Inc. (NYSE:CMI) by 16.3%, adding 1,927 shares to reach a total of 13,720 shares valued at approximately $9.6 million.
- Cummins Inc. shares traded near $699.97 with a market cap of $96.6 billion and a P/E ratio of 36.36, showing solid performance with a 52-week high of $718.08.
- Insider transactions included sales by several executives, while analysts like UBS upgraded Cummins to a 'buy' with an $850 target.
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Beacon Pointe Advisors has increased its holdings in Cummins Inc. (NYSE:CMI) by 16.3%, according to the latest Form 13F filing with the SEC. The firm added 1,927 shares during the reporting period, bringing its total to 13,720 shares. The position is valued at approximately $9.6 million.
What Changed in Beacon Pointe Advisors' Cummins Position
Beacon Pointe Advisors boosted its stake in Cummins Inc. by 16.3% during the reporting period. The firm added 1,927 shares, increasing its total holdings to 13,720 shares from 11,793. This move reflects an investment valued at about $9.6 million.
Other Institutional Activity in Cummins Inc.
Other major institutional investors also showed interest in Cummins Inc. BlackRock, Inc. increased its holdings by 33,188 shares, ending with a total of 11,835,524 shares worth around $6.37 billion. Vanguard Capital Management LLC significantly increased its position with 8,975,971 shares, valued at approximately $4.83 billion. State Street Corp added 297,838 shares, bringing its total to 6,807,690 shares, valued at about $3.66 billion. Meanwhile, FMR LLC reduced its holdings by 220,933 shares, leaving it with 5,428,312 shares worth approximately $2.92 billion.
Cummins Inc. Stock Up 26.4%
Shares of Cummins Inc. (NYSE:CMI) traded near $699.97. The company has a market cap of $96.6 billion and a P/E ratio of 36.36, with a forward P/E of 20.65. Its beta is 1.24, indicating moderate volatility. The stock's 52-week range is between $307.9 and $718.08. Cummins' 50-day moving average is $656.55, and its 200-day moving average is $539.76. The company maintains a current ratio of 1.71 and a quick ratio of 0.96, with a debt-to-equity ratio of 61.62.
$CMI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its recent earnings report, Cummins Inc. posted revenues of $33.89 billion, with a growth rate of 2.7%. The company's net margin stood at 7.89%, and return on equity was 21.99%. Earnings per share were reported at $19.25. The next earnings report is scheduled for 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.
Dividend
Cummins Inc. offers an annual dividend rate of $8.00, yielding 1.14%. The company's dividend payout ratio is 40.62%.
Insider Buying and Selling at Cummins Inc.
Recent insider transactions at Cummins Inc. include sales by executives such as V.P & Pres. of Engine Business, Merritt Brett Michael, who sold 218 shares on May 19, 2026. VP of Treasury & Tax, Donald Jackson, sold 730 shares at an average price of $710.92 on May 14, 2026. Meanwhile, insiders Matthew Tsien and Karen Quintos each purchased 306 shares on May 12, 2026.
Analysts Set New Price Targets
On June 8, 2026, UBS upgraded Cummins Inc. to a 'buy' rating with a price target of $850. Argus Research maintained its 'buy' rating with a target of $770 on June 1, 2026. Raymond James also maintained a 'buy' rating with a target of $745 on May 26, 2026. Overall, the consensus among 19 analysts is a 'buy' with a mean target price of $740.12.
About Cummins Inc.
Cummins Inc., headquartered in Columbus, Indiana, provides a range of power solutions globally. The company operates through segments like Engine, Distribution, Components, Power Systems, and Accelera. It offers engines powered by diesel and natural gas, drivetrain systems, and various other products. Cummins also provides aftertreatment technologies, power generation systems, and electrified power systems. Founded in 1919, the company employs approximately 67,400 people and is led by CEO Jennifer W. Rumsey.
Bottom Line
Beacon Pointe Advisors' increased stake in Cummins Inc. highlights its confidence in the company's future. Cummins' strong market position and recent analyst upgrades suggest continued interest in its stock. However, investors should remember that 13F filings are backward-looking and may not reflect current positions.
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