Aberdeen Group 13F: Adds $1.6M to Cummins (CMI) Stake
Aberdeen Group increased its stake in Cummins Inc. by 2,258 shares, bringing its total to 193,979 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Aberdeen Group added 2,258 shares to its stake in Cummins Inc. ($CMI), a 1.18% increase, according to a 13F filing with the SEC dated April 29, 2026. It reported 193,979 shares worth $138.35 million at the end of the quarter.
Since the filing, $CMI is up 12.0% after 1 week, up 1.5% after 1 month and down 16.3% to date (from the $634.59 close on Apr 29, 2026).
CMI
Cummins Inc.
Key Points
- Aberdeen Group increased its stake in Cummins Inc. by 2,258 shares, boosting its position by 1.18% to 193,979 shares as of the latest SEC filing.
- Cummins Inc. trades near $717.78 with a market cap of $99.05 billion, and a P/E ratio of 37.29, highlighting its strong industrial presence.
- Analysts from Wells Fargo and UBS have set price targets of $874 and $850, respectively, reflecting positive sentiment around Cummins' future performance.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Cummins Inc. alert may contain errors. Disclosures
Aberdeen Group has increased its stake in Cummins Inc. (NYSE:CMI) by 2,258 shares, according to its latest filing with the SEC. This move boosts its holdings to 193,979 shares, representing a 1.18% increase from its previous position. The total value of Aberdeen's investment in Cummins is now approximately $139.23 million.
What Changed in Aberdeen Group's Cummins Position
Aberdeen Group grew its position in Cummins by 2,258 shares during the reporting period, ending with a total of 193,979 shares. This represents a 1.18% increase from its previous holding of 191,721 shares, reflecting a continued interest in the company's performance and prospects.
Other Institutional Activity in Cummins
Several other institutional investors also adjusted their stakes in Cummins. BlackRock, Inc. added 33,188 shares, bringing its total to 11,835,524 shares valued at about $6.37 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both maintained their positions, with 8,975,971 and 7,498,010 shares respectively, valued at $4.83 billion and $4.03 billion. State Street Corp increased its holdings by 297,838 shares to a total of 6,807,690 shares worth approximately $3.66 billion. Meanwhile, FMR LLC reduced its position by 220,933 shares, ending with 5,428,312 shares valued at $2.92 billion.
Cummins Inc. Stock Up 33.9%
Shares of Cummins Inc. (NYSE:CMI) are trading near $717.78. The company has a market capitalization of $99.05 billion and a P/E ratio of 37.29. Cummins' stock has seen a 52-week low of $307.90 and a high of $733.48. The stock's 50-day moving average is $659.77, while its 200-day moving average is $541.36. With a beta of 1.24, Cummins shows moderate volatility compared to the market.
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%, and its return on equity is 21.99%. Cummins plans to release its next earnings report 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. On May 14, 2026, Donald Jackson, VP - Treasury & Tax, sold 730 shares at an average price of $710.92. On May 13, 2026, Nathan Stoner, VP - China ABO, and Bonnie Fetch, EVP & President - Operations, sold 600 and 155 shares, respectively. Conversely, on May 12, 2026, Matthew Tsien and Karen Quintos each purchased 306 shares.
Analysts Set New Price Targets
On June 17, 2026, Wells Fargo maintained its "buy" rating on Cummins with a price target of $874. UBS upgraded the stock to a "buy" with a target of $850 on June 8, 2026. Argus Research, Raymond James, Barclays, JP Morgan, Citigroup, and Morgan Stanley have all maintained their "buy" or "hold" ratings, with price targets ranging from $725 to $770.
About Cummins Inc.
Cummins Inc., headquartered in Columbus, Indiana, is a leading provider of power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas engines, drivetrain systems, and various power generation products. Cummins serves a diverse range of customers, including original equipment manufacturers, distributors, and dealers. Under the leadership of CEO Ms. Jennifer W. Rumsey, Cummins employs approximately 67,400 people globally.
Bottom Line
Aberdeen Group's increased investment in Cummins Inc. highlights confidence in the company's future prospects. With a strong market position and diversified product offerings, Cummins remains a key player in the industrial machinery sector. As always, it's important to remember that 13F filings are backward-looking and may not reflect current positions.
Related Filing Alerts
Source: Aberdeen Group's 13F filing on $CMI (Apr 29, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Aberdeen Group 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts