Aberdeen Group Adds $2M in Cummins Inc. ($CMI)

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 Snapshot

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.

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.