Amundi Adds $48M in Cummins Inc. ($CMI)

Amundi boosted its stake in Cummins Inc. by 9.78%, adding 66,545 shares.

Written by EarningsIQ · Published Jun 18, 2026, 4:11 AM EDT · Updated Jun 20, 2026, 4:10 AM EDT

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.

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 Stock Snapshot

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.

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.

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.