Amundi 13F: Adds $46M to Cummins (CMI) Stake

Amundi Boosts Position in Cummins Inc.

Amundi has increased its stake in Cummins Inc. (CMI) by 66,545 shares, raising its total to 746,679 shares valued at approximately $516 million. This adjustment was reported in Amundi's latest Form 13F filing with the SEC, reflecting holdings as of May 18, 2026.

Amundi's move marks a 9.8% increase in its position in Cummins. The fund has previously held 680,134 shares, showing a clear commitment to the company. This investment aligns with the company's strong performance in the industrial sector, particularly in specialty industrial machinery.

Other Institutional Activity

While there are no other funds reported in this filing, it's worth noting that several funds have recently adjusted their stakes in Cummins. For example, First Eagle Investment Management increased its holdings by 1.6% to 767,231 shares, and Caisse de Depot Et Placement Du Quebec added 44,861 shares, boosting its stake by 18.5%. These movements suggest a broader interest in Cummins among institutional investors.

How Cummins Inc. Stock Has Traded

Cummins shares are currently trading at $691.09, which is near its 52-week high of $737.76. The stock has shown strong performance, reflecting investor confidence in the company's growth potential. With a market capitalization of approximately $73.6 billion, Cummins operates in a competitive industry, focusing on power solutions and various engine technologies.

Analysts Set New Price Targets

Analysts have maintained a range of ratings for Cummins. On October 12, 2026, Citigroup maintained a Buy rating with a target price of $630. Similarly, Wells Fargo kept an Overweight rating, adjusting its target to $760. Truist Securities also maintains a Buy rating, setting a target of $779. The consensus target mean price stands at $757.02, with 20 analysts providing opinions on the stock.

What Cummins Inc. Does

Cummins Inc. develops power solutions, including engines and related technologies. The company serves a global market through various segments, such as Engine, Distribution, and Power Systems. Amundi's increased stake reflects confidence in Cummins' strategic direction and growth opportunities in the industrial sector.

What to Watch at Cummins Inc.

Investors should keep an eye on Cummins' next earnings report scheduled for November 5, 2026. As the company continues to navigate market conditions, further institutional filings will provide insights into investor sentiment. Remember, the 13F filings reflect past positions and may not represent current holdings.