Caisse de Depot Et Placement Du Quebec Adds $32M in Cummins Inc. ($CMI)

Caisse de Depot Et Placement Du Quebec has significantly increased its holdings in Cummins Inc. (NYSE:CMI), according to the latest Form 13F filing with the SEC. The fund added 44,861 shares, boosting its position by 18.5% to a total of 286,769 shares, valued at approximately $205.8 million as of the reporting period.

What Changed in Caisse de Depot Et Placement Du Quebec's Cummins Position

The investment fund's recent move reflects a notable increase in its stake in Cummins Inc. Prior to this change, the fund held 241,908 shares. The addition of 44,861 shares marks an 18.5% increase, bringing the total to 286,769 shares, with a valuation of about $205.8 million.

Other Institutional Activity in Cummins Inc.

Among Cummins' other institutional investors, BlackRock, Inc. added 33,188 shares, ending with 11,835,524 shares worth around $6.37 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both maintained their positions, holding 8,975,971 shares valued at $4.83 billion and 7,498,010 shares valued at $4.03 billion, respectively. State Street Corp increased its holdings by 297,838 shares to a total of 6,807,690 shares, valued at $3.66 billion. Meanwhile, FMR LLC reduced its position by 220,933 shares, bringing its total to 5,428,312 shares, worth about $2.92 billion.

Cummins Inc. Stock Snapshot

Shares of Cummins Inc. (NYSE:CMI) are trading near $717.78. The company boasts a market cap of $99 billion and has a P/E ratio of 37.29, with a forward P/E of 21.17. Cummins' stock has experienced a 52-week low of $307.90 and a high of $733.48. The 50-day moving average is $659.77, while the 200-day moving average stands at $541.36. The company's current ratio is 1.709, with a quick ratio of 0.955 and a debt-to-equity ratio of 61.621.

Recent Earnings

In its most recent quarter, Cummins reported revenue of $33.89 billion, reflecting a growth rate of 2.7%. The company's earnings per share (EPS) stood at $19.25, with a net margin of 7.89% and a return on equity (ROE) of 21.99%. Cummins is expected to release its next earnings report on August 4, 2026.

Insider Buying and Selling at Cummins Inc.

Recent insider transactions at Cummins Inc. include several sales and purchases. On May 19, 2026, Merritt Brett Michael, V.P & President of the Engine Business, sold 218 shares. On May 14, 2026, Donald Jackson, VP of Treasury & Tax, sold 730 shares at an average price of $710.92. On May 12, 2026, insiders Matthew Tsien and Karen Quintos each purchased 306 shares.

Analysts Set New Price Targets

Analysts have been active in updating their views on Cummins Inc. On June 17, 2026, Wells Fargo maintained its 'buy' rating with a price target of $874. UBS upgraded the stock to a 'buy' on June 8, 2026, setting a target of $850. Argus Research also maintained a 'buy' rating on June 1, 2026, with a target of $770. Overall, the consensus among 19 analysts is a 'buy' recommendation, 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 segments including Engine, Distribution, Components, Power Systems, and Accelera. It offers a range of products from diesel and natural gas engines to electrified power systems, serving original equipment manufacturers and distributors worldwide. Led by CEO Jennifer W. Rumsey, Cummins employs approximately 67,400 people.

Bottom Line

Caisse de Depot Et Placement Du Quebec's increased stake in Cummins Inc. highlights its confidence in the company's prospects. Cummins' diverse product offerings and strong market position make it a significant player in the industrial machinery sector. Investors often track such filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current holdings.