Caisse de Depot Et Placement Du Quebec 13F: Adds $32M to CMI Stake
Caisse de Depot Et Placement Du Quebec has raised its holdings in Cummins Inc. by 18.5%, now owning nearly 287,000 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Caisse de Depot Et Placement Du Quebec added 44,861 shares to its stake in Cummins Inc. ($CMI), an 18.54% increase, according to a 13F filing with the SEC dated May 14, 2026. It reported 286,769 shares worth $204.53 million at the end of the quarter.
Since the filing, $CMI is down 10.8% after 1 week, down 4.8% after 1 month and down 25.3% to date (from the $711.56 close on May 14, 2026).
Find the original: Caisse de Depot Et Placement Du Quebec 13F filings on SEC EDGAR
CMI
Cummins Inc.
Key Points
- Caisse de Depot Et Placement Du Quebec boosted its position in Cummins Inc. by 44,861 shares, increasing its total to 286,769 shares valued at about $204.5 million.
- The stock is trading at $713.21, significantly above its 52-week low of $400.72, indicating a strong performance in the market.
- Analysts have mixed opinions on Cummins, with a consensus price target of $757.02, reflecting a range of ratings from various firms.
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Caisse de Depot Et Placement Du Quebec Boosts Stake
Caisse de Depot Et Placement Du Quebec has increased its stake in Cummins Inc. (NYSE: CMI) by 44,861 shares, raising its total holdings to 286,769 shares. This move represents an 18.5% increase, with the total value of this position now at approximately $204.5 million. This filing is based on data as of May 14, 2026.
What's New in Caisse's Position
The fund's recent addition brings its holdings from 241,908 shares to 286,769. This increase shows the fund's ongoing commitment to Cummins, which operates in the industrial sector, particularly in specialty industrial machinery.
Institutional Activity Around Cummins
First Eagle Investment Management also recently boosted its holdings in Cummins, increasing its stake by 1.6% to 767,231 shares. Meanwhile, Aberdeen Group added 2,258 shares to its position, now holding a total of 193,979 shares. These adjustments by other institutional investors highlight a collective interest in Cummins during the same reporting period.
How Cummins Inc. Stock Has Traded
Cummins shares are currently trading at $713.21, just below its 52-week high of $737.76. The stock has performed well, showing resilience above its 200-day moving average of $602.91. Investors will be watching closely as it approaches its next earnings report.
Analysts Set New Price Targets
On October 12, 2026, Citigroup maintained a "Buy" rating for Cummins with a price target of $630.00. Wells Fargo also maintained an "Overweight" rating, lowering its target to $760.00 on October 8. Other firms, including Truist Securities and UBS, have similarly held their ratings, with targets ranging from $741.00 to $779.00.
What Cummins Inc. Does
Cummins Inc. offers a variety of power solutions worldwide, operating in five segments including Engine and Power Systems. The company's diverse offerings include diesel and natural gas engines, drivetrain systems, and electrified power systems. This broad range of products positions Cummins well within the industrial sector.
What's Ahead for Cummins Inc.
Investors should keep an eye on Cummins' upcoming earnings report scheduled for November 5, 2026. As a reminder, the recent 13F filing reflects holdings as of the reporting period and may not represent the fund's current position.
Related Filing Alerts
Source: Caisse de Depot Et Placement Du Quebec's 13F filing on $CMI (May 14, 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: Caisse de Depot Et Placement Du Quebec 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts