First Eagle Investment Management 13F: Adds $8.9M to CMI Stake

First Eagle Grows Its Cummins Position

First Eagle Investment Management filed a Form 13F with the Securities and Exchange Commission detailing portfolio adjustments for the period ending May 12, 2026. The firm expanded its holdings in engine and power systems maker Cummins Inc. NYSE:CMI by purchasing an additional 12,293 shares. This marked a 1.6% increase from the prior quarter, bringing First Eagle's total stake to 767,231 shares. Based on filing calculations, the end-of-period value for the position reached roughly $558.2 million.

Cummins Stock Trades Near Highs

Shares of Cummins Inc. have changed hands in a 52-week range spanning from $400.72 up to $737.76. The equity trades well above both its 50-day moving average of $605.34 and its 200-day moving average of $602.91. With a spot price around $727.59 on Friday, the heavy-duty engine manufacturer sits close to the peak of its annual trading band as industrial demand remains steady.

Analysts Set New Price Targets

Wall Street firms continue to update their outlooks on the industrial provider through the late summer and autumn. On October 12, 2026, Citigroup maintained its buy rating while adjusting its price target from $790.00 to $630.00. Wells Fargo kept an overweight rating on October 8, 2026, moving its target from $874.00 to $760.00. Truist Securities kept a buy rating on October 5, 2026, adjusting its target from $894.00 to $779.00, and UBS maintained a buy rating on September 30, 2026, with a target of $741.00 down from $835.00. Meanwhile, JP Morgan kept a neutral rating on September 23, 2026, with a target of $600.00.

Power Solutions Leader

Founded in 1919 and based in Columbus, Indiana, Cummins Inc. builds diesel and natural gas engines, electrical power systems, and related components for original equipment manufacturers and industrial fleets worldwide. The company operates through five key divisions covering everything from heavy-duty commercial truck engines to zero-emission fuel cell technology through its Accelera segment. Institutional investors like First Eagle monitor these operations closely as global infrastructure and commercial transportation spending evolves.

What's Ahead for Cummins Inc.

Investors will look toward the company's next earnings report scheduled for November 5, 2026, for further updates on financial performance and segment margins. Because Form 13F filings look backward at historical holdings, these disclosures capture portfolio shifts from earlier reporting windows and may not represent active trading positions today.