Mitsubishi Ufj Asset Management 13F: Adds $15M to CMI Stake

Mitsubishi Ufj Asset Management Grows Cummins Holdings

Mitsubishi Ufj Asset Management increased its investment in Cummins Inc. (NYSE: CMI), according to a Form 13F filing with the Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position.

During the period, the asset manager boosted its stake by 7.0%, which translates to an addition of 21,343 shares. That brought its total holdings to 324,578 shares. Based on market prices around the filing period, that position carried an estimated value of $231.5 million.

Cummins Stock Moves Near Yearly Highs

Shares of Cummins have changed hands actively as the stock trades near the upper boundary of its 52-week band. The equity has moved well past earlier trading ranges through the year, reflecting broader shifts in the industrial sector. Because 13F filings look backward at past quarters, these portfolio updates show where major institutional money stood months ago rather than today's exact spot price of $713.21.

Dividend and Financial Position

Cummins provides an annual dividend rate of $8.80 per share, giving the stock a dividend yield of 1.65%. That payout is backed by a dividend payout ratio of 0.409. The engine manufacturer generates steady cash flows across its multiple business units, supporting its return to shareholders alongside ongoing capital investments.

Wall Street Analyst Updates

Several major financial institutions have updated their outlooks and price targets for Cummins shares. On October 12, 2026, Citigroup maintained a buy rating while adjusting its price target to $630.00. Wells Fargo kept an overweight rating on October 8, 2026, with a target of $760.00. Truist Securities maintained a buy rating on October 5, 2026, setting a target of $779.00. Earlier in September, UBS kept a buy rating at a target of $741.00, while JP Morgan held a neutral rating with a target of $600.00.

Inside Cummins Power Solutions

Headquartered in Columbus, Indiana, Cummins designs and manufactures diesel and natural gas engines, electrical power systems, and related components for heavy-duty commercial and industrial uses. The company employs thousands of workers globally and supplies original equipment manufacturers across the globe.

What to Watch at Cummins Inc.

Investors tracking institutional interest in Cummins will look to future quarterly filings to see whether asset managers like Mitsubishi Ufj continue adding to their positions. The company's next earnings report is scheduled for November 5, 2026, which will provide fresh data on revenue, margins, and operational performance.