Mitsubishi Ufj Asset Management Adds $15M in Cummins Inc. ($CMI)

Mitsubishi Ufj Asset Management recently increased its holdings in Cummins Inc. (NYSE: CMI) by adding 21,343 shares. This move brings its total to 324,578 shares, valued at approximately $232.98 million, according to its latest 13F filing with the SEC. The filing reflects positions as of the end of the reporting period and may not represent the fund's current holdings.

What Changed in Mitsubishi Ufj Asset Management's Cummins Inc. Position

Mitsubishi Ufj Asset Management boosted its position in Cummins Inc. from 303,235 shares to 324,578 shares, marking an increase of 7.04%. This addition of 21,343 shares indicates a significant commitment to the company, with the total stake now valued at $232.98 million.

Other Institutional Activity in Cummins Inc.

Several other institutional investors have also adjusted their positions in Cummins Inc. BlackRock, Inc. increased its holdings by 33,188 shares, bringing its total to 11,835,524 shares valued at about $6.37 billion. State Street Corp added 297,838 shares, reaching a total of 6,807,690 shares worth approximately $3.66 billion. On the other hand, FMR LLC reduced its stake by 220,933 shares, now holding 5,428,312 shares valued at $2.92 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC each added significant stakes, ending with 8,975,971 and 7,498,010 shares respectively.

Cummins Inc. Stock Snapshot

Shares of Cummins Inc. (NYSE: CMI) are trading near $717.78. The company has a market capitalization of approximately $99.05 billion and a P/E ratio of 37.29, with a forward P/E of 21.17. The stock's 52-week range spans from $307.90 to $733.48. It has a 50-day moving average of $659.77 and a 200-day moving average of $541.36. Cummins has a beta of 1.24, indicating moderate volatility compared to the market.

Recent Earnings

Cummins Inc. reported revenue of $33.89 billion with a growth rate of 2.7%. The company's net margin stands at 7.89%, and it has a return on equity of 21.99%. The next earnings report is expected on August 4, 2026.

Insider Buying and Selling at Cummins Inc.

Recent insider activity at Cummins Inc. includes sales by Merritt Brett Michael, VP & President of the Engine Business, who sold 218 shares on May 19, 2026. Donald Jackson, VP of Treasury & Tax, sold 730 shares at an average price of $710.92 on May 14, 2026. In contrast, Matthew Tsien and Karen Quintos each purchased 306 shares on May 12, 2026.

Analysts Set New Price Targets

Analysts have been active in setting new price targets for Cummins Inc. On June 17, 2026, Wells Fargo maintained a buy rating with a target of $874. UBS upgraded the stock to a buy with a target of $850 on June 8, 2026. Argus Research and Raymond James also maintained buy ratings with targets of $770 and $745, respectively, in recent weeks. The consensus recommendation is a buy, with an average target price of $744.33 among 19 analyst opinions.

About Cummins Inc.

Cummins Inc., based in Columbus, Indiana, is a leader in industrial power solutions. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company provides a wide range of products, including diesel and natural gas engines, drivetrain systems, and power generation solutions. Led by CEO Jennifer W. Rumsey, Cummins employs approximately 67,400 people worldwide.

Bottom Line

Mitsubishi Ufj Asset Management's increased stake in Cummins Inc. reflects continued interest in the company's growth potential. Cummins is a key player in the industrial machinery sector with robust financials and a positive outlook from analysts. Remember, 13F filings are backward-looking and may not reflect current positions, but they offer insight into institutional confidence.