<div id="readability-page-1"><p>Community Trust &amp; Investment Co. purchased a new position in shares of  Cummins Inc. (NYSE:CMI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  purchased 10,343 shares of the company's stock, valued at approximately $3,387,000.</p><ul><li>Engines to AI: Cummins’ Surprising Growth Driver</li></ul><p>Several other institutional investors and hedge funds have also recently bought and sold shares of CMI. Olde Wealth Management LLC acquired a new stake in shares of  Cummins in the first quarter worth $30,000.  Accredited Wealth Management LLC acquired a new stake in shares of  Cummins in the first quarter worth $31,000.  Capital A Wealth Management LLC acquired a new stake in shares of  Cummins in the fourth quarter worth $32,000.  Opal Wealth Advisors LLC acquired a new stake in shares of  Cummins in the first quarter worth $37,000.  Finally, Richardson Financial Services Inc. purchased a new position in shares of  Cummins in the first quarter valued at $39,000. Institutional investors and hedge funds own  83.46% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other Cummins news, CFO Mark Andrew Smith sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $405.00, for a total value of $2,632,500.00. Following the completion of the transaction, the chief financial officer directly owned 31,582 shares in the company, valued at $12,790,710. This trade represents a 17.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen H. Quintos sold 1,307 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $405.33, for a total transaction of $529,766.31. Following the sale, the director owned 5,227 shares of the company's stock, valued at approximately $2,118,659.91. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,119 shares of company stock valued at $14,159,885. Company insiders own  0.41% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners</li></ul><p>CMI has been the subject of several analyst reports. Melius Research upgraded shares of Cummins from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $500.00 target price for the company in a research note on Wednesday, September 3rd. The Goldman Sachs Group upgraded shares of Cummins from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and upped their target price for the company from $410.00 to $431.00 in a research note on Tuesday, May 27th. Melius upgraded shares of Cummins from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $500.00 price objective on the stock in a research note on Wednesday, September 3rd. Wolfe Research upgraded shares of Cummins from a &#34;hold&#34; rating to an &#34;outperform&#34; rating in a research note on Monday, August 11th. Finally, Evercore ISI  reiterated an &#34;outperform&#34; rating on shares of Cummins in a research note on Tuesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $389.29.</p><p><b>Check Out Our Latest Analysis on Cummins</b></p><h2>Cummins Stock Down 0.9%</h2><ul><li>3 Stocks J.P. Morgan Just Upgraded and Why They’re Bullish</li></ul><p>Cummins stock opened at $411.56 on Thursday. The stock has a market cap of $56.71 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.01 and a beta of 1.02. The company has a current ratio of 1.64, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $383.16 and its two-hundred day moving average price is $338.45. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $420.75. </p><p>Cummins (NYSE:CMI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.21 by $1.22. Cummins had a net margin of 8.72% and a return on equity of 26.96%. The company had revenue of $8.64 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the firm posted $5.26 EPS. The business's revenue for the quarter was down 1.7% on a year-over-year basis.  On average, analysts expect that  Cummins Inc. will post 22.54 EPS for the current fiscal year. </p><h2>Cummins Increases Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were given a dividend of $2.00 per share. This is a positive change from Cummins's previous quarterly dividend of $1.82. The ex-dividend date was Friday, August 22nd. This represents a $8.00 annualized dividend and a dividend yield of 1.9%. Cummins's payout ratio is 37.61%. </p><h2>About Cummins</h2> (Free Report)<p>Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cummins</li><li>Insider Trading - What You Need to Know</li><li>Biotech Breakouts: 3 Stocks With Massive Upside Potential</li><li>What is the MACD Indicator and How to Use it in Your Trading</li><li>Powering Up: A Buy Rating Signals GE Vernova's AI Tailwinds</li><li>Retail Stocks Investing, Explained</li><li>The Side of Rate Cuts Nobody Is Telling You About</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cummins Right Now?</h2><p>Before you consider Cummins, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cummins wasn't on the list.</p><p>While Cummins currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CTBI

<p>Community Trust & Investment Co. acquired 10,343 shares of Cummins Inc. (NYSE:CMI) valued at approximately $3.39 million in Q2, as disclosed to the SEC. Other institutional investors have also recently purchased shares. Insider trading included CFO Mark Andrew Smith selling 6,500 shares and Director Karen H. Quintos selling 1,307 shares. Analysts have upgraded Cummins' stock ratings, with a consensus rating of "Moderate Buy" and a target price of $389.29. Cummins reported strong quarterly earnings, exceeding estimates with $6.43 EPS and $8.64 billion in revenue.</p>

10,343 Shares in Cummins Inc. $CMI Acquired by Community Trust & Investment Co.