<div id="readability-page-1"><p>OLD National Bancorp IN lessened its position in  Cummins Inc. (NYSE:CMI - Free Report) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor  owned 17,099 shares of the company's stock after selling 2,353 shares during the period. OLD National Bancorp IN's holdings in Cummins were worth $7,222,000 at the end of the most recent reporting period.</p><ul><li>Engines to AI: Cummins’ Surprising Growth Driver</li></ul><p>Several other large investors have also bought and sold shares of CMI. Brighton Jones LLC boosted its position in shares of  Cummins by 4.1% during the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company's stock valued at $736,000 after purchasing an additional 83 shares in the last quarter.  CW Advisors LLC boosted its stake in  Cummins by 17.5% in the 1st quarter. CW Advisors LLC now owns 1,668 shares of the company's stock worth $526,000 after purchasing an additional 249 shares during the period.  Jump Financial LLC grew its position in  Cummins by 101.9% during the 1st quarter. Jump Financial LLC now owns 5,843 shares of the company's stock worth $1,831,000 after purchasing an additional 2,949 shares in the last quarter.  ICONIQ Capital LLC raised its stake in  Cummins by 32.0% during the 1st quarter. ICONIQ Capital LLC now owns 849 shares of the company's stock valued at $266,000 after purchasing an additional 206 shares during the period.  Finally, Freedom Investment Management Inc. lifted its holdings in shares of  Cummins by 3.9% in the first quarter. Freedom Investment Management Inc. now owns 1,539 shares of the company's stock valued at $482,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own  83.46% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research analysts have recently weighed in on the company. Truist Financial lifted their price target on Cummins from $628.00 to $653.00 and gave the company a &#34;buy&#34; rating in a report on Thursday, December 18th. Wall Street Zen raised Cummins from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, November 15th. Melius upgraded Cummins from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $500.00 target price on the stock in a report on Wednesday, September 3rd. Zacks Research cut shares of Cummins from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Thursday, November 6th. Finally, Sanford C. Bernstein  reaffirmed a &#34;market perform&#34; rating and set a $475.00 price objective on shares of Cummins in a research report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating and six have issued  a Hold rating to the company. Based on data from MarketBeat.com, Cummins  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $492.75.</p><ul><li>Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners</li></ul><p><b>Read Our Latest Stock Report on Cummins</b></p><h2>Insider Activity</h2><p>In related news, CEO Jennifer Rumsey sold 4,570 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total value of $2,165,677.30. Following the transaction, the chief executive officer directly owned 42,880 shares of the company's stock, valued at approximately $20,320,403.20. This trade represents a 9.63% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this link. Also, insider Brett Michael Merritt sold 1,450 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total value of $709,514.00. Following the completion of the sale, the insider owned 9,271 shares of the company's stock, valued at approximately $4,536,485.72. This trade represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,330 shares of company stock valued at $12,649,764. Insiders own  0.41% of the company's stock. </p><h2>Cummins Price Performance</h2><ul><li>3 Stocks J.P. Morgan Just Upgraded and Why They’re Bullish</li></ul><p>NYSE CMI opened at $517.39 on Wednesday. The company has a 50 day moving average price of $471.42 and a two-hundred day moving average price of $410.19. Cummins Inc. has a 12-month low of $260.02 and a 12-month high of $526.50. The stock has a market capitalization of $71.42 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.52. </p><p>Cummins (NYSE:CMI - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.76. The business had revenue of $8.32 billion during the quarter, compared to analyst estimates of $7.97 billion. Cummins had a net margin of 7.95% and a return on equity of 26.02%. Cummins's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.86 EPS.  As a group, equities analysts predict that  Cummins Inc. will post 22.54 earnings per share for the current fiscal year. </p><h2>Cummins Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Friday, November 21st were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, November 21st. Cummins's dividend payout ratio  is 41.52%. </p><h2>Cummins Company Profile</h2> (Free Report)<p>Cummins Inc <span>NYSE: CMI<span></span></span> is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world's leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.  </p><p>The company's product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cummins</li><li>The boring AI play that could pay up to $4,290 monthly</li><li>Trump’s “real estate deal for America” explained</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Trump Did WHAT??</li><li>A month before the crash</li></ul><p><strong>Want to see what other hedge funds are holding CMI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI - Free Report).</p><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 reporting and unbiased coverage. 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>

<p>OLD National Bancorp IN reduced its stake in Cummins Inc. by 12.1% in the third quarter, selling 2,353 shares and holding 17,099 shares worth $7.22 million. Several other large investors also adjusted their positions in Cummins. Analysts have mixed ratings on Cummins, with a consensus rating of 'Moderate Buy' and a price target of $492.75. Recent insider trading includes sales by CEO Jennifer Rumsey and insider Brett Michael Merritt. Cummins' stock performance shows a 12-month high of $526.50 and a market cap of $71.42 billion.</p>

Cummins Inc. $CMI Shares Sold by OLD National Bancorp IN