<div id="readability-page-1"><p>Conning Inc. lessened its holdings in  Cummins Inc. (NYSE:CMI - Free Report) by 20.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor  owned 84,243 shares of the company's stock after selling 21,827 shares during the period. Cummins accounts for approximately  1.2% of Conning Inc.'s holdings, making the stock its 13th biggest position. Conning Inc. owned about 0.06% of Cummins worth $35,582,000 at the end of the most recent quarter.</p><ul><li>3 Picks-and-Shovels Ways to Invest in AI Without Betting on Chipmakers</li></ul><p>A number of other institutional investors and hedge funds have also bought and sold shares of CMI. BNP Paribas boosted its stake in shares of  Cummins by 1.8% in the second quarter. BNP Paribas now owns 1,422 shares of the company's stock worth $466,000 after acquiring an additional 25 shares during the period.  Orca Wealth Management LLC lifted its holdings in  Cummins by 0.6% in the 2nd quarter. Orca Wealth Management LLC now owns 4,609 shares of the company's stock worth $1,509,000 after purchasing an additional 28 shares in the last quarter.  Bowman &amp; Co S.C. boosted its stake in  Cummins by 1.0% in the 3rd quarter. Bowman &amp; Co S.C. now owns 2,964 shares of the company's stock worth $1,259,000 after purchasing an additional 29 shares during the period.  V Square Quantitative Management LLC grew its holdings in  Cummins by 1.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,285 shares of the company's stock valued at $1,076,000 after buying an additional 31 shares in the last quarter.  Finally, Empirical Finance LLC raised its position in shares of  Cummins by 0.7% during the second quarter. Empirical Finance LLC now owns 4,919 shares of the company's stock valued at $1,611,000 after buying an additional 32 shares during the last quarter. 83.46% of the stock is owned by institutional investors. </p><h2>Cummins Trading Down 0.4%</h2><p>CMI opened at $565.32 on Thursday. The firm has a market cap of $78.04 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.98 and a beta of 1.12. Cummins Inc. has a 12 month low of $260.02 and a 12 month high of $569.68. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $506.31 and a 200 day moving average of $433.40. </p><ul><li>Engines to AI: Cummins’ Surprising Growth Driver</li></ul><p>Cummins (NYSE:CMI - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.76. The business had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $7.97 billion. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.86 earnings per share.  As a group, research analysts forecast that  Cummins Inc. will post 22.54 EPS for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts recently weighed in on CMI shares. Sanford C. Bernstein  reaffirmed a &#34;market perform&#34; rating and set a $475.00 target price on shares of Cummins in a research note on Friday, November 7th. Truist Financial raised their price objective on Cummins from $628.00 to $653.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, December 18th. Citigroup lifted their target price on Cummins from $580.00 to $630.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday. Wells Fargo &amp; Company started coverage on Cummins in a research note on Thursday, November 13th. They set an &#34;overweight&#34; rating and a $599.00 price target for the company. Finally, Raymond James Financial upgraded Cummins from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and set a $585.00 price target for the company in a report on Monday, December 22nd. One investment analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued  a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $513.07.</p><ul><li>Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners</li></ul><p><b>Get Our Latest Report on Cummins</b></p><h2>Insider Activity at Cummins</h2><p>In other news, insider Brett Michael Merritt sold 1,450 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $489.32, for a total value of $709,514.00. Following the sale, the insider owned 9,271 shares of the company's stock, valued at approximately $4,536,485.72. This represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Andrew Smith sold 13,110 shares of the firm's stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $470.66, for a total transaction of $6,170,352.60. Following the completion of the sale, the chief financial officer owned 31,582 shares of the company's stock, valued at $14,864,384.12. This trade represents a 29.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 19,330 shares of company stock worth $9,135,364. Company insiders own  0.41% of the company's stock. </p><h2>Cummins 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>Featured Stories</h2><ul><li>Five stocks we like better than Cummins</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>If You Keep Cash In A U.S. Bank Account… Read This NOW</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>Conning Inc. reduced its stake in Cummins Inc. (NYSE:CMI) by 20.6% in Q3, now holding 84,243 shares after selling 21,827 shares. Cummins represents about 1.2% of Conning's portfolio, valued at approximately $35.58 million. Other institutional investors have also adjusted their positions in Cummins. The stock opened at $565.32, with a market cap of $78.04 billion and a P/E ratio of 29.34. Cummins reported Q3 earnings of $5.59 per share, exceeding estimates, with revenue of $8.32 billion. Analysts have mixed ratings on the stock, with a consensus target price of $513.07.</p>

Conning Inc. Lowers Stock Holdings in Cummins Inc. $CMI