Ascent Wealth Partners 13F: Cuts Cummins (CMI) Stake by $862K

Ascent Wealth Partners reduced its stake in Cummins Inc. (NYSE:CMI) by 9.0% during the quarter, according to a Form 13F filed with the SEC on October 23, 2026. The firm sold 1,668 shares of the engine and power solutions maker, leaving it with 16,850 shares worth approximately $8,704,205.

CMI Cummins Inc.

$519.53 ▲ +0.54% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Ascent Wealth Partners's Cummins Position

The filing shows Ascent Wealth Partners trimmed its investment from 18,518 shares down to 16,850 shares. That represents a 9.0% reduction for the firm over the reporting period.

Other Institutional Activity in Cummins

Other major institutional investors also adjusted their positions around the same time. TCV Trust & Wealth Management sold out its entire stake, shedding 330 shares to end with zero holdings. Foster Group similarly exited its position by getting rid of 386 shares. Moody Lynn Lieberson & Walker closed out its holdings by unloading 4,846 shares. Curated Wealth Partners slashed its investment by 99.8%, cutting 628,250 shares to finish the period with 1,292 shares worth roughly $667,411. On the other hand, First Eagle Investment Management grew its holdings by 12,293 shares, or 1.6%, ending with 767,231 shares valued at about $558.2 million.

Cummins Inc. Stock Down 4.2%

Cummins Inc. recently traded around $519.53 as of October 24, 2026, sitting above its closing price of $517.40 on the day of the filing.

Recent Earnings

Cummins posted trailing twelve-month revenue of $34.7 billion and earnings of $19.57 per share. The company reported a net profit margin of 7.8% and a return on equity of 21.1%, with its next earnings report scheduled for November 5, 2026.

Dividend

Cummins distributes an annual dividend rate of $8.80 per share, giving the stock a dividend yield of 1.69%. The company's dividend payout ratio stands at 40.9%, meaning it uses a bit under half of its earnings to reward shareholders.

Insider Buying and Selling at Cummins Inc.

Company insiders were active prior to the filing. Nathan R. Stoner sold 607 shares on May 11, 2026, for $694.06 per share, totaling roughly $421,294. Jennifer Mary Bush parted with 5,000 shares on May 12, 2026, for about $3.5 million. Donald G. Jackson disposed of 730 shares on May 14, 2026, valued at approximately $518,975. Later, on August 24, 2026, Chief Technology Officer Earl Newsome Jr. sold 698 shares at an average price of $572.22 for a total of $399,410.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. UBS maintained its Buy rating while lowering its target from $835.00 to $741.00 on September 30, 2026. Truist Securities kept a Buy rating on October 5, 2026, while trimming its target from $894.00 to $779.00. Wells Fargo maintained an Overweight rating on October 8, 2026, lowering its target from $874.00 to $760.00. Citigroup kept a Buy rating and lowered its target from $790.00 to $630.00 on October 12, 2026. Barclays maintained an Overweight rating on October 19, 2026, reducing its target from $760.00 to $675.00. Overall, the stock carries a consensus Buy rating and a mean price target of $716.66 across 19 analyst opinions.

About Cummins

Based in Columbus, Indiana, Cummins Inc. designs and manufactures power solutions globally. The company builds diesel and natural gas engines, drivetrain components, and advanced power systems through its various operating segments. Its machinery supports a wide array of commercial on-highway and off-highway applications worldwide.

Bottom Line

Investors are keeping a close watch on Cummins as it approaches its upcoming earnings report on November 5, 2026. Institutional adjustments and evolving analyst price targets will continue to shape market sentiment for the industrial machinery maker.