Capital Investment Advisors 13F: Adds $3.1M to CMI Stake
Key Points
- Capital Investment Advisors lifted its holdings in Cummins Inc. by 5.3%, adding 5,961 shares to bring its total position to 119,011 shares valued at approximately $61.5 million in an October 22, 2026 filing.
- The engine and power equipment maker trades around $519.53, well below its 52-week high of $737.76 and its 200-day moving average.
- Cummins pays an annual dividend rate of $8.80 per share, giving it a dividend yield of 1.69% alongside a payout ratio of 40.9%.
Get Cummins text alerts
We text you when insiders, Congress, analysts or big funds move on $CMI.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Cummins Inc. alert may contain errors. Disclosures
Capital Investment Advisors lifted its holdings in Cummins Inc. ticker CMI by 5.3% during the period, buying 5,961 more shares to finish with 119,011 shares. That position carried a value of about $61.5 million based on disclosures in an October 22, 2026 Form 13F filing with the Securities and Exchange Commission.
CMI
Cummins Inc.
Capital Investment Advisors vs. the S&P 500
Hypothetical returns from Capital Investment Advisors's disclosed trades, not real profit or advice. How we model this.
What Changed in Capital Investment Advisors's Cummins Inc. Position
The firm grew its stake from 113,050 shares up to 119,011 shares, expanding the investment by 5.3% over the prior period. The resulting holding of 119,011 shares sat at a reported total value of $61,477,604.
Other Institutional Activity in Cummins Inc.
Other institutional investors also adjusted their positions in the engine manufacturer around the same filing window. Caisse de Depot Et Placement Du Quebec grew its holdings by 44,861 shares, ending with 286,769 shares worth about $204.5 million. Midwest Trust grew its holdings by 13,422 shares, ending with 27,433 shares worth about $14.2 million. Trust Co of Vermont grew its holdings by 1,207 shares, ending with 18,229 shares worth about $9.4 million. Foster Victor Wealth Advisors grew its holdings by 2,504 shares, ending with 26,840 shares worth about $14.0 million. TCV Trust & Wealth Management sold out of its position, shedding 330 shares to end with zero shares.
Cummins Inc. Stock Down 4.2%
Cummins closed at $519.53 on October 22, 2026. The stock recently traded around $519.53 as of October 24, 2026, which is about equal to its price on the filing date. Shares sit well below their 52-week high of $737.76 and below the 200-day moving average of $604.12.
Recent Earnings
Cummins reported trailing-twelve-month revenue of $34.7 billion and earnings of $19.57 per share. The company posted a net profit margin of 7.8% and return on equity of 21.1%. Its next earnings report is scheduled for November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
7 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 9.0%. Revenue met estimates.
-
Profit surprise
EBITDA missed by 39 percent. Operating income missed by 16 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
7 target raises.
-
Earnings quality
Operating margin down 2.6 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered $8.4 billion in revenue, up 3 percent year over year, with power generation strong but North America trucks still weak at the start. Management highlighted a major hybrid mining truck deployment in Chile and progress on new 2027 engines. They sold the low-pressure fuel cell business to Alstom, cutting future losses in the Accelera division. The strong finish to the quarter and improving orders lead management to expect the year to be much better, with better momentum in trucks and accelerating data center buildouts globally.
Guidance Cummins raised its full year revenue forecast to grow 8 to 11 percent, up from 3 to 8 percent prior. The company expects power generation revenue to jump 15 to 25 percent, driven by strong data center demand globally. North America truck production is forecast at 230,000 to 250,000 units for heavy-duty and 125,000 to 135,000 units for medium-duty, higher than previous expectations.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Cummins provides an annual dividend rate of $8.80 per share, resulting in a dividend yield of 1.69%. The payout ratio sits at 40.9%, meaning the company uses less than half of its earnings to support the regular distribution to shareholders.
Insider Buying and Selling at Cummins Inc.
Company insiders completed several share sales earlier in the year. Officer Nathan R. Stoner sold 607 shares on May 11, 2026, at an average price of $694.06 for a total value of $421,294. Officer Jennifer Mary Bush sold 5,000 shares on May 12, 2026, valued at approximately $3.5 million. Officer Donald G. Jackson sold 730 shares on May 14, 2026, worth $518,975. Chief Technology Officer Earl Newsome Jr. sold 698 shares on August 24, 2026, at an average price of $572.22 for a total value of $399,410.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock through October. UBS maintained its Buy rating on September 30, 2026, while lowering its target to $741.00 from $835.00. Truist Securities maintained its Buy rating on October 5, 2026, reducing its target from $894.00 to $779.00. Wells Fargo maintained an Overweight rating on October 8, 2026, adjusting its target to $760.00 from $874.00. Citigroup maintained a Buy rating on October 12, 2026, moving its target from $790.00 to $630.00. Barclays maintained an Overweight rating on October 19, 2026, shifting its target from $760.00 to $675.00. Overall, the stock carries a consensus Buy rating across 19 analyst opinions with a mean price target of $716.66.
About Cummins Inc.
Headquartered in Columbus, Indiana, Cummins designs and manufactures power solutions across the globe. The business builds diesel and natural gas engines, drivetrain components, and integrated power systems for heavy-duty commercial and industrial equipment. With over 67,000 employees, the company serves on-highway and off-highway markets worldwide.
Bottom Line
Investors are keeping an eye on Cummins as it approaches its upcoming earnings release on November 5, 2026. The stock trades below its historical averages while offering a steady dividend distribution supported by solid margins.
Related Filing Alerts
Source: Capital Investment Advisors's 13F filing on $CMI (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts