Foster Victor Wealth Advisors 13F: Adds $1.3M to CMI Stake
Key Points
- Foster Victor Wealth Advisors increased its Cummins Inc. position by 10.3%, bringing its total stake to 26,840 shares worth about $14.0 million on October 21, 2026.
- Cummins Inc. trades around $542.21, down from its 52-week high while carrying a trailing P/E ratio of 26.68.
- The company pays an annual dividend rate of $8.80 per share, yielding 1.66% with a payout ratio of 40.9%.
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Foster Victor Wealth Advisors raised its stake in Cummins Inc. CMI by 10.2% during the third quarter, according to a Form 13F filing on October 21, 2026. The firm bought 2,504 more shares to bring its total holding to 26,840 shares. The reported value of the investment reached $14,014,221.00 at the time of the filing.
CMI
Cummins Inc.
What Changed in Foster Victor Wealth Advisors's Cummins Inc. Position
The wealth management firm grew its investment in the engine maker from 24,336 shares up to 26,840 shares. That increase of 2,504 shares pushed the value past $14 million. The change reflects a higher conviction in the industrial manufacturer during a period when shares traded well below their 52-week peak.
Other Institutional Activity in Cummins Inc.
Other major investors adjusted their positions in the engine manufacturer around the same reporting period. Caisse de Depot Et Placement Du Quebec grew its holdings by 44,861 shares, ending with 286,769 shares worth about $204,526,524.79. Trust Co of Vermont grew its holdings by 1,207 shares, ending with 18,229 shares worth about $9,416,554.00. TCV Trust & Wealth Management cut its position entirely by selling 330 shares. Foster Group sold out of its position by shedding 386 shares. Moody Lynn Lieberson & Walker closed out its stake by unloading 4,846 shares.
Cummins Inc. Stock Up 2.0%
Cummins Inc. recently traded around $542.21 as of October 22, 2026, which matches its close of $542.21 on the filing date. The stock sits below its 50-day moving average of $557.67 and well under its 52-week high of $737.76. Analysts hold a consensus buy rating with a mean target price of $716.66.
Recent Earnings
Cummins Inc. generated $34,708,000,768.00 in trailing-twelve-month revenue with a net margin of 7.8% and earnings per share of $19.57. The company is scheduled to report its next earnings on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 9.0%. Revenue met estimates.
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Profit surprise
EBITDA missed by 39 percent. Operating income missed by 16 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
7 target raises.
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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 Inc. pays an annual dividend rate of $8.80 per share. That payout translates to a dividend yield of 1.66% based on recent share prices. The company distributes 40.9% of its earnings to shareholders as dividends.
Insider Buying and Selling at Cummins Inc.
Company insiders completed multiple stock transactions earlier in the year. Officer Nathan R Stoner sold 607 shares on May 11, 2026, at a price of $694.06 for a total value of $421,294.00. Officer Jennifer Mary Bush sold 5,000 shares on May 12, 2026, valued at $3,481,066.00. Officer Donald G Jackson sold 730 shares on May 14, 2026, valued at $518,975.00. Chief Technology Officer Earl Newsome Jr. sold 698 shares on August 24, 2026, at a price of $572.22 for a total value of $399,410.00.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on Cummins Inc. ahead of the filing. On September 30, 2026, UBS maintained its Buy rating while lowering its price target from $835.00 to $741.00. Truist Securities maintained a Buy rating on October 5, 2026, lowering its target from $894.00 to $779.00. Wells Fargo kept an Overweight rating on October 8, 2026, adjusting its target from $874.00 to $760.00. Citigroup maintained a Buy rating on October 12, 2026, cutting its target from $790.00 to $630.00. Barclays maintained an Overweight rating on October 19, 2026, reducing its target from $760.00 to $675.00.
About Cummins Inc.
Cummins Inc. designs, manufactures, and distributes power solutions globally. The Columbus, Indiana-based company operates through five core business segments covering diesel and natural gas engines, electrical power systems, components, and zero-emission technology through its Accelera division. It serves heavy-duty on-highway and off-highway equipment markets worldwide.
Bottom Line
Foster Victor Wealth Advisors expanded its investment in Cummins Inc. during a volatile stretch for industrial equities. Investors will monitor upcoming earnings reports on November 5, 2026, for updates on profit margins and segment demand.
Related Filing Alerts
Source: Foster Victor Wealth Advisors's 13F filing on $CMI (Oct 21, 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