Indivisible Partners 13F: Cuts Cummins (CMI) Stake by $4.9M
Key Points
- Indivisible Partners now holds 2,777 shares of Cummins Inc., down from 12,224 shares, representing a 77.3% decrease in its position.
- As of October 28, 2026, Cummins shares traded around $530.96, which is 1.7% above the $522.13 closing price on the filing date.
- The fund's total reported value was approximately $433.6 million, with Cummins making up about 0.33% of its portfolio.
Since the filing, $CMI is up 1.6% to date (from the $522.13 close on Oct 26, 2026).
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Indivisible Partners reduced its stake in Cummins Inc. (CMI) by 9,447 shares in a filing on October 26, 2026.
CMI
Cummins Inc.
Indivisible Partners vs. the S&P 500
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Where Cummins Inc. Fits in Indivisible Partners' Portfolio
Cummins now represents 0.33% of Indivisible Partners' total reported value of approximately $433.6 million. The fund ranks 28th among its 745 holdings, and this reduction reflects a significant change in its position.
Other Institutional Activity in Cummins Inc.
Several other funds also adjusted their positions in Cummins recently. Ascent Wealth Partners reduced its stake by 1,668 shares, leaving it with 16,850 shares worth about $8.7 million. In contrast, Midwest Trust grew its holdings by 13,422 shares, bringing its total to 27,433 shares valued at approximately $14.2 million. Meanwhile, Trust Co of Vermont added 1,207 shares, resulting in a total of 18,229 shares worth about $9.4 million.
Cummins Inc. Stock Up 1.7%
Cummins shares recently traded around $530.96, which is 1.7% above the $522.13 closing price on October 26, 2026. However, the stock is still below its 50-day and 200-day moving averages, signaling some weakness in its recent performance.
Recent Earnings
Cummins reported trailing twelve-month revenue of about $34.7 billion with an EPS of $19.57. The next earnings report is scheduled for 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 pays an annual dividend of $8.80 per share, which gives a yield of 1.66%. The company's dividend payout ratio is 40.9%.
Insider Buying and Selling at Cummins Inc.
Recent insider activity includes several sales. Officer Nathan R. Stoner sold 607 shares on May 11, 2026, at an average price of $694.06. Additionally, Officer Jennifer Mary Bush sold 5,000 shares on May 12, 2026, and Officer Donald G. Jackson sold 730 shares on May 14, 2026.
Analysts Set New Price Targets
On October 26, 2026, Wells Fargo maintained its Overweight rating for Cummins with a price target of $608, down from $760. The consensus among analysts is a Buy rating with a mean price target of approximately $708.66.
About Cummins Inc.
Cummins Inc. provides various power solutions globally, operating through segments such as Engine, Distribution, and Power Systems. The company offers diesel and natural gas engines, along with drivetrain systems and other related products, which are essential in various industries.
Bottom Line
Investors should keep an eye on Cummins' upcoming earnings report on November 5, 2026, to gauge the company's performance amid recent market adjustments. Additionally, watch for further updates from Indivisible Partners and other institutional investors regarding their positions.
Related Filing Alerts
Source: Indivisible Partners's 13F filing on $CMI (Oct 26, 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