Trust Co of Vermont 13F: Adds $623K to Cummins (CMI) Stake
Key Points
- Trust Co of Vermont filed a Form 13F with the SEC on October 21, 2026, revealing a 7.1% increase in its Cummins Inc. holdings.
- The fund's stake grew by 1,207 shares, bringing its total ownership to 18,229 shares worth about $9.4 million.
- Cummins stock recently traded at $542.21, down from its 52-week high of $737.76.
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Trust Co of Vermont increased its position in Cummins Inc. ticker CMI by 1,207 shares during the quarter, bringing its total stake to 18,229 shares. According to a Form 13F filed with the Securities and Exchange Commission on October 21, 2026, the updated holding was valued at approximately $9.4 million.
CMI
Cummins Inc.
Trust Co of Vermont vs. the S&P 500
Hypothetical returns from Trust Co of Vermont's disclosed trades, not real profit or advice. How we model this.
What Changed in Trust Co of Vermont's Cummins Position
The institutional investor lifted its investment by 7.1% compared to the previous quarter, when it held 17,022 shares. The added shares brought the total market value of the position to $9.4 million as of the filing date.
Other Institutional Activity in Cummins
Other financial institutions made notable adjustments to their holdings in the heavy machinery maker during recent reporting periods. Foster Group sold out its entire position, unloading 386 shares to end with zero holdings. Moody Lynn Lieberson & Walker also exited its position by liquidating 4,846 shares. Curated Wealth Partners slashed its stake by 99.8%, cutting 628,250 shares to finish with 1,292 shares valued at $667,411. On the buying side, First Eagle Investment Management grew its holdings by 12,293 shares, ending with 767,231 shares worth about $558.2 million. Aberdeen Group lifted its stake by 2,258 shares to reach 193,979 shares valued at roughly $138.3 million.
Cummins Inc. Stock Up 2.0%
Shares of Cummins closed at $542.21 on October 21, 2026, matching its recent trading price of $542.21 as of October 22, 2026. The stock sits below its 52-week peak of $737.76 and well above its 52-week low of $407.57.
Recent Earnings
Cummins reported trailing twelve month revenue of $34.7 billion alongside earnings of $19.57 per share.
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
Eligible shareholders receive an annual dividend rate of $8.80 per share.
Insider Buying and Selling at Cummins Inc.
Company insiders executed several stock sales over recent months, including transactions by officer Nathan R Stoner, officer Jennifer Mary Bush, and Chief Technology Officer Earl Newsome Jr.
Analysts Set New Price Targets
Wall Street firms updated their price targets for the stock ahead of upcoming reports, with analysts from UBS, Truist Securities, Wells Fargo, Citigroup, and Barclays maintaining various ratings.
About Cummins
Headquartered in Columbus, Indiana, Cummins designs and manufactures power solutions across the globe. The company builds diesel and natural gas engines, drivetrain components, and power systems for on- and off-highway commercial markets, playing a central role in heavy-duty industrial machinery.
Bottom Line
Institutional investors continue to recalibrate their exposure to Cummins as market conditions evolve. Investors will look toward the company's next financial update scheduled for November 5, 2026, for further insight into its operational performance.
Related Filing Alerts
Source: Trust Co of Vermont'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