Rep. Bruce Westerman Buys Cummins Inc. (NYSE:CMI) Shares

Representative Bruce Westerman (R-Arkansas) recently bought shares of Cummins Inc. NYSE: CMI. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cummins stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

Cummins Price Performance

CMI traded up $6.45 on Wednesday, hitting $285.56. 365,112 shares of the stock were exchanged, compared to its average volume of 804,750. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.80. Cummins Inc. has a 12 month low of $260.02 and a 12 month high of $387.90. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.19 and a beta of 1.07. The business has a 50-day moving average of $323.22 and a two-hundred day moving average of $344.66.

Cummins (NYSE:CMI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.46. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The business had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter last year, the business posted $4.14 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts forecast that Cummins Inc. will post 22.54 EPS for the current fiscal year.

Cummins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 21st were given a $1.82 dividend. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Friday, February 21st. Cummins's payout ratio is currently 25.84%.

Institutional Investors Weigh In On Cummins

Several hedge funds and other institutional investors have recently bought and sold shares of CMI. Wellington Management Group LLP grew its stake in Cummins by 51.7% in the third quarter. Wellington Management Group LLP now owns 4,289 shares of the company's stock valued at $1,389,000 after acquiring an additional 1,462 shares during the period. Advisory Resource Group grew its position in Cummins by 1.0% in the 3rd quarter. Advisory Resource Group now owns 15,328 shares of the company's stock valued at $4,963,000 after purchasing an additional 155 shares during the period. SkyView Investment Advisors LLC increased its stake in Cummins by 3.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,334 shares of the company's stock valued at $1,727,000 after purchasing an additional 202 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of Cummins by 1.8% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,089 shares of the company's stock valued at $1,648,000 after buying an additional 88 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of Cummins during the third quarter worth about $209,000. 83.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMI shares. StockNews.com cut shares of Cummins from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley decreased their target price on shares of Cummins from $425.00 to $340.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Truist Financial dropped their price target on Cummins from $420.00 to $338.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Evercore ISI boosted their price objective on Cummins from $408.00 to $451.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Barclays increased their target price on Cummins from $310.00 to $381.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Cummins has an average rating of "Hold" and a consensus target price of $346.00.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

Cummins Company Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.