Cummins Falls 3.7% as Earlier Earnings Miss and Risk-Off Trading Weigh on Shares

Cummins Inc. (CMI) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a major new company-specific announcement driving the move today, so the decline may reflect a mix of lingering pressure from Cummins’ recent earnings miss and a weaker backdrop for industrial shares. This could be because investors are reassessing valuation after the stock’s strong run earlier in 2026 while broader market sentiment has turned more cautious.

Details:

Cummins’ latest quarterly report showed record revenue and a higher full-year sales outlook, but adjusted earnings fell short of expectations, with profitability pressured by incentive compensation, research and development spending, freight costs and product coverage expenses.

The company’s August results still pointed to solid demand in North American on-highway markets and data center backup power, which suggests today’s drop is more about sentiment and valuation than a sudden deterioration in operations.

Recent analyst tracking shows some target-price reductions after the quarter, signaling a more measured view even as several firms kept constructive longer-term ratings.

The broader market opened the week under pressure as rising oil prices and higher Treasury yields weighed on cyclical and industrial names, which likely added to the selling in Cummins.

Sources:

Cummins Investor Relations, SEC, AP News, Zacks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CMI Insider Trading Activity

$CMI insiders have traded $CMI stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $CMI stock by insiders over the last 6 months:

JENNIFER MARY BUSH (VP & Pres. - Power Systems) has made 0 purchases and 6 sales selling 5,000 shares for an estimated $3,481,066.
DONALD G JACKSON (VP - Treasury & Tax) has made 0 purchases and 3 sales selling 730 shares for an estimated $518,974.
BONNIE J FETCH (EVP & President - Operations) sold 642 shares for an estimated $451,685
EARL NEWSOME (VP - Chief Information Officer) sold 698 shares for an estimated $399,410

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CMI Hedge Fund Activity

We have seen 1,039 institutional investors add shares of $CMI stock to their portfolio, and 917 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 929,328 shares (+inf%) to their portfolio in Q2 2026, for an estimated $662,806,022
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 887,180 shares (+inf%) to their portfolio in Q2 2026, for an estimated $632,745,647
CITADEL ADVISORS LLC removed 658,888 shares (-72.8%) from their portfolio in Q1 2026, for an estimated $354,494,921
FMR LLC added 657,632 shares (+12.1%) to their portfolio in Q2 2026, for an estimated $469,029,718
CURATED WEALTH PARTNERS LLC added 629,542 shares (+inf%) to their portfolio in Q2 2026, for an estimated $448,995,649
GEODE CAPITAL MANAGEMENT, LLC removed 516,944 shares (-13.8%) from their portfolio in Q2 2026, for an estimated $368,689,630
ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. added 508,555 shares (+111.5%) to their portfolio in Q2 2026, for an estimated $362,706,511

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CMI Government Contracts

We have seen $41,394,988 of award payments to $CMI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CUMMINS RUGGED MOBILE POWER 1070 60KW GENERATORS: $205,130
PREVENTIVE MAINTENANCE AND REPAIR OF EMERGENCY BACKUP GENERATORS: $142,860
PROJECT 25Z5AF4- EMERGENCY GENERATOR REPAIR TO ENSURE CONTINUOUS STANDBY POWER TO THE INSTITUTION: $64,475

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$CMI Congressional Stock Trading

Members of Congress have traded $CMI stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CMI stock by members of Congress over the last 6 months:

REPRESENTATIVE JARED MOSKOWITZ sold up to $15,000 on 03/31.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CMI Price Targets

Multiple analysts have issued price targets for $CMI recently. We have seen 9 analysts offer price targets for $CMI in the last 6 months, with a median target of $770.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $901.0 on 07/02/2026
Jerry Revich from Wells Fargo set a target price of $874.0 on 06/17/2026
Steven Fisher from UBS set a target price of $850.0 on 06/08/2026
John Eade from Argus Research set a target price of $770.0 on 06/01/2026
Tim Thein from Raymond James set a target price of $745.0 on 05/26/2026
Adam Seiden from Barclays set a target price of $760.0 on 05/07/2026
Angel Castillo from Morgan Stanley set a target price of $752.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.