Cummins (NYSE:CMI) Shares Acquired Rep. Bruce Westerman

Posted by Steve Fairfield on Apr 18th, 2025

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 Stock Up 0.3 %

NYSE CMI opened at $281.37 on Friday. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $387.90. The firm has a market capitalization of $38.76 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.19 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $328.65 and a two-hundred day moving average of $345.57.

Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Cummins Inc. will post 22.54 earnings per share for the current 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 issued a dividend of $1.82 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $7.28 annualized dividend and a yield of 2.59%. Cummins’s payout ratio is presently 25.84%.

Hedge Funds Weigh In On Cummins

Several hedge funds have recently modified their holdings of the stock. Global Trust Asset Management LLC lifted its stake in shares of Cummins by 59.6% during the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 28 shares during the period. BankPlus Trust Department purchased a new stake in Cummins during the 4th quarter valued at about $26,000. Compass Financial Services Inc acquired a new position in shares of Cummins in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. raised its stake in shares of Cummins by 208.0% in the fourth quarter. Meeder Asset Management Inc. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 52 shares during the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Cummins during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMI shares. Morgan Stanley lowered their price objective on shares of Cummins from $425.00 to $340.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup lowered their target price on Cummins from $360.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Robert W. Baird decreased their price objective on Cummins from $407.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday. Truist Financial cut their target price on shares of Cummins from $420.00 to $338.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Cummins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cummins presently has a consensus rating of “Hold” and an average target price of $346.00.

Check Out Our Latest Stock Analysis on CMI

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

(Get Free Report)

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.