First Trust Advisors LP Reduces Position in Cummins Inc. $CMI

NodeGuardian · 2026-03-12T11:27:05+00:00

First Trust Advisors LP decreased its stake in Cummins Inc. by 27.6%, selling over 60,000 shares but retaining a $66.4 million holding. Analysts maintain a "Moderate Buy" rating with a target price of $588.93, amid adjustments by other institutional investors.

NodeGuardian

2026-03-12 11:27:05

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First Trust Advisors LP has reduced its stake in Cummins Inc. by 27.6% in the third quarter, selling over 60,000 shares but still owning a significant holding worth $66.4 million. Other hedge funds have adjusted their positions as well, with institutional investors holding 83.46% of the company’s stock. Analysts currently have a “Moderate Buy” rating for Cummins with a consensus target price of $588.93, despite some recent downgrades and insider stock sales.

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