Interval Partners LP Cuts Stake in Cummins Inc. $CMI

Interval Partners LP significantly reduced its stake in Cummins Inc. ($CMI) by 54.6% in the third quarter, selling 28,373 shares and retaining 23,590 shares valued at approximately $9.96 million. Despite this, institutional investors collectively own 83.46% of the stock, while company insiders have sold shares totaling about $18.4 million over the past three months. Analysts maintain a “Moderate Buy” consensus rating with an average target price of $588.93, and Cummins recently reported better-than-expected quarterly earnings and declared a $2.00 quarterly dividend.