Cummins Inc

Thurston Springer Miller Herd & Titak Inc. significantly reduced its stake in Cummins Inc. (NYSE:CMI) by 72% in the third quarter, selling 2,124 shares and retaining 826 shares valued at $427,000. Despite Cummins missing analyst earnings expectations at $6.73 per share, its revenue increased by 9.4% year-over-year to $9.46 billion, and the company declared a quarterly dividend of $2.20 per share. Analysts generally maintain a "Moderate Buy" rating for Cummins, with an average price target of $708.18.

Generac Holdings Inc. anticipates generating $350 million in free cash flow in 2026 despite increasing capital expenditures to expand production capacity for its rapidly growing Commercial & Industrial business, particularly in data centers. The company is investing significantly in manufacturing facilities to meet surging demand for large megawatt generators, expecting capital expenditures to reach approximately 4.5% of forecasted net sales. Despite these rising capital needs, Generac maintains its free cash flow forecast, relying on tariff refunds and attractive returns from capacity investments to balance its financial goals.

Generac Holdings Inc. anticipates generating approximately $350 million in free cash flow in 2026, despite increasing capital expenditures to meet surging demand for backup power generators, especially for data centers. The company is significantly investing in expanding its production capacity and expects these investments to offer attractive returns with short payback periods. Generac's ability to manage these rising capital needs while maintaining strong cash generation will be critical for its sustained growth.

Generac (GNRC) anticipates generating approximately $350 million in free cash flow by 2026, despite increasing capital expenditures to expand production capacity for its backup power generators. The company is experiencing significant growth in its Commercial & Industrial business, especially from data centers, which requires substantial investments in manufacturing. Generac's ability to balance these capital needs with strong cash generation will be crucial for its long-term growth, as highlighted by its improved Q2 2026 operating cash flow, though some gains were from non-recurring tariff refunds.

First Citizens Bank & Trust Co. recently acquired 12,693 shares of Cummins Inc. (NYSE:CMI) during the third quarter, a new position valued at approximately $6.6 million. Despite some analysts lowering price targets, the stock maintains a "Moderate Buy" consensus rating with an average target of $708.18. Cummins reported quarterly EPS of $6.73, missing estimates, but saw a 9.4% revenue increase year-over-year and declared a quarterly dividend of $2.20 per share.

Clean Energy Fuels has appointed Sean Wine as its first Chief Revenue Officer (CRO), a move aimed at enhancing the company's commercial strategy and driving revenue growth. Wine will lead efforts in customer development and market expansion, leveraging his two decades of experience with Clean Energy in sales, renewable fuels, and business development. This appointment reflects the company's focus on capitalizing on increasing demand for natural gas engines and renewable natural gas (RNG).

Signal Advisors Wealth LLC significantly increased its stake in Cummins Inc. (NYSE:CMI) by 4,918% in the third quarter, acquiring 41,213 shares to bring its total position to 42,051 shares, valued at approximately $21.7 million. This move positions Cummins as the 20th largest holding for Signal Advisors Wealth LLC. Despite a Q3 earnings per share miss, analysts maintain a "Moderate Buy" rating with an average price target of $708.18, and institutional investors collectively own 83.46% of the company's stock.

Krilogy Financial LLC significantly increased its stake in Cummins Inc. by 304.5% in the third quarter, purchasing 8,450 additional shares and bringing its total holdings to 11,225 shares, valued at approximately $5.8 million. Institutional investors collectively own 83.46% of Cummins, which has a consensus "Moderate Buy" rating from analysts with an average price target of $708.18. Despite missing earnings per share estimates, the company reported a 9.4% year-over-year revenue increase to $9.46 billion and declared a quarterly dividend of $2.20 per share.

NorthCrest Asset Management LLC significantly increased its stake in Cummins Inc. (NYSE:CMI) by 197.6% in the third quarter, acquiring an additional 3,802 shares. This purchase brings their total holdings to 5,726 shares, valued at approximately $2.96 million. Other institutional investors also adjusted their positions in Cummins, which recently reported quarterly EPS below analyst estimates but revenue that exceeded expectations.

Citi has cut its stock target for Cummins (CMI) from USD 790.00 to USD 630.00 while maintaining a Buy rating. This adjustment follows Cummins' second-quarter 2026 revenue of USD 9.46 billion, a 9.40% year-over-year increase, and an earlier target cut by Truist. The company is set to report third-quarter results on November 5, 2026, and declared a USD 2.20 quarterly dividend.