A senior executive at Cummins Inc. (NYSE: CMI) reported the sale of 4,004 shares of common stock on March 3, 2026, generating proceeds of $2.27 million, according to a Form 4 filed with the Securities and Exchange Commission.
The sale was executed in six separate transactions, with individual trade prices spanning from $559.9886 to $565.9233. Following the transactions, the filing records a change in the executive's direct holdings from 21,511.0130 shares to 17,501.0130 shares.
The insider named in the filing is Amy Rochelle Davis, who serves as Vice President and President - Accelera and Com at Cummins. The filing also shows that Davis holds options covering 5,090 shares of Cummins common stock.
At the time of reporting, Cummins stock was trading at $569.55, a price level the article notes represents a 64% increase over the past 12 months.
Investors seeking valuation context will find an InvestingPro analysis cited in the filing, which characterizes Cummins as appearing slightly overvalued relative to its Fair Value estimate. The notice points to a Pro Research Report for deeper valuation metrics on CMI and more than 1,400 other U.S. equities.
These insider disclosures arrive amid a strong company earnings backdrop. Cummins reported adjusted earnings per share of $5.81 for the fourth quarter of 2025, a result the company said outpaced analyst expectations by 14%. EBITDA for the quarter reached $1.4 billion, exceeding estimates by roughly 2%.
In the wake of those results, multiple investment firms updated their price targets for Cummins. Truist Securities increased its target to $703 while maintaining a Buy rating. Bernstein SocGen Group raised its target to $600 and assigned a Market Perform rating. Raymond James moved its target to $675, citing growth drivers that include a cyclical recovery in North American markets and expansion of global data centers. UBS adjusted its target to $565 based on a revised price-to-earnings multiple.
The company also declared a quarterly cash dividend of $2.00 per share, scheduled to be payable on March 5, 2026.
All figures and events above are reported as stated in the referenced SEC filing and company disclosures. Where the source material provides limited context, this article reflects those limits rather than inferring additional motives or outcomes.