Insider transaction details
Amy Rochelle Davis, who serves as vice president and president of Accelera and Communications at Cummins Inc. (NYSE: CMI), sold a total of 1,863 shares of the company’s common stock on February 23, 2026, for aggregate proceeds of $1,093,504. The sales were executed across several price points, with per-share prices ranging from $585.1111 to $588.37.
The sale breakdown provided in company filings shows:
- 80 shares sold at a weighted average price of $588.37;
- 160 shares sold at a weighted average price of $585.1111;
- 591 shares sold at a weighted average price of $587.2944; and
- 1,033 shares sold at a weighted average price of $586.3753.
After these transactions, Davis directly holds 17,827.0130 shares of Cummins common stock. In addition to her direct holdings, Davis has options outstanding to purchase 5,090 shares of Cummins common stock.
Company results and payout
Those filings coincided with Cummins’ fourth-quarter results. The company reported adjusted earnings per share of $5.81 for the quarter; that figure includes $1.54 attributed to Accelera charges. Reported EBITDA for the period was $1.4 billion, a result described as slightly above estimates. Cummins also declared a quarterly dividend of $2.00 per share, with payment scheduled for March 2026.
Analyst reactions
Following the earnings release, several brokerages revised their price targets for Cummins. Truist Securities raised its target to $703 and kept a Buy rating. Raymond James increased its target to $675, citing growth prospects in North American markets and global data center expansion. UBS adjusted its price target to $565 while maintaining a Neutral rating, referencing a projected price-to-earnings multiple. Bernstein SocGen Group lifted its target to $600 after the company’s stronger-than-expected results.
Context and limitations
The disclosure documents list the precise share counts, prices, and the post-sale holdings for Davis, along with her remaining option position. The company’s reported financial metrics and the dividend declaration are recorded as provided. Where the filing or report provides no additional detail, this article reflects only the available information.