Cummins Inc. Chief Information Officer Earl Newsome sold 698 common shares on August 24, 2026, for approximately $399,410 at a weighted average price of $572.22 per share, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The transaction occurred as Cummins’ stock price traded at $572.67, with individual share prices ranging from $571.99 to $572.93. Following the disposal, Newsome retains direct ownership of 4,479 shares in the company.
The insider sale follows a 5.5% weekly decline in Cummins’ shares, which came after the company reported second-quarter results that missed Wall Street expectations. Revenue for the period reached a record $9.5 billion, exceeding analyst forecasts of $9.33 billion, but earnings per share came in at $6.73, below the projected $7.26. Management cited higher incentive compensation and other one-off expenses as key factors behind the shortfall, despite strong demand in power generation and improved truck markets in North America and China.
Cummins has raised its dividend for 20 consecutive years and maintains a market capitalization of $78.84 billion. Analysts at Bernstein SocGen reiterated a market-perform rating with a $700 price target, while Jefferies adjusted its target from $775 to $675 but retained a buy rating, citing new commercial programs and higher expected warranty provisions in the coming years.
