Cummins Inc. Chief Information Officer Earl Newsome sold 698 shares of common stock on August 24, 2026, generating approximately $399,410 at a weighted average price of $572.21 per share, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The transaction price ranged from $571.99 to $572.93 per share, with Cummins’ stock trading at $572.67 at the time of the report. Following the sale, Newsome holds 4,479 shares directly and beneficially.
The disposal follows a week in which Cummins’ shares declined about 5.5%, despite the company reporting record second-quarter revenue of $9.5 billion, which exceeded analyst forecasts of $9.33 billion. Earnings per share, however, came in at $6.73, below the $7.26 expected by Wall Street, as higher incentive compensation and one-time costs weighed on profitability.
Strong demand in power generation and improving truck markets in North America and China supported revenue growth, though profit margins missed expectations. The company has raised its dividend for 20 consecutive years.
Analysts at Bernstein Société Générale maintained a Market Perform rating with a $700 price target, citing the revenue beat as balanced against the profit and margin shortfall. Jefferies maintained its Buy rating but trimmed its price target to $675 from $775, attributing the adjustment to new commercial programs and higher expected warranty accruals in the coming years.
