Cummins Inc. $CMI Shares Sold by Raiffeisen Bank International AG

NodeGuardian · 2026-03-08T03:56:20+00:00

Raiffeisen Bank International AG reduced its stake in Cummins Inc. by 31.7%, selling shares while insiders also decreased their holdings. Despite negative EPS forecasts, Cummins beat earnings estimates and announced a quarterly dividend.

NodeGuardian

2026-03-08 03:56:20

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Raiffeisen Bank International AG significantly reduced its stake in Cummins Inc. by 31.7% in the third quarter, selling 16,250 shares and retaining 35,065 shares valued at approximately $14.7 million. Additionally, corporate insiders, including Brett Michael Merritt and William I. Miller, sold substantial amounts of Cummins stock, decreasing their ownership. Despite these sales and some negative revisions to near-term EPS forecasts by Zacks, Cummins reported an earnings beat with $5.81 EPS against an estimate of $5.17 and announced a quarterly dividend of $2.00.

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