Canandaigua doubles its stake and 13 analysts rate Cummins stock Buy

Published on 10/08/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 9.40 percent to USD 9.46 billion in the second quarter. Cummins stock costs EUR 459.15 on October 8, 2026 versus EUR 462.05.

Isometrische 3D-Illustration der Maschinenbau-Wertschöpfungskette vom Lager bis zur Auslieferung — Cummins Inc. Wertschöpfungskette US2310211063 – isometrische 3D-Illustration des Motorenproduktionsprozesses von Lager bis Auslieferung, Illustration mit AI erstellt.

Cummins Inc. stock (ISIN US2310211063) was trading at EUR 459.15 at Lang & Schwarz on October 8, 2026 at 3:01 p.m. CEST, down 0.63 percent versus the EUR 462.05 prior close. MarketBeat reported on October 7, 2026 that Canandaigua National Bank and Trust Co. increased its Cummins holdings by 104.00 percent to 7,859 shares during the third quarter. The filing gives institutional ownership a concrete signal, but it does not change the company earnings picture by itself.

Three dates shape the story

On August 4, 2026, MarketBeat reported Cummins second-quarter 2026 revenue of USD 9.46 billion, up 9.40 percent year over year, while earnings per share of USD 6.73 missed consensus by USD 0.48. On September 23, 2026, JPMorgan cut its price target from USD 690.00 to USD 600.00 and kept a neutral rating, according to the same MarketBeat report. On October 7, 2026, the Canandaigua filing showed 7,859 shares after an additional 4,006-share purchase, making ownership activity the latest dated development.

What does the stake change mean?

The filing sits alongside a USD 71.4 billion market capitalization and a USD 400.72 to USD 737.76 52-week range as of October 7, 2026. Yahoo Finance reported on October 4, 2026 that Cummins and EquipmentShare had agreed a multi-year arrangement covering up to 1 gigawatt of natural gas generation capacity. That demand opportunity adds operating context, while the second-quarter earnings miss shows why margin and execution remain material to the valuation.

Next reporting date is set

Simply Wall St lists November 5, 2026 as Cummins next reporting date, with third-quarter results scheduled for 9:30 a.m. ET. The next report will test whether the USD 9.46 billion second-quarter revenue base can translate into earnings that better match expectations.

Stock trades lower in Europe

Cummins stock was trading at EUR 459.15 at Lang & Schwarz on October 8, 2026 at 3:01 p.m. CEST, down 0.63 percent versus the EUR 462.05 prior close. The primary listing is on the NYSE, where Cummins trades under CMI in USD; the finance quote showed a USD 517.32 price on October 7, 2026, with the primary-market session closed. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.