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Cummins Inc. $CMI Shares Sold by Shell Asset Management Co.
Shell Asset Management Co. significantly reduced its stake in Cummins Inc. by 88.2% in the third quarter, selling 4,860 shares valued at $274,000. Despite this, other major institutional investors like Vanguard Group Inc., State Street Corp, and Fisher Asset Management LLC increased their holdings in Cummins during the second quarter. The article also notes recent insider sales by Brett Michael Merritt and William I. Miller, and several analysts have recently raised their price targets for CMI, with a consensus “Moderate Buy” rating.