Nykredit A S Invests $40.39 Million in Cummins Inc. $CMI

Nykredit A/S has significantly increased its stake in Cummins Inc. by purchasing 56,636 shares worth approximately $40.39 million in the second quarter. This move comes as other institutional investors also adjusted their positions in the company, with overall institutional ownership reaching 83.46%. Despite missing quarterly EPS estimates, Cummins reported a 9.4% year-over-year revenue increase and recently boosted its quarterly dividend, maintaining a "Moderate Buy" consensus among analysts.