VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 2,160 Cummins Inc. $CMI

Virginia Retirement Systems initiated a new position in Cummins Inc. (NYSE:CMI) by purchasing 2,160 shares valued at approximately $1.54 million. This move is part of broader institutional investment, with 83.46% of Cummins stock owned by hedge funds and other institutional investors. Despite a recent earnings per share miss, the company increased its quarterly dividend to $2.20 per share, and analysts maintain a "Moderate Buy" consensus with an average price target of $764.54.