Ontario Teachers Pension Plan Board Sells 114,220 Shares of Cummins Inc. $CMI

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The Ontario Teachers Pension Plan Board reduced its stake in Cummins Inc. by 26.2%, selling 114,220 shares and ending the quarter with 321,740 shares valued at approximately $135.9 million. Cummins recently outperformed quarterly estimates with $5.81 EPS on $8.54 billion revenue and announced a $2.00 quarterly dividend. Wall Street analysts generally maintain a “Moderate Buy” rating for CMI, with an average price target of $588.93.

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