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HighTower Advisors LLC Increases Stock Position in Cummins Inc. $CMI
HighTower Advisors LLC has increased its stake in Cummins Inc. (NYSE:CMI) by 3.5% in the third quarter, bringing their total holdings to 440,623 shares valued at approximately $186.2 million. This move comes as Cummins reported strong quarterly earnings, beating analyst expectations, and announced a $2.00 quarterly dividend. Despite positive analyst sentiment with a “Moderate Buy” consensus, the company faces potential headwinds from insider selling and possible shareholder activism.