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Stratos Wealth Partners LTD significantly increased its investment in Cummins Inc. (CMI) during the fourth quarter, raising its stake by 49.1%. According to recent filings, the firm now holds 5,864 shares of the engine manufacturer, with a total market value of approximately $2.99 million. This institutional accumulation follows a robust quarterly performance by Cummins, which surpassed both earnings and revenue expectations. The company also declared a quarterly dividend of $2.00 per share, reinforcing its commitment to shareholder returns. Analysts have maintained a 'Moderate Buy' rating on the stock, with several firms raising their price targets in response to the positive financial results. This move by Stratos Wealth Partners reflects growing confidence in Cummins' long-term growth trajectory and operational efficiency.
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