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Cummins Inc. $CMI Shares Bought by Smith Salley Wealth Management
Smith Salley Wealth Management significantly increased its stake in Cummins Inc., acquiring an additional 20,299 shares to own a total of 21,768 shares valued at $11.11 million. This increase follows Cummins’ strong Q4 earnings, which surpassed analyst expectations, and a recently announced quarterly dividend. Institutional investors hold a substantial portion of the company’s stock, and analysts maintain a “Moderate Buy” rating with an average price target of $598.47.