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Cummins Inc. $CMI Shares Purchased by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in Cummins Inc. (NYSE:CMI) by 0.6% in the fourth quarter, now owning 12.86% of the company’s stock valued at over $9 billion. Several other institutional investors also adjusted their holdings, while company insiders recently sold shares totaling over $18 million. Cummins reported strong quarterly earnings and declared a $2.00 quarterly dividend despite some analyst downgrades.