Bank of Montreal Can Reduces Stake in Cummins Inc.

Institutional investor decreases position in engine manufacturer by over 20%

Mar. 11, 2026 at 7:20am

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Bank of Montreal Can, a major institutional investor, decreased its stake in Cummins Inc. (NYSE:CMI) by 20.6% during the third quarter, according to a recent SEC filing. The firm previously owned 331,040 shares of the engine manufacturer's stock, valued at $139.8 million, but sold 85,927 shares during the period.

Why it matters

Cummins is a major global player in the diesel and natural gas engine market, so changes in institutional ownership of the stock can signal broader trends in the industry. The reduction in Bank of Montreal Can's position may indicate a shift in investor sentiment or portfolio rebalancing, which could impact the stock price and trading volume.

The details

According to the SEC filing, Bank of Montreal Can sold 85,927 shares of Cummins stock during the third quarter, reducing its total position to 331,040 shares. This represented a 20.6% decrease in the firm's ownership of the company. Cummins is a leading manufacturer of engines and related components for on-highway and off-highway applications, as well as power generation systems.

  • Bank of Montreal Can decreased its Cummins stake during the 3rd quarter of 2026.

The players

Bank of Montreal Can

A major Canadian financial institution and institutional investor.

Cummins Inc.

A global power technology company that designs, manufactures, and services diesel and natural gas engines, electrified powertrains, and related components.

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The takeaway

The reduction in Bank of Montreal Can's Cummins stake could signal broader shifts in investor sentiment around the engine manufacturer, though the reasons behind the portfolio change are not entirely clear. As a major player in the industry, Cummins' performance and ownership trends are closely watched by analysts and investors.