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IHT Wealth Administration LLC elevated its holdings in Cummins Inc. (NYSE:CMI – Get Ranking ) by 66.5% within the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 4,495 shares of the corporate’s inventory after shopping for a further 1,795 shares in the course of the interval. IHT Wealth Administration LLC’s holdings in Cummins have been value $915,000 as of its most up-to-date submitting with the Securities and Alternate Fee.

“Put together for 5 years of starvation” (From Legacy Analysis)

A number of different institutional buyers and hedge funds have additionally not too long ago modified their holdings of CMI. Worth T Rowe Associates Inc. MD raised its stake in shares of Cummins by 39.5% within the third quarter. Worth T Rowe Associates Inc. MD now owns 5,240,383 shares of the corporate’s inventory valued at $1,067,213,000 after shopping for a further 1,484,171 shares within the final quarter. First Belief Advisors LP raised its holdings in Cummins by 48.8% within the third quarter. First Belief Advisors LP now owns 2,033,702 shares of the corporate’s inventory valued at $413,878,000 after shopping for a further 666,567 shares over the last quarter. Neuberger Berman Group LLC raised its holdings in Cummins by 69.6% within the third quarter. Neuberger Berman Group LLC now owns 1,221,941 shares of the corporate’s inventory valued at $248,698,000 after buying a further 501,499 shares over the last quarter. Castleview Companions LLC raised its holdings in Cummins by 18,796.4% within the 2nd quarter. Castleview Companions LLC now owns 432,539 shares of the corporate’s inventory valued at $2,235,000 after buying a further 430,250 shares over the last quarter. Lastly, Vanguard Group Inc. raised its holdings in Cummins by 1.7% within the third quarter. Vanguard Group Inc. now owns 13,203,832 shares of the corporate’s inventory valued at $2,687,113,000 after shopping for a further 226,774 shares over the last quarter. Hedge funds and different institutional buyers personal 80.94% of the corporate’s inventory.

Insider Shopping for and Promoting at Cummins

In different Cummins information, Director Georgia R. Nelson offered 1,933 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, February fifteenth. The inventory was offered at a median value of $251.64, for a complete worth of $486,420.12. Following the sale, the director now owns 21,742 shares within the firm, valued at $5,471,156.88. The sale was disclosed in a submitting with the SEC, which is accessible by way of the SEC’s web site. In different Cummins information, Director Georgia R. Nelson offered 1,933 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, February fifteenth. The inventory was offered at a median value of $251.64, for a complete worth of $486,420.12. Following the sale, the director now owns 21,742 shares within the firm, valued at $5,471,156.88. The sale was disclosed in a submitting with the SEC, which is accessible by way of the SEC’s web site. Additionally, VP Walter J. Fier offered 3,307 shares of the corporate’s inventory in a transaction on Wednesday, February twenty second. The inventory was offered at a median value of $252.99, for a complete worth of $836,637.93. Following the sale, the vp now instantly owns 8,090 shares of the corporate’s inventory, valued at roughly $2,046,689.10. Disclosure for this sale will be discovered right here. Insiders offered a complete of 16,709 shares of firm inventory valued at $4,245,545 within the final quarter. 1.00% of the inventory is owned by members of the corporate.

Cummins trades down 2.9%

CMI opened at $225.21 on Friday. Cummins Inc. it has a one yr low of $184.27 and a one yr excessive of $261.91. The inventory has a market cap of $31.84 billion, a PE ratio of 14.90, a P/E/G ratio of 1.38 and a beta of 1.01. The agency’s 50-day transferring common is $247.59 and its 200-day transferring common is $237.06. The corporate has a debt-to-equity ratio of 0.45, a fast ratio of 0.77, and a present ratio of 1.27.

Cummins (NYSE:CMI – Get Ranking ) final posted its quarterly earnings knowledge on Monday, February sixth. The corporate reported $4.52 EPS for the quarter, assembly analysts’ consensus estimates of $4.52. Cummins had a return on fairness of 24.58% and a internet margin of seven.66%. The corporate had income of $7.77 billion for the quarter, in comparison with analysts’ expectations of $7.21 billion. Throughout the identical interval final yr, the corporate posted earnings of $2.85 per share. The corporate’s quarterly income was up 32.8% yr over yr. As a bunch, equities analysis analysts count on that Cummins Inc. will publish 18.95 EPS for the present yr.

Cummins dividend announcement

The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, March ninth. Shareholders of document on Friday, February twenty fourth got a $1.57 dividend. This represents an annualized dividend of $6.28 and a yield of two.79%. The ex-dividend date was Thursday, February twenty third. Cummins’ payout ratio is 41.56%.

Analyst upgrades and downgrades

CMI has been the topic of many analysis analysts. Credit score Suisse Group upped their value goal on Cummins from $287.00 to $291.00 and gave the inventory an “outperform” score in a report on Tuesday, February seventh. UBS Group boosted their goal value on Cummins from $247.00 to $260.00 and gave the inventory a “impartial” score in a report on Thursday, February sixteenth. StockNews.com assumed protection of Cummins in a report on Thursday. They set a “purchase” score on the inventory. Deutsche Financial institution Aktiengesellschaft decreased their goal value on Cummins from $235.00 to $231.00 and set a “maintain” score on the inventory in a report on Tuesday, February seventh. Lastly, Morgan Stanley decreased their goal value on Cummins from $264.00 to $262.00 and set an “equal weight” score on the inventory in a report on Friday, January twentieth. 5 analysts have rated the inventory with a maintain score and three have assigned a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate has a median score of “Maintain” and a median value goal of $254.75.

Cummins Firm Profile

(Get Ranking)

Cummins, Inc designs, manufactures and markets diesel and pure gasoline engines. It operates by way of the next divisions: Engine, Distribution, Parts, Energy Programs and New Energy. The Engine section manufactures and markets Cummins-branded diesel and pure gasoline engines for the heavy-duty and medium-duty truck, bus, leisure car, light-duty car, building, mining, marine, rail, oil and gasoline, protection, and agricultural markets.

Chosen articles

Wish to see what different hedge funds maintain CMI? Go to HoldingsChannel.com to get the most recent 13F filings and insider buying and selling data for Cummins Inc. (NYSE:CMI – Get Ranking).

This prompt information alert is powered by narrative science know-how and monetary knowledge from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Ship any questions or feedback about this story to contact@marketbeat.com.

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