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

Finest 11 Shares to Purchase Now (Together with Our #1 Inventory) (From Investorplace Media)

A number of different institutional buyers and hedge funds have additionally not too long ago modified their holdings of CMI. Value T Rowe Associates Inc. MD boosted its stake in shares of Cummins by 39.5% within the third quarter. Value 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 boosted 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 buying a further 666,567 shares over the past quarter. Neuberger Berman Group LLC boosted 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 past quarter. Castleview Companions LLC boosted 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 shopping for a further 430,250 shares over the past quarter. Lastly, Vanguard Group Inc. elevated 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 buying a further 226,774 shares over the past quarter. Hedge funds and different institutional buyers personal 80.94% of the corporate’s shares.

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 mean worth of $251.64, for a complete worth of $486,420.12. Following the sale, the director now owns 21,742 shares of the corporate’s inventory, valued at $5,471,156.88. The sale was disclosed in a submitting with the SEC, which might be accessed by the SEC 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 mean worth of $251.64, for a complete worth of $486,420.12. Following the sale, the director now owns 21,742 shares of the corporate’s inventory, valued at $5,471,156.88. The sale was disclosed in a submitting with the SEC, which might be accessed by the SEC 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 mean worth of $252.99, for a complete worth of $836,637.93. Following the sale, the vice chairman now straight owns 8,090 shares within the firm, valued at roughly $2,046,689.10. The details about this sale might be discovered right here. Insiders have offered a complete of 16,709 shares of firm inventory valued at $4,245,545 during the last quarter. 1.00% of the shares are owned by firm insiders.

Cummins trades down 2.9%

CMI opened at $225.21 on Friday. Cummins Inc. has a one 12 months low of $184.27 and a one 12 months 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 corporate’s 50 day transferring common worth is $247.59 and its 200 day transferring common worth is $237.06. The corporate has a debt ratio of 0.45, a fast ratio of 0.77 and a present ratio of 1.27.

Cummins (NYSE:CMI – Get Ranking ) final launched its quarterly earnings information 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 agency had income of $7.77 billion for the quarter, in comparison with analysts’ expectations of $7.21 billion. In the identical interval final 12 months, the corporate had earnings of USD 2.85 per share. The corporate’s quarterly income elevated by 32.8% year-on-year. As a gaggle, equities analysts count on Cummins Inc. will put up 18.95 EPS for the present 12 months.

Cummins dividend announcement

The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, March ninth. Stockholders 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 quite a few analysis analyst experiences. Credit score Suisse Group boosted their worth 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 worth 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 on Cummins in a report on Thursday. They put a “purchase” score on the inventory. Deutsche Financial institution Aktiengesellschaft decreased their goal worth 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 worth 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. Primarily based on information from MarketBeat, the corporate has a mean score of “Maintain” and a mean worth goal of $254.75.

Cummins Firm Profile

(Get score)

Cummins, Inc. engages within the design, manufacture and advertising and marketing of diesel and pure fuel engines. It operates by the next segments: Engine, Distribution, Parts, Energy Programs and New Energy. The Engine phase manufactures and markets diesel and pure gas-powered engines below the Cummins model for the heavy- and medium-duty truck, bus, leisure car, gentle car, building, mining, marine, rail, oil and fuel, protection and agricultural markets.

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This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat to offer readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial workers previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

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