IHT Wealth Administration LLC grew its stake 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 & Change Fee. The institutional investor owned 4,495 shares of the corporate’s inventory after buying an extra 1,795 shares in the course of the interval. IHT Wealth Administration LLC’s holdings in Cummins had been price $915,000 as of its most up-to-date submitting with the Securities & Change Fee.
My #1 Lifetime Revenue Dividend Inventory. (From the Oxford Membership)
A number of different institutional traders and hedge funds additionally not too long ago modified their holdings of CMI. Worth T Rowe Associates Inc. MD grew its stake in shares of Cummins by 39.5% within the third quarter. MD Worth T Rowe Associates Inc. now owns 5,240,383 shares of the corporate’s inventory valued at $1,067,213,000 after shopping for an extra 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 shopping for an extra 666,567 shares within the final 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 shopping for an extra 501,499 shares within the final 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 price $2,235,000 after shopping for an extra 430,250 shares within the final quarter. Lastly, Vanguard Group Inc. grew its holdings in Cummins by 1.7% within the third quarter. Now Vanguard Group Inc. now owns 13,203,832 shares of the corporate’s inventory valued at $2,687,113,000 after shopping for an extra 226,774 shares within the final quarter. Hedge funds and different institutional traders personal 80.94% of the corporate’s shares.
Insider Shopping for and Promoting at Cummins
In different Cummins information, Director Georgia R. Nelson bought 1,933 shares of the corporate’s inventory in a transaction that occurred on Wednesday, February fifteenth. Shares had been bought 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 within the firm, valued at $5,471,156.88. The sale was disclosed in filings with the SEC, which might be accessed by means of the SEC’s web site. In different Cummins information, Director Georgia R. Nelson bought 1,933 shares of the corporate’s inventory in a transaction that occurred on Wednesday, February fifteenth. Shares had been bought 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 within the firm, valued at $5,471,156.88. The sale was disclosed in filings with the SEC, which might be accessed by means of the SEC’s web site. Additionally, Vice President Walter J. Fier bought 3,307 shares of the corporate’s inventory in a transaction on Wednesday, February twenty second. The shares had been bought at a mean worth of $252.99 for a complete worth of $836,637.93. Following the sale, the vp now immediately owns 8,090 shares within the firm, valued at roughly $2,046,689.10. Disclosures for this sale might be discovered right here. Insiders bought a complete of 16,709 shares of firm inventory valued at $4,245,545 during the last quarter. 1.00% of shares are owned by firm insiders.
Cummins Buying and selling fell 2.9%
CMI opened at $225.21 on Friday. Cummins Inc. has a 1 yr low of $184.27 and a 1 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 corporate’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 gearing ratio of 0.77, and a present ratio of 1.27.
Cummins (NYSE: CMI – Get Ranking ) final posted 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 web margin of seven.66%. The corporate had income of $7.77 billion for the quarter, in comparison with analysts’ expectations of $7.21 billion. For a similar interval of the earlier yr, the revenue per share was $2.85. The corporate’s quarterly income grew by 32.8% in comparison with the identical interval final yr. As a gaggle, equities analysis analysts count on that Cummins Inc. will put up 18.95 earnings per share 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 file on Friday, February twenty fourth got a $1.57 dividend. That is $6.28 in annualized dividends and a yield of two.79%. The ex-dividend date was Thursday, February twenty third. Cummins’ payout ratio is 41.56%.
Upgrading and downgrading of the analyst ranking
CMI has been the topic of a number of analyst reviews. Credit score Suisse Group raised their goal worth on Cummins from $287.00 to $291.00 and gave the inventory an “outperform” ranking 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” ranking in a report on Thursday, February sixteenth. StockNews.com began protection on Cummins in a report on Thursday. They set a “purchase” ranking on the inventory. Deutsche Financial institution Aktiengesellschaft reduce their worth goal on Cummins from $235.00 to $231.00 and set a “maintain” ranking on the inventory in a report on Tuesday, February seventh. Lastly, Morgan Stanley reduce their worth goal on Cummins from $264.00 to $262.00 and set an “equal weight” ranking on the inventory in a report on Friday, January twentieth. 5 analysts have rated the inventory with a maintain ranking and three have assigned a “purchase” ranking to the corporate’s inventory. The corporate has a mean ranking of “Maintain” and a mean goal worth of $254.75, in keeping with MarketBeat.
Cummins Firm Profile
(Get Ranking)
Cummins, Inc. designs, manufactures, and markets diesel and pure gasoline engines. It operates by means of the next segments: Engine, Distribution, Elements, Energy Methods and New Energy. The Engines phase manufactures and sells diesel and pure gasoline engines beneath the Cummins model for the heavy- and medium-duty truck, bus, leisure automobile, mild automobile, building, mining, marine, rail, and oil and gasoline industries. , protection and agricultural markets.
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