Mutual Advisors LLC Sells 159 Shares of Cummins Inc. (NYSE:CMI)

Mutual Advisors LLC decreased its position in Cummins Inc. (NYSE:CMI) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,418 shares of the company’s stock after selling 159 shares during the quarter. Mutual Advisors LLC’s holdings in Cummins were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Global Trust Asset Management LLC lifted its position in Cummins by 59.6% in the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 28 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Cummins in the 3rd quarter worth approximately $32,000. Kathleen S. Wright Associates Inc. purchased a new position in Cummins in the 3rd quarter worth approximately $34,000. Friedenthal Financial purchased a new position in Cummins in the 4th quarter worth approximately $55,000. Finally, Ashton Thomas Securities LLC purchased a new position in Cummins in the 3rd quarter worth approximately $55,000. Institutional investors own 83.46% of the company’s stock.

Insider Activity at Cummins

In other Cummins news, VP Sharon R. Barner sold 2,001 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $358.43, for a total transaction of $717,218.43. Following the completion of the transaction, the vice president now owns 20,803 shares in the company, valued at $7,456,419.29. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 6,489 shares of company stock valued at $2,357,531. 0.56% of the stock is owned by company insiders.

Cummins Trading Down 0.4 %

Shares of NYSE:CMI opened at $367.45 on Monday. The company has a market cap of $50.41 billion, a P/E ratio of 24.27, a PEG ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. Cummins Inc. has a 1 year low of $236.00 and a 1 year high of $387.90. The stock’s fifty day moving average price is $363.94 and its 200-day moving average price is $331.20.

Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, topping the consensus estimate of $4.89 by $0.97. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the company earned $4.73 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts expect that Cummins Inc. will post 21.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMI shares. Robert W. Baird lifted their price target on Cummins from $330.00 to $372.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised Cummins from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $420.00 in a research note on Monday, December 9th. Bank of America raised Cummins from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $354.00 to $358.00 in a research note on Tuesday, January 14th. Citigroup decreased their price target on Cummins from $435.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial boosted their target price on Cummins from $424.00 to $425.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $374.25.

Cummins Company Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.