Cummins Inc. (NYSE:CMI) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp raised its position in Cummins Inc. (NYSE:CMI) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,260 shares of the company’s stock after buying an additional 240 shares during the quarter. Boston Trust Walden Corp’s holdings in Cummins were worth $1,834,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CMI. Global Trust Asset Management LLC increased its stake in shares of Cummins by 59.6% during the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 28 shares during the period. Prospera Private Wealth LLC acquired a new position in Cummins during the 3rd quarter worth approximately $32,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Cummins during the 3rd quarter worth approximately $34,000. Friedenthal Financial acquired a new stake in shares of Cummins in the 4th quarter valued at approximately $55,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Cummins in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CMI shares. The Goldman Sachs Group increased their price objective on Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded shares of Cummins from an “underweight” rating to a “neutral” rating and increased their price target for the company from $355.00 to $420.00 in a report on Monday, December 9th. Bank of America raised shares of Cummins from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $354.00 to $358.00 in a report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their price target on Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $374.25.

Cummins Trading Up 4.5 %

Shares of Cummins stock opened at $363.97 on Wednesday. The firm has a market cap of $49.93 billion, a PE ratio of 24.04, a P/E/G ratio of 1.64 and a beta of 1.00. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. Cummins Inc. has a fifty-two week low of $236.00 and a fifty-two week high of $387.90. The business’s fifty day moving average is $362.21 and its two-hundred day moving average is $334.21.

Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The company had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the company posted $4.14 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts anticipate that Cummins Inc. will post 20.62 earnings per share for the current year.

Insider Buying and Selling at Cummins

In related news, VP Sharon R. Barner sold 162 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $357.04, for a total value of $57,840.48. Following the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at approximately $7,427,503.12. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 6,490 shares of company stock worth $2,357,880 in the last quarter. 0.56% of the stock is owned by insiders.

About Cummins

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.