November 28, 2016 - By Michael Collier
Marsha Hunt, the VP-Corp. Controller of Cummins Inc made deal for 400 shares with an average stock price value of $140.9 in the firm, that are with a total value of $56,370 USD. It seems she is very active lately as in the last 30 days, she silently sold additional 5,910 shares of the company, worth $757,067 USD. This trade, which was filled on 28-11-2016 was revealed in a Form 4 with the Washington-based Security and Exchange Commission. Marsha Hunt right now owns 0.00% of the Company’s total market capitalization with ownership of 2,844 shares.
Out of 22 analysts covering Cummins (NYSE:CMI), 5 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 23% are positive. $162 is the highest target while $79 is the lowest. The $110.37 average target is -20.21% below today’s ($138.32) stock price. Cummins has been the topic of 49 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, November 2, the company rating was maintained by Stifel Nicolaus. The firm earned “Neutral” rating on Monday, January 25 by Citigroup. UBS downgraded Cummins Inc. (NYSE:CMI) on Tuesday, October 20 to “Neutral” rating. The firm earned “Market Perform” rating on Friday, September 25 by William Blair. On Thursday, September 1 the stock rating was maintained by Jefferies with “Hold”. Macquarie Research maintained Cummins Inc. (NYSE:CMI) rating on Wednesday, October 28. Macquarie Research has “Outperform” rating and $118 price target. The rating was downgraded by Buckingham Research to “Neutral” on Wednesday, April 6. On Friday, May 13 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Friday, August 21 by Standpoint Research. Deutsche Bank maintained Cummins Inc. (NYSE:CMI) rating on Wednesday, October 12. Deutsche Bank has “Sell” rating and $112 price target.
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.12, from 0.95 in 2016Q1. The ratio increased, as 75 funds sold all Cummins Inc. shares owned while 250 reduced positions. 62 funds bought stakes while 246 increased positions. They now own 134.04 million shares or 12.52% less from 153.23 million shares in 2016Q1.
Brandywine Investment Mgmt Ltd holds 0.07% or 96,879 shares in its portfolio. Parametric Port Associates Limited Co last reported 0.07% of its portfolio in the stock. Aviance Mngmt Limited reported 10,383 shares or 0.04% of all its holdings. Tcw Group holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 12,725 shares. Diversified has invested 0.33% of its portfolio in Cummins Inc. (NYSE:CMI). Carroll Associate Inc holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 318 shares. Lord Abbett & Lc, a New Jersey-based fund reported 483,300 shares. Tci Wealth Advisors Inc holds 0.02% of its portfolio in Cummins Inc. (NYSE:CMI) for 264 shares. Moreover, Ibm Retirement Fund has 0.09% invested in Cummins Inc. (NYSE:CMI) for 20,825 shares. Federated Invsts Pa owns 69,828 shares or 0.02% of their US portfolio. Cim Invest Mangement holds 0.23% or 4,920 shares in its portfolio. Aberdeen Asset Mngmt Public Limited Company Uk owns 84,323 shares or 0.04% of their US portfolio. Moreover, Inv House Ltd Llc has 0.55% invested in Cummins Inc. (NYSE:CMI) for 30,754 shares. Neuberger Berman Gru Ltd Liability Corp accumulated 0% or 20,985 shares. Comerica Secs Inc accumulated 0.36% or 4,822 shares.
Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 12 sales for $5.81 million net activity. 2,500 Cummins Inc. (NYSE:CMI) shares with value of $337,500 were sold by Freeland Richard Joseph. 5,910 Cummins Inc. (NYSE:CMI) shares with value of $757,067 were sold by HUNT MARSHA L. 5,450 shares were sold by ROSE MARYA M, worth $743,367. Ewald Thaddeus B had sold 820 shares worth $104,099. 5,981 shares were sold by Cook Jill E, worth $718,916. 3,000 shares with value of $375,000 were sold by CHAPMAN STEVEN M on Friday, August 5. Ward Pat sold $612,500 worth of stock or 5,000 shares.
The stock decreased 2.07% or $2.93 during the last trading session, hitting $138.32. About 1.69M shares traded hands or 0.60% up from the average. Cummins Inc. (NYSE:CMI) has risen 22.96% since April 25, 2016 and is uptrending. It has outperformed by 16.94% the S&P500.
Cummins Inc. is a manufacturer of diesel engines. The company has a market cap of $23.36 billion. The Firm operates through four divisions: Engine, Distribution, Components and Power Generation. It has a 20.04 P/E ratio. The Company’s Engine segment makes and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle , light-duty automotive, agricultural and governmental equipment markets.
According to Zacks Investment Research, “Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.”
Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 2. They expect $1.99 earnings per share, down 4.78% or $0.10 from last year’s $2.09 per share. CMI’s profit will be $336.08M for 17.38 P/E if the $1.99 EPS becomes a reality. After $2.02 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -1.49% negative EPS growth.
More recent Cummins Inc. (NYSE:CMI) news were published by: Valuewalk.com which released: “New Stocks On Safest Dividend Yield Model Portfolio: November 2016” on November 28, 2016. Also Foxbusiness.com published the news titled: “Fiat Chrysler, Cummins reject diesel cheating suit” on November 14, 2016. Nasdaq.com‘s news article titled: “Cummins Inc. (CMI) Ex-Dividend Date Scheduled for November 17, 2016” with publication date: November 16, 2016 was also an interesting one.
Cummins Inc., incorporated on February 3, 1919, is a maker of diesel engines. The Firm designs, makes, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. The Firm operates through four divisions: Engine, Distribution, Components and Power Generation. The Firm sells its products to original equipment manufacturers (OEMs), distributors and other clients across the world. The Firm serves its clients through a network of approximately 600 Company-owned and independent distributor locations and approximately 7,200 dealer locations in over 190 countries and territories. It has presence in the United States, China, India, South Korea, Mexico and Sweden.
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