Insider Analysis: Tony Satterthwaite Insider Transaction for 3,607 Shares of Cummins Inc. (NYSE:CMI)

November 30, 2016 - By Adrian Mccoy

Insider Analysis: Tony Satterthwaite Insider Transaction for 3,607 Shares of Cummins Inc. (NYSE:CMI)

Tony Satterthwaite Insider Sell

Tony Satterthwaite, President – Distribution of Cummins Inc, in an insider trade unloaded 3,607 shares whose worth is estimated to be $497,873 at average stock price of $138.0. Published November 30, 2016, you can read more about the trade by accessing the following original filing here. Tony Satterthwaite at present holds 0.02% of Cummins Inc’s stock market capitalization with ownership of 38,456 shares. 

Cummins Inc. (NYSE:CMI) Ratings Coverage

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 -22.06% below today’s ($141.61) stock price. Cummins has been the topic of 49 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, May 13, the company rating was maintained by Citigroup. The firm has “Hold” rating by BB&T Capital given on Monday, September 28. Buckingham Research downgraded the stock to “Neutral” rating in Wednesday, April 6 report. Macquarie Research maintained the shares of CMI in a report on Friday, February 5 with “Outperform” rating. The firm has “Market Perform” rating given on Tuesday, October 6 by BMO Capital Markets. The company was maintained on Thursday, December 17 by Deutsche Bank. The firm earned “Hold” rating on Wednesday, November 11 by Deutsche Bank. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, October 28. The rating was downgraded by Morgan Stanley to “Underweight” on Wednesday, October 28. Evercore downgraded the shares of CMI in a report on Tuesday, August 4 to “Hold” rating.

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.

California State Teachers Retirement Systems holds 344,062 shares or 0.08% of its portfolio. Capwealth Limited Liability has 776 shares for 0.02% of their US portfolio. Hodges Cap Mngmt Incorporated last reported 0.01% of its portfolio in the stock. Blair William Company Il has 6,696 shares for 0.01% of their US portfolio. Thompson Siegel Walmsley Limited Liability Corp last reported 2,525 shares in the company. The Kentucky-based Renaissance Ltd has invested 1.03% in Cummins Inc. (NYSE:CMI). Invest Advsr Ltd Liability Co reported 16,663 shares or 0.18% of all its holdings. Ngam Advisors L P holds 0.12% or 76,448 shares in its portfolio. Conning has 228,282 shares for 1.06% of their US portfolio. Reliance Trust Of Delaware has invested 0.03% of its portfolio in Cummins Inc. (NYSE:CMI). Whittier Trust holds 0% of its portfolio in Cummins Inc. (NYSE:CMI) for 892 shares. California Public Employees Retirement reported 496,769 shares or 0.09% of all its holdings. Sigma Planning accumulated 0.03% or 2,352 shares. Da Davidson & has 31,542 shares for 0.1% of their US portfolio. Daiwa Secs Grp Inc holds 0.03% or 39,200 shares in its portfolio.

Insider Transactions: Since July 26, 2016, the stock had 0 insider buys, and 13 sales for $5.87 million net activity. ROSE MARYA M had sold 5,450 shares worth $743,367 on Friday, November 11. Shares for $405,000 were sold by CHAPMAN STEVEN M on Wednesday, November 9. Ewald Thaddeus B sold $104,099 worth of stock or 820 shares. Another trade for 500 shares valued at $63,132 was made by HUNT MARSHA L on Monday, August 8. The insider Cook Jill E sold $718,916. Freeland Richard Joseph sold $312,500 worth of stock or 2,500 shares. On Friday, August 12 the insider Ward Pat sold $637,500.

About 1.07 million shares traded hands. Cummins Inc. (NYSE:CMI) has risen 18.42% since April 27, 2016 and is uptrending. It has outperformed by 13.19% the S&P500.

Cummins Inc. is a manufacturer of diesel engines. The company has a market cap of $23.81 billion. The Firm operates through four divisions: Engine, Distribution, Components and Power Generation. It has a 20.51 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 $334.59 million for 17.79 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 news for Cummins Inc. (NYSE:CMI) were recently published by: Foxbusiness.com, which released: “Fiat Chrysler, Cummins reject diesel cheating suit” on November 14, 2016. Nasdaq.com‘s article titled: “Cummins Inc. (CMI) Ex-Dividend Date Scheduled for November 17, 2016” and published on November 16, 2016 is yet another important article.

CMI Company Profile

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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