Cummins Inc. (NYSE:CMI) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its holdings in shares of Cummins Inc. (NYSE:CMI) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,232 shares of the company’s stock after selling 59 shares during the period. Mather Group LLC.’s holdings in Cummins were worth $1,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMI. Czech National Bank grew its position in shares of Cummins by 7.1% in the third quarter. Czech National Bank now owns 27,918 shares of the company’s stock valued at $9,040,000 after purchasing an additional 1,854 shares during the period. GAMMA Investing LLC boosted its holdings in Cummins by 37.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,372 shares of the company’s stock worth $768,000 after buying an additional 644 shares during the last quarter. SignalPoint Asset Management LLC purchased a new stake in Cummins during the 3rd quarter worth approximately $201,000. Atomi Financial Group Inc. raised its holdings in shares of Cummins by 9.1% during the third quarter. Atomi Financial Group Inc. now owns 1,338 shares of the company’s stock valued at $433,000 after acquiring an additional 112 shares during the last quarter. Finally, City Holding Co. lifted its position in shares of Cummins by 0.7% in the third quarter. City Holding Co. now owns 16,880 shares of the company’s stock valued at $5,465,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMI. Robert W. Baird increased their price objective on Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup reduced their target price on shares of Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Vertical Research lowered shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 price target on the stock. in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Cummins from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI upgraded Cummins from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $294.00 to $408.00 in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cummins currently has an average rating of “Moderate Buy” and a consensus target price of $374.25.

Insider Buying and Selling

In related news, VP Sharon R. Barner sold 162 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $357.04, for a total transaction of $57,840.48. Following the completion of the transaction, the vice president now directly owns 20,803 shares in the company, valued at $7,427,503.12. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 6,490 shares of company stock valued at $2,357,880. Company insiders own 0.56% of the company’s stock.

Cummins Price Performance

NYSE:CMI opened at $363.97 on Wednesday. The company has a market capitalization of $49.93 billion, a P/E 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 52 week low of $236.00 and a 52 week high of $387.90. The stock’s fifty day moving average is $362.21 and its two-hundred day moving average is $334.21.

Cummins (NYSE:CMI) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the prior year, the company posted $4.14 earnings per share. Cummins’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts expect that Cummins Inc. will post 20.62 EPS for the current year.

Cummins 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.