Bonnie Fetch Sells 652 Shares of Cummins (NYSE:CMI) Stock

Cummins Inc. (NYSE:CMI) EVP Bonnie Fetch sold 652 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $700.19, for a total transaction of $456,523.88. Following the sale, the executive vice president directly owned 11,679 shares of the company’s stock, valued at approximately $8,177,519.01. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cummins Trading Up 0.3%

Shares of CMI stock opened at $704.49 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. Cummins Inc. has a fifty-two week low of $307.90 and a fifty-two week high of $718.08. The firm’s 50 day moving average price is $593.30 and its two-hundred day moving average price is $549.49. The stock has a market cap of $97.21 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Cummins (NYSE:CMI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.52. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.96 earnings per share. On average, analysts anticipate that Cummins Inc. will post 28.39 EPS for the current year.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $8.00 annualized dividend and a yield of 1.1%. Cummins’s dividend payout ratio (DPR) is 41.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup increased their target price on Cummins from $710.00 to $770.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $700.00 price target on Cummins in a report on Wednesday, May 6th. Barclays increased their price objective on shares of Cummins from $610.00 to $760.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $565.00 target price on shares of Cummins and gave the company a “neutral” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Cummins presently has an average rating of “Moderate Buy” and a consensus price target of $677.87.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Cummins continues to benefit from its recent earnings beat, with quarterly EPS of $6.15 topping estimates and revenue coming in slightly above expectations, reinforcing confidence in the company’s operating momentum.
• Positive Sentiment: Several analysts have turned more bullish on CMI, including upgrades and higher price targets from firms such as Barclays and Citigroup, which can help support the stock as investors reassess valuation.
• Positive Sentiment: Recent commentary highlighted Cummins as a strong momentum stock and pointed to broader growth drivers, including exposure to power technology and related industrial demand. Article Title
• Neutral Sentiment: Separate articles compared Cummins’ year-to-date performance with other auto, tires and truck stocks; this is more of a relative-performance check than a new company-specific catalyst. Article Title
• Negative Sentiment: Recent insider selling by executives including VP Nathan Stoner, EVP Bonnie Fetch and VP Marvin Boakye may temper enthusiasm somewhat, since insider sales can sometimes signal limited near-term upside or simply portfolio diversification.

Institutional Investors Weigh In On Cummins

A number of hedge funds have recently bought and sold shares of the business. Thompson Investment Management Inc. acquired a new position in shares of Cummins in the 4th quarter valued at approximately $26,000. Activest Wealth Management grew its position in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Cummins by 1,500.0% in the first quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Wellington Shields Capital Management LLC bought a new stake in shares of Cummins in the fourth quarter worth $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Cummins in the third quarter valued at $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins Company Profile

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.