Cummins Inc. $CMI Shares Sold by Grey Ledge Advisors LLC

Grey Ledge Advisors LLC cut its holdings in Cummins Inc. (NYSE:CMI) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,863 shares of the company’s stock after selling 923 shares during the quarter. Grey Ledge Advisors LLC’s holdings in Cummins were worth $4,014,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Atria Investments Inc grew its position in shares of Cummins by 25.9% in the fourth quarter. Atria Investments Inc now owns 16,481 shares of the company’s stock valued at $8,413,000 after purchasing an additional 3,390 shares during the last quarter. Navalign LLC acquired a new stake in shares of Cummins in the fourth quarter valued at approximately $77,000. Catalyst Financial Partners LLC grew its position in shares of Cummins by 11.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,478 shares of the company’s stock valued at $754,000 after purchasing an additional 151 shares during the last quarter. Moneco Advisors LLC grew its position in shares of Cummins by 1.2% in the fourth quarter. Moneco Advisors LLC now owns 1,881 shares of the company’s stock valued at $960,000 after purchasing an additional 22 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Cummins by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,856 shares of the company’s stock valued at $8,094,000 after purchasing an additional 170 shares during the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Cummins Stock Up 0.9%

Shares of NYSE CMI opened at $710.88 on Thursday. Cummins Inc. has a 1 year low of $307.90 and a 1 year high of $718.08. The firm’s 50 day moving average price is $595.91 and its 200 day moving average price is $551.55. The firm has a market cap of $98.09 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71.

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

Cummins Announces Dividend

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

Analyst Upgrades and Downgrades

CMI has been the topic of several research reports. Weiss Ratings lowered shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Cummins from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Argus set a $696.00 price target on shares of Cummins in a research report on Tuesday, February 10th. Evercore restated an “outperform” rating and set a $845.00 target price on shares of Cummins in a research report on Monday. Finally, Sanford C. Bernstein set a $600.00 target price on shares of Cummins and gave the stock a “market perform” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Cummins presently has a consensus rating of “Moderate Buy” and a consensus price target of $677.87.

Insider Activity at Cummins

In other Cummins news, VP Donald G. Jackson sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $600.13, for a total transaction of $960,208.00. Following the transaction, the vice president owned 7,214 shares of the company’s stock, valued at $4,329,337.82. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Amy Rochelle Davis sold 4,054 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $561.34, for a total transaction of $2,275,672.36. Following the transaction, the vice president directly owned 15,807 shares in the company, valued at approximately $8,873,101.38. This represents a 20.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,667 shares of company stock valued at $13,946,861 over the last 90 days. 0.30% of the stock is currently owned by insiders.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Cummins’ latest quarterly results beat expectations, with EPS of $6.15 topping estimates and revenue of $8.40 billion slightly ahead of forecasts, reinforcing confidence in business momentum.
• Positive Sentiment: Analysts have turned more bullish, including Citigroup raising its price target to $770, Barclays lifting its target to $760, Evercore reiterating an outperform rating with an $845 target, and Zacks upgrading the stock to strong-buy.
• Positive Sentiment: The company declared a quarterly dividend of $2.00 per share, signaling continued capital returns to shareholders and supporting the stock’s income appeal.
• Neutral Sentiment: Recent coverage highlighted Cummins’ relative performance versus other auto, tires and truck names, but this is more of a comparison piece than a fresh catalyst. Article Title
• Negative Sentiment: Multiple insiders sold shares over the past few days, including VP Jennifer Mary Bush, VP Nathan Stoner, and insider Brett Michael Merritt, which may slightly temper enthusiasm despite the company’s strong operating results.

Cummins 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.