Bronfman E.L. Rothschild L.P. lifted its stake in shares of Cummins Inc. (NYSE:CMI) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,512 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Cummins were worth $202,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC boosted its stake in shares of Cummins by 0.9% during the 4th quarter. Plimoth Trust Co. LLC now owns 7,639 shares of the company’s stock worth $1,021,000 after acquiring an additional 70 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Cummins by 1.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 4,578 shares of the company’s stock worth $612,000 after acquiring an additional 75 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Cummins by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,086 shares of the company’s stock worth $680,000 after acquiring an additional 75 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Cummins by 0.7% during the 4th quarter. Unison Advisors LLC now owns 10,570 shares of the company’s stock worth $1,412,000 after acquiring an additional 77 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Cummins by 12.8% during the 4th quarter. Hudock Capital Group LLC now owns 698 shares of the company’s stock worth $92,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 76.89% of the company’s stock.

Shares of NYSE:CMI opened at $157.76 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.19. Cummins Inc. has a twelve month low of $124.40 and a twelve month high of $172.08. The company has a market cap of $26.53 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09.

Cummins (NYSE:CMI) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $3.48 EPS for the quarter, missing the Zacks’ consensus estimate of $3.81 by ($0.33). Cummins had a return on equity of 29.71% and a net margin of 9.01%. The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same quarter in the prior year, the business posted $3.03 EPS. Cummins’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Cummins Inc. will post 15.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 22nd were given a $1.14 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $4.56 dividend on an annualized basis and a dividend yield of 2.89%. Cummins’s dividend payout ratio is currently 34.47%.

In other Cummins news, insider Srikanth Padmanabhan sold 1,687 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $160.00, for a total value of $269,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Tracy A. Embree sold 206 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $150.00, for a total value of $30,900.00. Following the completion of the sale, the vice president now owns 4,221 shares of the company’s stock, valued at approximately $633,150. The disclosure for this sale can be found here. Insiders sold a total of 6,816 shares of company stock valued at $1,039,321 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

CMI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Cummins from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research note on Thursday, November 29th. Credit Suisse Group restated a “buy” rating and set a $168.00 target price on shares of Cummins in a research note on Tuesday, January 22nd. Royal Bank of Canada restated a “hold” rating and set a $155.00 target price on shares of Cummins in a research note on Monday, December 24th. Mizuho set a $155.00 target price on Cummins and gave the company a “hold” rating in a research note on Saturday, February 9th. Finally, ValuEngine upgraded Cummins from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $161.86.

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Cummins Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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.

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Institutional Ownership by Quarter for Cummins (NYSE:CMI)

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