Stonebridge Financial Group LLC MO Buys Shares of 1,139 Cummins Inc. $CMI

Stonebridge Financial Group LLC MO bought a new stake in shares of Cummins Inc. (NYSE:CMI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,139 shares of the company’s stock, valued at approximately $581,000.

Several other large investors also recently added to or reduced their stakes in CMI. Thompson Investment Management Inc. acquired a new stake in Cummins during the 4th quarter valued at $26,000. Activest Wealth Management raised its stake in Cummins by 537.5% during the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in Cummins during the 3rd quarter valued at $28,000. Ares Financial Consulting LLC acquired a new stake in Cummins during the 4th quarter valued at $29,000. Finally, Osterweis Capital Management Inc. acquired a new stake in Cummins during the 2nd quarter valued at $31,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Cummins Trading Up 0.3%

NYSE CMI opened at $704.49 on Wednesday. Cummins Inc. has a 1-year low of $307.90 and a 1-year high of $718.08. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $97.21 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm’s fifty day simple moving average is $593.30 and its 200-day simple moving average is $549.49.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share 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 business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same period in the prior year, the business posted $5.96 earnings per share. Cummins’s revenue for the quarter 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 fiscal year.

Cummins Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMI. Wall Street Zen downgraded shares of Cummins from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Raymond James Financial boosted their price target on shares of Cummins from $585.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, February 9th. UBS Group set a $565.00 price target on shares of Cummins and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $600.00 price target on shares of Cummins and gave the stock a “market perform” rating in a research note on Friday, February 6th. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $677.87.

Insider Activity

In other Cummins news, VP Earl Newsome sold 1,300 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $583.67, for a total transaction of $758,771.00. Following the transaction, the vice president directly owned 3,389 shares of the company’s stock, valued at $1,978,057.63. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Donald G. Jackson sold 1,600 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $600.13, for a total transaction of $960,208.00. Following the transaction, the vice president directly owned 7,214 shares in the company, valued at $4,329,337.82. The trade was a 18.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,667 shares of company stock valued at $10,465,811. Corporate insiders own 0.30% of the company’s stock.

Key Headlines Impacting Cummins

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.

About Cummins

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.