Traders sold shares of Cummins Inc. (NYSE:CMI) on strength during trading hours on Friday. $34.17 million flowed into the stock on the tick-up and $115.77 million flowed out of the stock on the tick-down, for a money net flow of $81.60 million out of the stock. Of all companies tracked, Cummins had the 0th highest net out-flow for the day. Cummins traded up $0.28 for the day and closed at $184.18

CMI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Cummins from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $190.00 price objective (up from $186.00) on shares of Cummins in a report on Wednesday, November 1st. Citigroup upped their price objective on Cummins from $175.00 to $183.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Robert W. Baird reiterated a “sell” rating and issued a $153.00 price objective on shares of Cummins in a report on Thursday, October 12th. Finally, Royal Bank of Canada upped their price objective on Cummins from $169.00 to $173.00 and gave the company a “sector perform” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $178.69.

The company has a quick ratio of 1.03, a current ratio of 1.57 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $30,567.80, a P/E ratio of 18.70, a P/E/G ratio of 1.32 and a beta of 1.14.

Cummins (NYSE:CMI) last released its quarterly earnings results on Tuesday, October 31st. The company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.24. Cummins had a return on equity of 21.28% and a net margin of 8.49%. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $4.79 billion. During the same period in the prior year, the firm earned $2.02 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. analysts forecast that Cummins Inc. will post 10.2 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in Cummins during the third quarter worth $132,000. Captrust Financial Advisors acquired a new position in Cummins during the second quarter worth $137,000. Acrospire Investment Management LLC acquired a new position in Cummins during the second quarter worth $146,000. Bank of Nova Scotia Trust Co. acquired a new position in Cummins during the third quarter worth $168,000. Finally, Krilogy Financial LLC acquired a new position in Cummins during the third quarter worth $168,000. Institutional investors own 82.31% of the company’s stock.

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Cummins Company Profile

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.

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