cummins inc (NYSE:CMI – Get Rating ) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $254.25.
A number of research analysts have issued reports on CMI shares. UBS Group upped their target price on Cummins from $247.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Morgan Stanley reduced their target price on Cummins from $264.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Friday, January 20th. StockNews.com began coverage on shares of Cummins in a research note on Thursday, March 16th. They set a “buy” rating on the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Cummins from $231.00 to $227.00 and set a “hold” rating on the stock in a research note on Wednesday, April 12th. Finally, Credit Suisse Group boosted their target price on shares of Cummins from $287.00 to $291.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th.
Privileged buying and selling
In other Cummins news, Director Georgia R. Nelson sold 1,933 shares of Cummins stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $251.64, for a total value of $486,420.12. Following the transaction, the director now owns 21,742 shares in the company, valued at $5,471,156.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other Cummins news, Director Georgia R. Nelson sold 1,933 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $251.64, for a total value of $486,420.12. Following the completion of the transaction, the director now owns 21,742 shares of the company’s stock, valued at $5,471,156.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Sharon R. Barner sold 5,929 shares of Cummins stock in a transaction on Friday, February 17th. The shares were sold at an average price of $257.13, for a total transaction of $1,524,523.77. Following the sale, the vice president now owns 16,144 shares of the company’s stock, valued at $4,151,106.72. Disclosure of this sale can be found here. Insiders sold 16,709 shares of company stock valued at $4,245,545 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.
Institutional inputs and outputs
Institutional investors have recently modified their holdings of the company. Windward Capital Management Co. CA raised its stake in shares of Cummins by 1.8% during the first quarter. Windward Capital Management Co. CA now owns 57,829 shares of the company’s stock valued at $13,814,000 after purchasing an additional 1,003 shares during the last quarter. TriaGen Wealth Management LLC purchased a new position in Cummins during the 1st quarter valued at approximately $3,010,000. DekaBank Deutsche Girozentrale boosted its holdings in Cummins by 13.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 295,352 shares of the company’s stock valued at $68,486,000 after buying an additional 34,580 shares during the period. NovaPoint Capital LLC boosted its position in shares of Cummins by 10.0% during the first quarter. NovaPoint Capital LLC now owns 10,533 shares of the company’s stock valued at $2,516,000 after buying an additional 957 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Cummins during the first quarter valued at approximately $213,000. Currently, 80.94% of the shares are owned by hedge funds and other institutional investors.
Cummins trade rises 0.9%
Cummins stock opened at $234.91 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.27, and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $238.94 and a two hundred day simple moving average of $240.63. The company has a market cap of $33.25 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.35 and a beta of 1.00. Cummins has a 52 week low of $184.27 and a 52 week high of $261.91.
Cummins (NYSE:CMI – Get Rating ) last released its quarterly earnings data on Monday, February 6th. The company reported $4.52 EPS for the quarter, meeting the consensus estimate of $4.52. Cummins had a net margin of 7.66% and a return on equity of 24.58%. The business had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the company posted earnings per share of $2.85. Cummins’s quarterly revenue was up 32.8% compared to the same quarter last year. analysts predict that Cummins will post 19.03 EPS for the current year.
Cummins Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 9th. Shareholders of record on Friday, February 24th were given a $1.57 dividend. The ex-dividend date was Thursday, February 23. This represents an annualized dividend of $6.28 and a dividend yield of 2.67%. Cummins’s dividend payout ratio is currently 41.56%.
About Cummins
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Cummins, Inc is engaged in the design, manufacture and marketing of diesel and natural gas engines. It operates through the following segments: engine, distribution, components, power systems and new power. The Engines segment manufactures and markets diesel and natural gas engines under the Cummins brand, for heavy- and medium-duty trucks, buses, recreational vehicles, light automotive, construction, mining, marine, rail, oil and gas. , defense and agricultural markets.
See also
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