B.O.S.S. Retirement Advisors LLC Buys Shares of 1,558 Cummins Inc. $CMI

Key Points

• B.O.S.S. Retirement Advisors LLC bought a new stake of 1,558 shares of Cummins in Q4, valued at about $795,000, as institutional investors now own roughly 83.46% of the company.
• Cummins beat Q4 expectations with EPS $5.81 versus $5.17 and revenue of $8.54 billion versus $8.09 billion, and analysts forecast about 26.05 EPS for the current year.
• Insiders sold 31,195 shares worth approximately $18.4 million last quarter (including sales by two VPs), leaving insiders with just 0.30% ownership.

B.O.S.S. Retirement Advisors LLC bought a new stake in Cummins Inc. (NYSE:CMI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,558 shares of the company's stock, valued at approximately $795,000.

Other institutional investors have also recently bought and sold shares of the company. Mcdonald Partners LLC raised its stake in shares of Cummins by 13.6% during the 4th quarter. Mcdonald Partners LLC now owns 4,269 shares of the company's stock worth $2,179,000 after purchasing an additional 512 shares in the last quarter. Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies bought a new stake in shares of Cummins during the 4th quarter worth approximately $421,000. Pittenger & Anderson Inc. raised its stake in shares of Cummins by 170.7% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,156 shares of the company's stock worth $590,000 after purchasing an additional 729 shares in the last quarter. Strs Ohio raised its stake in shares of Cummins by 4.2% during the 4th quarter. Strs Ohio now owns 59,297 shares of the company's stock worth $30,268,000 after purchasing an additional 2,406 shares in the last quarter. Finally, SevenBridge Financial Group LLC raised its stake in shares of Cummins by 6.0% during the 4th quarter. SevenBridge Financial Group LLC now owns 11,765 shares of the company's stock worth $6,005,000 after purchasing an additional 663 shares in the last quarter. Institutional investors own 83.46% of the company's stock.

Cummins Stock Down 0.0%

CMI opened at $657.42 on Monday. Cummins Inc. has a 1-year low of $290.73 and a 1-year high of $674.75. The stock's fifty day simple moving average is $581.03 and its 200 day simple moving average is $537.79. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. The stock has a market cap of $90.83 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27.

Cummins (NYSE:CMI - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $5.81 earnings per share for the quarter, beating analysts' consensus estimates of $5.17 by $0.64. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The business had revenue of $8.54 billion for the quarter, compared to analysts' expectations of $8.09 billion. During the same quarter in the prior year, the business earned $5.16 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts expect that Cummins Inc. will post 26.05 earnings per share for the current year.

Cummins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, February 20th. Cummins's dividend payout ratio is currently 38.99%.

Insider Transactions at Cummins

In other Cummins news, VP Earl Newsome sold 1,300 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $583.67, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Donald G. Jackson sold 1,600 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $600.13, for a total value of $960,208.00. Following the completion of the transaction, the vice president directly owned 7,214 shares in the company, valued at approximately $4,329,337.82. This represents a 18.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 31,195 shares of company stock worth $18,397,489. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CMI shares. Sanford C. Bernstein set a $600.00 price objective on Cummins and gave the stock a "market perform" rating in a research note on Friday, February 6th. UBS Group set a $565.00 price objective on Cummins and gave the stock a "neutral" rating in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on Cummins from $630.00 to $693.00 and gave the stock an "overweight" rating in a research note on Monday, April 13th. JPMorgan Chase & Co. increased their price target on Cummins from $485.00 to $580.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Finally, Argus set a $696.00 price target on Cummins in a research note on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cummins presently has a consensus rating of "Moderate Buy" and a consensus target price of $600.27.

Cummins Company 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.

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