Caisse Des Depots ET Consignations Acquires Shares of 3,822 Cummins Inc. $CMI

Key Points

• Caisse Des Depots ET Consignations bought a new stake of 3,822 shares of Cummins in Q4, valued at about $1.95 million.
• Company insiders have been net sellers recently — two VPs sold multi‑thousand share blocks and insiders sold a total of 31,195 shares (≈$18.4 million) in the past 90 days, representing just 0.30% insider ownership.
• Cummins beat fourth‑quarter expectations with EPS $5.81 vs. $5.17 consensus and revenue of $8.54B, and it pays a quarterly dividend of $2.00 ($8.00 annual, ~1.2% yield).

Caisse Des Depots ET Consignations acquired a new stake in Cummins Inc. (NYSE:CMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,822 shares of the company's stock, valued at approximately $1,951,000.

Other institutional investors have also recently bought and sold shares of the company. Thompson Investment Management Inc. bought a new stake in shares of Cummins during the fourth quarter worth $26,000. Activest Wealth Management raised its position in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company's stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Cummins during the third quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in shares of Cummins during the fourth quarter worth $29,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cummins during the second quarter worth $31,000. Institutional investors own 83.46% of the company's stock.

Insiders Place Their Bets

In related news, VP Earl Newsome sold 1,300 shares of the company's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $583.67, for a total value of $758,771.00. Following the completion of the sale, the vice president owned 3,389 shares in the company, valued at approximately $1,978,057.63. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jennifer Mary Bush sold 4,270 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $584.93, for a total value of $2,497,651.10. Following the completion of the sale, the vice president owned 15,130 shares of the company's stock, valued at $8,849,990.90. This represents a 22.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,195 shares of company stock valued at $18,397,489 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Cummins Trading Down 2.0%

NYSE CMI opened at $657.42 on Friday. The stock has a 50-day simple moving average of $581.03 and a 200 day simple moving average of $536.06. The company has a market capitalization of $90.83 billion, a PE ratio of 32.04, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. Cummins Inc. has a 12 month low of $290.73 and a 12 month high of $674.75.

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

Cummins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors 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 was Friday, February 20th. Cummins's dividend payout ratio is currently 38.99%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMI. UBS Group set a $565.00 target price on Cummins and gave the stock a "neutral" rating in a research report on Friday, February 6th. Weiss Ratings restated a "buy (b)" rating on shares of Cummins in a research report on Friday, April 10th. Wells Fargo & Company boosted their target price on Cummins from $630.00 to $693.00 and gave the stock an "overweight" rating in a research report on Monday, April 13th. Sanford C. Bernstein set a $600.00 target price on Cummins and gave the stock a "market perform" rating in a research report on Friday, February 6th. Finally, Zacks Research downgraded Cummins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $600.27.

Cummins 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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