Cummins Inc. $CMI Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC boosted its stake by 32.1% in Cummins during Q4, ending the period with 10,906 shares worth about $5.57 million.
• Analyst sentiment is generally positive — Cummins has a consensus rating of "Moderate Buy" with an average price target of $588.93, and several firms raised targets (e.g., Barclays to $610, Morgan Stanley to $675) while a few cut ratings to Hold.
• Cummins beat Q4 estimates with $5.81 EPS on $8.54 billion revenue, recently paid a $2.00 quarterly dividend (1.3% yield), and insiders sold roughly 31,195 shares (~$18.4 million) over the last three months.

U.S. Capital Wealth Advisors LLC boosted its stake in Cummins Inc. (NYSE:CMI - Free Report) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,906 shares of the company's stock after acquiring an additional 2,652 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Cummins were worth $5,567,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Founders Capital Management LLC lifted its position in Cummins by 5.1% in the fourth quarter. Founders Capital Management LLC now owns 519 shares of the company's stock valued at $265,000 after purchasing an additional 25 shares during the period. Palouse Capital Management Inc. purchased a new position in Cummins in the fourth quarter valued at about $33,000. Brown Lisle Cummings Inc. increased its holdings in Cummins by 20.7% in the fourth quarter. Brown Lisle Cummings Inc. now owns 10,274 shares of the company's stock valued at $5,244,000 after buying an additional 1,762 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Cummins by 6.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 307,416 shares of the company's stock valued at $156,920,000 after buying an additional 17,304 shares in the last quarter. Finally, KG&L Capital Management LLC increased its holdings in Cummins by 6.2% in the fourth quarter. KG&L Capital Management LLC now owns 4,784 shares of the company's stock valued at $2,414,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMI shares. Barclays increased their target price on shares of Cummins from $546.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $675.00 target price on shares of Cummins in a report on Friday, February 6th. Zacks Research cut shares of Cummins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 28th. Wall Street Zen cut shares of Cummins from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cummins from $485.00 to $580.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $588.93.

Cummins Trading Down 0.1%

Shares of CMI opened at $615.80 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $568.28 and a 200-day simple moving average of $516.84. Cummins Inc. has a 1-year low of $269.24 and a 1-year high of $620.78. The stock has a market cap of $85.08 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14.

Cummins (NYSE:CMI - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $5.17 by $0.64. Cummins had a net margin of 8.44% and a return on equity of 25.71%. The business had revenue of $8.54 billion during the quarter, compared to analysts' expectations of $8.09 billion. During the same period last year, the company posted $5.16 EPS. The company's revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that Cummins Inc. will post 22.54 EPS for the current fiscal year.

Cummins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 20th. Cummins's payout ratio is presently 38.99%.

Insider Transactions at Cummins

In other Cummins news, Director William I. Miller sold 18,107 shares of Cummins stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total value of $10,811,689.70. Following the completion of the sale, the director directly owned 34,243 shares of the company's stock, valued at approximately $20,446,495.30. The trade was a 34.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Mary Bush sold 4,270 shares of Cummins stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $584.93, for a total transaction of $2,497,651.10. Following the completion of the sale, the vice president directly owned 15,130 shares of the company's stock, valued at $8,849,990.90. The trade was a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,195 shares of company stock worth $18,397,489 in the last three months. 0.30% of the stock is currently owned by company insiders.

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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