4,414 Shares in Cummins Inc. (NYSE:CMI) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in shares of Cummins Inc. (NYSE:CMI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,414 shares of the company's stock, valued at approximately $1,057,000.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Cummins during the 3rd quarter valued at about $25,000. Silver Oak Securities Incorporated bought a new stake in Cummins during the third quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Cummins during the fourth quarter valued at approximately $31,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Cummins in the third quarter worth approximately $39,000. Finally, Peoples Bank KS purchased a new position in shares of Cummins during the 3rd quarter worth $43,000. 83.46% of the stock is currently owned by institutional investors.

Cummins Price Performance

Shares of CMI stock traded up $3.53 on Tuesday, reaching $287.12. The company's stock had a trading volume of 701,396 shares, compared to its average volume of 2,553,845. The stock's fifty day simple moving average is $286.11 and its 200-day simple moving average is $253.84. Cummins Inc. has a 1 year low of $203.18 and a 1 year high of $304.24. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57.

Cummins (NYSE:CMI - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $4.14 earnings per share for the quarter, missing analysts' consensus estimates of $4.41 by ($0.27). Cummins had a return on equity of 25.38% and a net margin of 5.70%. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same quarter last year, the firm earned $4.52 earnings per share. The business's quarterly revenue was up 9.9% on a year-over-year basis. Analysts forecast that Cummins Inc. will post 18.45 earnings per share for the current fiscal year.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. Cummins's dividend payout ratio (DPR) is presently 49.19%.

Insider Activity

In related news, SVP Tony Satterthwaite sold 37,450 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $265.05, for a total transaction of $9,926,122.50. Following the sale, the senior vice president now owns 73,741 shares in the company, valued at approximately $19,545,052.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Tony Satterthwaite sold 37,450 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $265.05, for a total transaction of $9,926,122.50. Following the transaction, the senior vice president now directly owns 73,741 shares in the company, valued at approximately $19,545,052.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel William Fisher acquired 562 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $266.57 per share, with a total value of $149,812.34. Following the purchase, the director now owns 1,068 shares of the company's stock, valued at $284,696.76. The disclosure for this purchase can be found here. Insiders sold 51,289 shares of company stock valued at $13,576,838 in the last ninety days. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

CMI has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Cummins in a report on Monday, January 8th. They set an "overweight" rating and a $278.00 price target on the stock. TD Cowen boosted their price objective on Cummins from $260.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. TheStreet lowered Cummins from an "a-" rating to a "c+" rating in a research note on Tuesday, February 6th. UBS Group raised Cummins from a "neutral" rating to a "buy" rating and lifted their target price for the company from $254.00 to $321.00 in a research note on Friday, March 15th. Finally, StockNews.com downgraded Cummins from a "buy" rating to a "hold" rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $282.55.

Cummins Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.