Cummins Inc. $CMI is Pring Turner Capital Group Inc.’s 4th Largest Position

Pring Turner Capital Group Inc. trimmed its holdings in Cummins Inc. (NYSE:CMI) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,013 shares of the company’s stock after selling 1,061 shares during the quarter. Cummins accounts for approximately 4.1% of Pring Turner Capital Group Inc.’s investment portfolio, making the stock its 4th biggest holding. Pring Turner Capital Group Inc.’s holdings in Cummins were worth $6,763,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CMI. Wealthcare Advisory Partners LLC boosted its holdings in Cummins by 0.9% during the third quarter. Wealthcare Advisory Partners LLC now owns 4,012 shares of the company’s stock worth $1,695,000 after buying an additional 34 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Cummins by 4.6% during the third quarter. Rothschild Investment LLC now owns 12,168 shares of the company’s stock worth $5,139,000 after buying an additional 537 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in Cummins by 21.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 1,264 shares of the company’s stock valued at $534,000 after acquiring an additional 222 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings in shares of Cummins by 64.0% in the third quarter. Zions Bancorporation National Association UT now owns 464 shares of the company’s stock valued at $196,000 after purchasing an additional 181 shares during the last quarter. Finally, Providence Financial Advisors LLC purchased a new position in shares of Cummins during the 3rd quarter worth $316,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group set a $565.00 price target on shares of Cummins and gave the company a “neutral” rating in a research note on Friday, February 6th. Robert W. Baird set a $580.00 target price on Cummins in a research note on Friday, February 6th. Argus set a $696.00 target price on Cummins in a research report on Tuesday, February 10th. Zacks Research cut Cummins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Wolfe Research downgraded Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 price objective for the company. in a research report on Monday, January 26th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $588.93.

Cummins Trading Up 2.0%

Shares of NYSE CMI opened at $600.30 on Tuesday. Cummins Inc. has a twelve month low of $260.02 and a twelve month high of $617.98. 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 fifty day simple moving average of $551.85 and a 200-day simple moving average of $472.35. The stock has a market capitalization of $82.94 billion, a PE ratio of 29.25, a PEG ratio of 1.90 and a beta of 1.13.

Cummins (NYSE:CMI) last posted its earnings results on Thursday, February 5th. The company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.64. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.09 billion. Cummins had a return on equity of 25.71% and a net margin of 8.44%.Cummins’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. On average, equities analysts forecast that Cummins Inc. will post 22.54 earnings per share for the current year.

Cummins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Friday, February 20th will be paid a $2.00 dividend. The ex-dividend date is Friday, February 20th. This represents a $8.00 annualized dividend and a dividend yield of 1.3%. Cummins’s payout ratio is 38.99%.

Insider Buying and Selling at Cummins

In other Cummins news, Director William I. Miller sold 18,107 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $597.10, for a total transaction of $10,811,689.70. Following the sale, the director owned 34,243 shares in the company, valued at $20,446,495.30. This represents a 34.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brett Michael Merritt sold 1,450 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the sale, the insider directly owned 9,271 shares in the company, valued at approximately $4,536,485.72. This trade represents a 13.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.41% of the company’s stock.

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.