Trilogy Capital Inc. Has $3.10 Million Stock Position in Cummins Inc. (NYSE:CMI)

Trilogy Capital Inc. reduced its holdings in shares of Cummins Inc. (NYSE:CMI) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,517 shares of the company’s stock after selling 252 shares during the quarter. Trilogy Capital Inc.’s holdings in Cummins were worth $3,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMI. First United Bank & Trust bought a new position in shares of Cummins in the fourth quarter valued at $25,000. Private Wealth Management Group LLC bought a new position in shares of Cummins in the fourth quarter valued at $26,000. Silver Oak Securities Incorporated bought a new position in shares of Cummins in the third quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Cummins in the fourth quarter valued at $31,000. Finally, Quarry LP grew its stake in shares of Cummins by 258.5% in the fourth quarter. Quarry LP now owns 147 shares of the company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. 83.46% of the stock is owned by institutional investors.

Insider Activity at Cummins

In related news, VP Jeffrey T. Wiltrout purchased 282 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average price of $285.11 per share, with a total value of $80,401.02. Following the completion of the purchase, the vice president now directly owns 1,262 shares in the company, valued at $359,808.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cummins news, VP Jeffrey T. Wiltrout bought 282 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $285.11 per share, for a total transaction of $80,401.02. Following the completion of the transaction, the vice president now directly owns 1,262 shares in the company, valued at approximately $359,808.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sharon R. Barner sold 3,880 shares of Cummins stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $286.86, for a total value of $1,113,016.80. Following the completion of the transaction, the vice president now owns 20,873 shares in the company, valued at approximately $5,987,628.78. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Cummins Stock Performance

Shares of CMI traded down $3.56 during midday trading on Friday, reaching $276.93. 1,643,842 shares of the stock were exchanged, compared to its average volume of 1,005,899. Cummins Inc. has a twelve month low of $212.80 and a twelve month high of $304.24. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $37.88 billion, a P/E ratio of 20.27, a PEG ratio of 1.73 and a beta of 1.02. The stock’s 50 day simple moving average is $282.30 and its 200 day simple moving average is $268.92.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $5.10 EPS for the quarter, missing analysts’ consensus estimates of $5.11 by ($0.01). The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.36 billion. Cummins had a net margin of 5.70% and a return on equity of 25.38%. On average, sell-side analysts expect that Cummins Inc. will post 18.84 earnings per share for the current year.

Cummins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 24th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 23rd. Cummins’s dividend payout ratio (DPR) is presently 49.19%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CMI shares. UBS Group raised shares of Cummins from a “neutral” rating to a “buy” rating and raised their target price for the company from $254.00 to $321.00 in a research note on Friday, March 15th. Raymond James assumed coverage on Cummins in a report on Friday. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their price target on Cummins from $245.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, March 25th. StockNews.com raised Cummins from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Truist Financial reaffirmed a “hold” rating and set a $319.00 price target on shares of Cummins in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cummins has a consensus rating of “Hold” and an average price target of $287.55.

Cummins Company 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.