Butensky & Cohen Financial Security Inc. Sells 1,149 Shares of Cummins Inc. (NYSE:CMI)

Butensky & Cohen Financial Security Inc. decreased its stake in shares of Cummins Inc. (NYSE:CMI) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,220 shares of the company’s stock after selling 1,149 shares during the period. Cummins comprises about 1.7% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 14th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Cummins were worth $5,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CMI. Relyea Zuckerberg Hanson LLC purchased a new position in Cummins during the 4th quarter worth $219,000. Avanza Fonder AB bought a new position in shares of Cummins during the fourth quarter valued at about $84,000. Occidental Asset Management LLC grew its position in Cummins by 5.0% in the 4th quarter. Occidental Asset Management LLC now owns 13,863 shares of the company’s stock worth $4,833,000 after purchasing an additional 654 shares in the last quarter. Cvfg LLC purchased a new stake in Cummins in the 4th quarter valued at about $479,000. Finally, Fermata Advisors LLC bought a new position in shares of Cummins during the 4th quarter worth approximately $466,000. Institutional investors own 83.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMI. Vertical Research downgraded Cummins from a “buy” rating to a “hold” rating and set a $350.00 price target for the company. in a research report on Wednesday, November 6th. Jefferies Financial Group raised their target price on Cummins from $410.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upgraded shares of Cummins from an “underweight” rating to a “neutral” rating and increased their price target for the company from $355.00 to $420.00 in a research report on Monday, December 9th. StockNews.com lowered shares of Cummins from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Cummins has an average rating of “Hold” and an average target price of $374.25.

Cummins Stock Performance

NYSE:CMI opened at $365.98 on Friday. The business’s fifty day moving average is $363.14 and its 200 day moving average is $326.73. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.32. Cummins Inc. has a 52-week low of $226.52 and a 52-week high of $387.90.

Cummins (NYSE:CMI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $4.89 by $0.97. The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $4.73 earnings per share. Research analysts predict that Cummins Inc. will post 20.75 EPS for the current year.

Insider Buying and Selling at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $357.04, for a total value of $57,840.48. Following the sale, the vice president now owns 20,803 shares of the company’s stock, valued at $7,427,503.12. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 6,489 shares of company stock valued at $2,357,531 in the last three months. Company insiders own 0.56% of the company’s stock.

About Cummins

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.