Clarius Group LLC Has $336,000 Position in Cummins Inc. (NYSE:CMI)

Clarius Group LLC cut its holdings in Cummins Inc. (NYSE:CMI) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 965 shares of the company’s stock after selling 182 shares during the quarter. Clarius Group LLC’s holdings in Cummins were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. J2 Capital Management Inc bought a new position in shares of Cummins in the fourth quarter worth about $654,000. Aaron Wealth Advisors LLC increased its holdings in shares of Cummins by 25.8% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,326 shares of the company’s stock valued at $462,000 after purchasing an additional 272 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its position in Cummins by 5.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 1,106 shares of the company’s stock worth $403,000 after purchasing an additional 54 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Cummins by 9.0% during the 4th quarter. Financial Management Professionals Inc. now owns 1,766 shares of the company’s stock worth $616,000 after buying an additional 146 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in Cummins by 15.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,192 shares of the company’s stock valued at $1,113,000 after buying an additional 418 shares during the last quarter. 83.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMI. Robert W. Baird upped their price target on Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI raised shares of Cummins from an “in-line” rating to an “outperform” rating and raised their target price for the company from $294.00 to $408.00 in a research note on Wednesday, November 13th. Citigroup decreased their price objective on Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Cummins from an “underweight” rating to a “neutral” rating and upped their target price for the company from $355.00 to $420.00 in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their price objective on Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Cummins has a consensus rating of “Hold” and an average price target of $374.25.

Cummins Trading Down 0.1 %

NYSE:CMI opened at $365.98 on Monday. The company has a market cap of $50.21 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01. Cummins Inc. has a twelve month low of $226.52 and a twelve month high of $387.90. The business has a 50 day moving average price of $363.33 and a two-hundred day moving average price of $327.80. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43.

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

Insider Activity

In other Cummins news, VP Sharon R. Barner sold 162 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $357.04, for a total value of $57,840.48. Following the completion of the transaction, the vice president now directly owns 20,803 shares in the company, valued at $7,427,503.12. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,489 shares of company stock worth $2,357,531 in the last quarter. Corporate 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.