Aull & Monroe Investment Management Corp Decreases Holdings in Cummins Inc. (NYSE:CMI)

Aull & Monroe Investment Management Corp trimmed its holdings in shares of Cummins Inc. (NYSE:CMI) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,849 shares of the company’s stock after selling 405 shares during the period. Cummins accounts for about 2.1% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 14th biggest holding. Aull & Monroe Investment Management Corp’s holdings in Cummins were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC boosted its position in Cummins by 59.6% during the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 28 shares during the period. BankPlus Trust Department purchased a new position in Cummins in the 4th quarter valued at about $26,000. Compass Financial Services Inc purchased a new position in Cummins in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new position in Cummins in the 4th quarter valued at about $30,000. Finally, Prospera Private Wealth LLC purchased a new position in Cummins in the 3rd quarter valued at about $32,000. 83.46% of the stock is owned by hedge funds and other institutional investors.

Cummins Trading Down 0.1 %

Shares of NYSE:CMI opened at $347.00 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.31. The stock has a market capitalization of $47.71 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.19 and a beta of 1.00. Cummins Inc. has a 1-year low of $260.88 and a 1-year high of $387.90. The company has a 50 day moving average price of $362.15 and a 200 day moving average price of $345.63.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.46. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.06 billion. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.14 earnings per share. On average, research analysts anticipate that Cummins Inc. will post 22.54 EPS for the current fiscal year.

Cummins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 21st will be given a $1.82 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $7.28 annualized dividend and a yield of 2.10%. Cummins’s dividend payout ratio (DPR) is 25.84%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMI. JPMorgan Chase & Co. raised shares of Cummins from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $420.00 in a research report on Monday, December 9th. Vertical Research cut shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 price target on the stock. in a research report on Wednesday, November 6th. Evercore ISI increased their price target on shares of Cummins from $408.00 to $451.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price objective on shares of Cummins from $395.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price objective on shares of Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $386.67.

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.