Dupree Financial Group LLC Buys 32 Shares of Cummins Inc. (NYSE:CMI)

Dupree Financial Group LLC boosted its position in shares of Cummins Inc. (NYSE:CMI) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,153 shares of the company’s stock after buying an additional 32 shares during the quarter. Cummins makes up approximately 1.9% of Dupree Financial Group LLC’s holdings, making the stock its 20th largest holding. Dupree Financial Group LLC’s holdings in Cummins were worth $4,237,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Global Trust Asset Management LLC increased 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 buying an additional 28 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Cummins in the third quarter worth about $32,000. Kathleen S. Wright Associates Inc. acquired a new position in Cummins during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Cummins in the 3rd quarter valued at $55,000. Finally, Friedenthal Financial acquired a new position in Cummins in the 4th quarter worth about $55,000. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup decreased their target price on Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI raised Cummins from an “in-line” rating to an “outperform” rating and increased their price target for the company from $294.00 to $408.00 in a research report on Wednesday, November 13th. Jefferies Financial Group increased their target price on shares of Cummins from $410.00 to $435.00 and gave the company a “buy” rating in a report on Friday, December 6th. Vertical Research downgraded shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 price objective for the company. in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Cummins from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Cummins presently has an average rating of “Moderate Buy” and a consensus price target of $374.25.

Insiders Place Their Bets

In other Cummins news, VP Sharon R. Barner sold 2,163 shares of Cummins stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $369.12, for a total value of $798,406.56. Following the completion of the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at $7,678,803.36. The trade was a 9.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 6,490 shares of company stock valued at $2,357,880. Insiders own 0.56% of the company’s stock.

Cummins Stock Down 2.3 %

Shares of CMI opened at $348.16 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. Cummins Inc. has a 1 year low of $236.00 and a 1 year high of $387.90. The business’s 50 day simple moving average is $362.75 and its 200-day simple moving average is $333.86. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Cummins (NYSE:CMI) last issued its earnings results on Tuesday, November 5th. The company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $0.97. The business had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.29 billion. Cummins had a return on equity of 26.86% and a net margin of 6.13%. Cummins’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $4.73 EPS. As a group, equities analysts expect that Cummins Inc. will post 20.62 earnings per share for the current fiscal year.

Cummins 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.