ST Germain D J Co. Inc. Has $18.87 Million Holdings in Cummins Inc. (NYSE:CMI)

ST Germain D J Co. Inc. decreased its position in shares of Cummins Inc. (NYSE:CMI) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,123 shares of the company’s stock after selling 2,601 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Cummins were worth $18,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMI. Prospera Private Wealth LLC bought a new stake in Cummins during the 3rd quarter valued at $32,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Cummins during the third quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Cummins during the third quarter worth about $55,000. Bangor Savings Bank raised its holdings in shares of Cummins by 24.6% in the 4th quarter. Bangor Savings Bank now owns 177 shares of the company’s stock worth $62,000 after acquiring an additional 35 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Cummins in the 2nd quarter valued at about $67,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price target on Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Citigroup lifted their price objective on shares of Cummins from $415.00 to $435.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Cummins from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, 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 report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $363.50.

Cummins Stock Performance

Shares of CMI traded down $4.26 during mid-day trading on Friday, hitting $355.49. The stock had a trading volume of 126,427 shares, compared to its average volume of 476,112. Cummins Inc. has a 52 week low of $226.52 and a 52 week high of $387.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. The business has a fifty day moving average price of $361.38 and a 200-day moving average price of $323.95. The firm has a market cap of $48.77 billion, a P/E ratio of 23.48, a PEG ratio of 1.80 and a beta of 1.01.

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

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 22nd were paid a $1.82 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $7.28 dividend on an annualized basis and a yield of 2.05%. Cummins’s dividend payout ratio is 48.08%.

Insider Buying and Selling at Cummins

In other news, VP Sharon R. Barner sold 2,001 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $358.43, for a total value of $717,218.43. Following the completion of the transaction, the vice president now directly owns 20,803 shares in the company, valued at approximately $7,456,419.29. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,489 shares of company stock valued at $2,357,531 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

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.