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Brady Martz Wealth Solutions LLC Makes New $372,000 Investment in Cummins Inc. (NYSE:CMI)

Cummins logo with Auto/Tires/Trucks background

Brady Martz Wealth Solutions LLC purchased a new stake in shares of Cummins Inc. (NYSE:CMI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,022 shares of the company's stock, valued at approximately $372,000.

A number of other large investors have also recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new stake in Cummins during the third quarter worth approximately $32,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Cummins during the 3rd quarter worth approximately $34,000. Friedenthal Financial acquired a new stake in shares of Cummins during the 4th quarter worth approximately $55,000. Ashton Thomas Securities LLC bought a new stake in shares of Cummins in the 3rd quarter valued at $55,000. Finally, Bangor Savings Bank lifted its position in shares of Cummins by 24.6% during the 4th quarter. Bangor Savings Bank now owns 177 shares of the company's stock valued at $62,000 after acquiring an additional 35 shares during the period. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Sharon R. Barner sold 162 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $357.04, for a total transaction of $57,840.48. Following the completion of the transaction, the vice president now owns 20,803 shares in the company, valued at approximately $7,427,503.12. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 6,489 shares of company stock worth $2,357,531. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMI shares. Truist Financial raised their price target on shares of Cummins from $424.00 to $425.00 and gave the stock a "hold" rating in a report on Thursday. The Goldman Sachs Group boosted their target price on Cummins from $324.00 to $370.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded Cummins from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $355.00 to $420.00 in a report on Monday, December 9th. Evercore ISI raised Cummins from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $294.00 to $408.00 in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group increased their target price on Cummins from $410.00 to $435.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Cummins currently has a consensus rating of "Hold" and a consensus price target of $374.25.

Read Our Latest Report on CMI

Cummins Stock Down 0.1 %

Shares of CMI stock traded down $0.35 on Monday, hitting $365.98. The stock had a trading volume of 810,985 shares, compared to its average volume of 505,817. 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 50 day moving average of $363.33 and a 200 day moving average of $328.19. Cummins Inc. has a 12-month low of $226.52 and a 12-month high of $387.90. The stock has a market cap of $50.21 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

Cummins (NYSE:CMI - Get Free Report) last posted 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. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the business posted $4.73 EPS. The company's revenue for the quarter 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 year.

Cummins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cummins (NYSE:CMI)

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