Cummins Inc. (NYSE:CMI) Shares Bought by Atlas Brown Inc.

Atlas Brown Inc. boosted its position in shares of Cummins Inc. (NYSE:CMI - Free Report) by 147.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,208 shares of the company's stock after purchasing an additional 3,103 shares during the quarter. Atlas Brown Inc.'s holdings in Cummins were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in Cummins by 1,194.7% during the second quarter. Acadian Asset Management LLC now owns 6,098 shares of the company's stock valued at $1,688,000 after buying an additional 5,627 shares during the period. PFG Investments LLC raised its position in shares of Cummins by 10.0% in the 2nd quarter. PFG Investments LLC now owns 1,753 shares of the company's stock worth $485,000 after acquiring an additional 160 shares in the last quarter. Choreo LLC lifted its stake in shares of Cummins by 75.9% during the 2nd quarter. Choreo LLC now owns 6,660 shares of the company's stock worth $1,816,000 after purchasing an additional 2,873 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in Cummins by 7.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,287 shares of the company's stock valued at $356,000 after purchasing an additional 91 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Cummins by 27.0% in the second quarter. Daiwa Securities Group Inc. now owns 19,075 shares of the company's stock valued at $5,283,000 after purchasing an additional 4,053 shares during the last quarter. 83.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CMI. The Goldman Sachs Group increased their price target on shares of Cummins from $324.00 to $370.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Cummins from $330.00 to $372.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Citigroup increased their price objective on Cummins from $415.00 to $435.00 and gave the company a "buy" rating in a report on Monday, December 9th. Truist Financial lifted their target price on shares of Cummins from $369.00 to $424.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. upgraded shares of Cummins from an "underweight" rating to a "neutral" rating and upped their price target for the company from $355.00 to $420.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Cummins has a consensus rating of "Hold" and an average target price of $363.50.

Cummins Price Performance

Shares of Cummins stock traded down $4.44 during trading hours on Friday, reaching $355.31. The stock had a trading volume of 688,523 shares, compared to its average volume of 572,387. The stock's 50 day moving average is $361.92 and its 200 day moving average is $324.44. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cummins Inc. has a twelve month low of $226.52 and a twelve month high of $387.90. The firm has a market capitalization of $48.74 billion, a PE ratio of 23.47, a PEG ratio of 1.80 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 analysts' consensus estimates of $4.89 by $0.97. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The business had revenue of $8.46 billion during the quarter, compared to analysts' expectations of $8.29 billion. During the same period in the previous year, the business earned $4.73 earnings per share. The business's revenue was up .3% compared to the same quarter last year. Equities analysts expect that Cummins Inc. will post 20.75 earnings per share for the current fiscal year.

Cummins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were given a $1.82 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $7.28 annualized dividend and a dividend yield of 2.05%. Cummins's dividend payout ratio (DPR) is 48.08%.

Insider Transactions at Cummins

In related news, VP Sharon R. Barner sold 2,163 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $369.12, for a total transaction of $798,406.56. Following the transaction, the vice president now directly owns 20,803 shares in the company, valued at approximately $7,678,803.36. The trade was a 9.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 6,489 shares of company stock valued at $2,357,531 over the last 90 days. Corporate insiders own 0.56% of the company's stock.

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.