Trilogy Capital Inc. Has $3.05 Million Stock Holdings in Cummins Inc. (NYSE:CMI)

Trilogy Capital Inc. trimmed its position in Cummins Inc. (NYSE:CMI - Free Report) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,752 shares of the company's stock after selling 1,354 shares during the period. Trilogy Capital Inc.'s holdings in Cummins were worth $3,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of Cummins by 2.1% in the third quarter. State Street Corp now owns 6,300,051 shares of the company's stock valued at $2,039,894,000 after buying an additional 126,703 shares during the period. Fisher Asset Management LLC lifted its position in Cummins by 5.8% in the 3rd quarter. Fisher Asset Management LLC now owns 3,005,570 shares of the company's stock valued at $973,174,000 after acquiring an additional 165,398 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Cummins by 31,489.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,531,869 shares of the company's stock worth $819,794,000 after purchasing an additional 2,523,854 shares during the period. FMR LLC increased its holdings in Cummins by 0.8% during the 3rd quarter. FMR LLC now owns 1,175,096 shares of the company's stock worth $380,484,000 after purchasing an additional 9,245 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Cummins by 38,765.8% in the third quarter. International Assets Investment Management LLC now owns 974,755 shares of the company's stock valued at $315,616,000 after purchasing an additional 972,247 shares in the last quarter. Institutional investors own 83.46% of the company's stock.

Insiders Place Their Bets

In other Cummins news, VP Sharon R. Barner sold 162 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $357.04, for a total transaction of $57,840.48. Following the transaction, the vice president now owns 20,803 shares in the company, valued at $7,427,503.12. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,490 shares of company stock worth $2,357,880 over the last three months. Insiders own 0.56% of the company's stock.

Cummins Stock Performance

Shares of NYSE CMI traded down $0.69 during midday trading on Thursday, hitting $369.22. 750,202 shares of the company's stock were exchanged, compared to its average volume of 854,878. Cummins Inc. has a 12 month low of $247.23 and a 12 month high of $387.90. The company's 50 day moving average price is $361.92 and its 200 day moving average price is $334.98. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $50.65 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Cummins (NYSE:CMI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.46. The company had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.06 billion. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The company's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.14 earnings per share. As a group, analysts predict that Cummins Inc. will post 20.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMI. JPMorgan Chase & Co. raised Cummins from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $355.00 to $420.00 in a research report on Monday, December 9th. Evercore ISI upgraded shares of Cummins from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $294.00 to $408.00 in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of Cummins from $324.00 to $370.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. 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. Finally, Robert W. Baird upped their target price on Cummins from $395.00 to $407.00 and gave the stock a "neutral" rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cummins presently has an average rating of "Moderate Buy" and a consensus price target of $383.08.

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.