Fuller & Thaler Asset Management Inc. Has $2.03 Million Holdings in Cummins Inc. (NYSE:CMI)

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Cummins Inc. (NYSE:CMI - Free Report) by 50.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,834 shares of the company's stock after acquiring an additional 1,965 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Cummins were worth $2,034,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Global Trust Asset Management LLC boosted its position in Cummins by 59.6% during the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 28 shares during the period. BankPlus Trust Department acquired a new position in Cummins in the 4th quarter valued at about $26,000. Compass Financial Services Inc acquired a new stake in Cummins during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its holdings in shares of Cummins by 208.0% during the fourth quarter. Meeder Asset Management Inc. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 52 shares during the period. Finally, TCTC Holdings LLC acquired a new position in shares of Cummins in the fourth quarter valued at approximately $28,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Cummins Price Performance

Shares of CMI stock traded down $1.15 on Tuesday, hitting $293.07. 1,148,829 shares of the company's stock were exchanged, compared to its average volume of 808,577. The company has a 50 day moving average of $316.28 and a 200 day moving average of $343.60. The stock has a market cap of $40.37 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.80. Cummins Inc. has a 12 month low of $260.02 and a 12 month high of $387.90.

Cummins (NYSE:CMI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.46. The firm had revenue of $8.45 billion during the quarter, compared to analysts' expectations of $8.06 billion. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.14 earnings per share. On average, equities research analysts predict that Cummins Inc. will post 22.54 EPS for the current year.

Cummins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 21st were issued a dividend of $1.82 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $7.28 annualized dividend and a dividend yield of 2.48%. Cummins's dividend payout ratio (DPR) is presently 25.84%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI boosted their price target on Cummins from $408.00 to $451.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Bank of America upgraded shares of Cummins from an "underperform" rating to a "neutral" rating and upped their price target for the company from $354.00 to $358.00 in a research note on Tuesday, January 14th. Citigroup dropped their price objective on shares of Cummins from $360.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of Cummins from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, Barclays raised their target price on shares of Cummins from $310.00 to $381.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $346.00.

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.