Robeco Institutional Asset Management B.V. Has $123.18 Million Stock Position in Cummins Inc. (NYSE:CMI)

Robeco Institutional Asset Management B.V. raised its position in Cummins Inc. (NYSE:CMI - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 353,341 shares of the company's stock after acquiring an additional 3,220 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.26% of Cummins worth $123,175,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC lifted 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. Chicago Capital LLC increased its holdings in Cummins by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 3,288 shares of the company's stock valued at $1,065,000 after buying an additional 30 shares during the period. Equitable Trust Co. raised its position in shares of Cummins by 3.6% in the 3rd quarter. Equitable Trust Co. now owns 920 shares of the company's stock valued at $298,000 after buying an additional 32 shares in the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of Cummins by 2.0% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,631 shares of the company's stock worth $568,000 after acquiring an additional 32 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in shares of Cummins by 1.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,876 shares of the company's stock worth $520,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMI. Bank of America raised Cummins from an "underperform" rating to a "neutral" rating and raised their target price for the company from $354.00 to $358.00 in a report on Tuesday, January 14th. Jefferies Financial Group raised their price objective on Cummins from $410.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their target price on Cummins from $324.00 to $370.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Evercore ISI raised 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. Finally, JPMorgan Chase & Co. raised shares of Cummins from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $355.00 to $420.00 in a report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $374.25.

Insiders Place Their Bets

In related news, VP Sharon R. Barner sold 2,163 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $369.12, for a total transaction of $798,406.56. Following the sale, the vice president now owns 20,803 shares in the company, valued at $7,678,803.36. This represents a 9.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 6,490 shares of company stock worth $2,357,880. 0.56% of the stock is currently owned by insiders.

Cummins Trading Up 1.2 %

Shares of NYSE:CMI traded up $4.04 during mid-day trading on Wednesday, reaching $354.31. 861,099 shares of the company's stock were exchanged, compared to its average volume of 758,515. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.32. Cummins Inc. has a twelve month low of $236.00 and a twelve month high of $387.90. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.69 and a beta of 1.01. The business's fifty day moving average price is $363.40 and its 200-day moving average price is $332.55.

Cummins (NYSE:CMI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the previous year, the company posted $4.73 EPS. The business's revenue was up .3% on a year-over-year basis. On average, research analysts predict that Cummins Inc. will post 21.92 EPS for the current fiscal year.

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.