Cummins Inc. (NYSE:CMI) Stock Position Lifted by Trust Co. of Vermont

Trust Co. of Vermont lifted its position in shares of Cummins Inc. (NYSE:CMI - Free Report) by 85.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,941 shares of the company's stock after buying an additional 5,042 shares during the quarter. Trust Co. of Vermont's holdings in Cummins were worth $3,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Premier Path Wealth Partners LLC raised its stake in Cummins by 5.8% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,368 shares of the company's stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Verity & Verity LLC lifted its stake in shares of Cummins by 1.6% in the 4th quarter. Verity & Verity LLC now owns 35,192 shares of the company's stock valued at $12,268,000 after purchasing an additional 552 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Cummins by 24.1% during the fourth quarter. Arkadios Wealth Advisors now owns 7,544 shares of the company's stock worth $2,630,000 after buying an additional 1,465 shares during the period. Brooklyn Investment Group raised its position in Cummins by 11.1% in the fourth quarter. Brooklyn Investment Group now owns 663 shares of the company's stock valued at $231,000 after purchasing an additional 66 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Cummins by 177.5% in the 4th quarter. Merit Financial Group LLC now owns 12,835 shares of the company's stock worth $4,474,000 after acquiring an additional 8,209 shares during the period. Hedge funds and other institutional investors own 83.46% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CMI. StockNews.com cut Cummins from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, January 14th. Citigroup dropped their price objective on shares of Cummins from $435.00 to $430.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on Cummins from $324.00 to $370.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Vertical Research downgraded Cummins from a "buy" rating to a "hold" rating and set a $350.00 price objective for the company. in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised Cummins from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $355.00 to $420.00 in a research report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $374.25.

Insider Buying and Selling

In other news, VP Sharon R. Barner sold 2,001 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $358.43, for a total transaction of $717,218.43. Following the sale, the vice president now owns 20,803 shares in the company, valued at $7,456,419.29. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 6,489 shares of company stock worth $2,357,531. Corporate insiders own 0.56% of the company's stock.

Cummins Price Performance

CMI traded down $0.35 during trading on Friday, reaching $365.98. The stock had a trading volume of 810,985 shares, compared to its average volume of 505,817. Cummins Inc. has a 1-year low of $226.52 and a 1-year high of $387.90. The firm has a market capitalization 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. The stock has a 50 day moving average of $363.33 and a two-hundred day moving average of $327.80. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43.

Cummins (NYSE:CMI - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $5.86 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $4.73 earnings per share. Cummins's revenue was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that Cummins Inc. will post 20.75 EPS for the current fiscal year.

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.