Kirr Marbach & Co. LLC IN Raises Position in Cummins Inc. (NYSE:CMI)

Kirr Marbach & Co. LLC IN lifted its position in Cummins Inc. (NYSE:CMI) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the company’s stock after acquiring an additional 441 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Cummins were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Twelve Points Wealth Management LLC increased its position in shares of Cummins by 3.3% in the 4th quarter. Twelve Points Wealth Management LLC now owns 3,270 shares of the company’s stock valued at $1,140,000 after acquiring an additional 104 shares during the period. Mayflower Financial Advisors LLC increased its position in shares of Cummins by 2.0% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,631 shares of the company’s stock valued at $568,000 after acquiring an additional 32 shares during the period. Orca Wealth Management LLC acquired a new position in shares of Cummins in the 4th quarter valued at $1,595,000. BSW Wealth Partners acquired a new position in shares of Cummins in the 4th quarter valued at $212,000. Finally, Perigon Wealth Management LLC increased its position in shares of Cummins by 566.6% in the 4th quarter. Perigon Wealth Management LLC now owns 6,546 shares of the company’s stock valued at $2,398,000 after acquiring an additional 5,564 shares during the period. 83.46% of the stock is owned by institutional investors and hedge funds.

Cummins Trading Up 0.5 %

Shares of Cummins stock opened at $350.59 on Wednesday. The firm has a market capitalization of $48.09 billion, a PE ratio of 23.16, a P/E/G ratio of 1.69 and a beta of 1.01. Cummins Inc. has a twelve month low of $236.00 and a twelve month high of $387.90. The firm’s 50-day moving average price is $363.62 and its 200 day moving average price is $332.09. 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 (NYSE:CMI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $0.97. The firm had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.29 billion. Cummins had a net margin of 6.13% and a return on equity of 26.86%. Cummins’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $4.73 EPS. On average, sell-side analysts predict that Cummins Inc. will post 21.92 EPS for the current fiscal year.

Insider Activity at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $357.04, for a total value of $57,840.48. Following the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at $7,427,503.12. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 6,489 shares of company stock valued at $2,357,531. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMI shares. Jefferies Financial Group upped their target price on Cummins from $410.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America raised Cummins from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $354.00 to $358.00 in a research report on Tuesday, January 14th. StockNews.com raised Cummins from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI raised Cummins from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $294.00 to $408.00 in a research report on Wednesday, November 13th. 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, Cummins currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.25.

Cummins Company 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.