Advyzon Investment Management LLC Invests $232,000 in Cummins Inc. (NYSE:CMI)

Advyzon Investment Management LLC acquired a new stake in shares of Cummins Inc. (NYSE:CMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 666 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMI. Handelsbanken Fonder AB grew its position in shares of Cummins by 6.6% in the fourth quarter. Handelsbanken Fonder AB now owns 4,067 shares of the company’s stock valued at $1,418,000 after purchasing an additional 252 shares during the period. Ieq Capital LLC grew its holdings in Cummins by 37.4% in the 4th quarter. Ieq Capital LLC now owns 12,150 shares of the company’s stock valued at $4,235,000 after buying an additional 3,310 shares during the period. Vista Capital Partners Inc. acquired a new position in shares of Cummins during the 4th quarter valued at about $433,000. Global Retirement Partners LLC lifted its holdings in shares of Cummins by 81.5% during the 4th quarter. Global Retirement Partners LLC now owns 5,613 shares of the company’s stock worth $1,957,000 after acquiring an additional 2,520 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Cummins in the fourth quarter worth approximately $975,000. 83.46% of the stock is owned by hedge funds and other institutional investors.

Cummins Price Performance

CMI opened at $384.73 on Friday. The company has a market capitalization of $52.89 billion, a P/E ratio of 13.66, a PEG ratio of 2.16 and a beta of 1.00. The company has a 50-day moving average of $361.52 and a 200-day moving average of $341.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.31. Cummins Inc. has a 1-year low of $259.06 and a 1-year high of $387.90.

Cummins (NYSE:CMI) last posted its quarterly 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. Cummins had a return on equity of 27.12% and a net margin of 11.57%. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the firm earned $4.14 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts expect that Cummins Inc. will post 22.57 EPS for the current fiscal year.

Cummins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 21st will be paid a $1.82 dividend. The ex-dividend date is Friday, February 21st. This represents a $7.28 dividend on an annualized basis and a yield of 1.89%. Cummins’s payout ratio is currently 25.84%.

Analysts Set New Price Targets

Several brokerages recently commented on CMI. JPMorgan Chase & Co. raised shares of Cummins from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $355.00 to $420.00 in a research report on Monday, December 9th. Vertical Research downgraded Cummins from a “buy” rating to a “hold” rating and set a $350.00 price objective for the company. in a report on Wednesday, November 6th. The Goldman Sachs Group increased their target price on Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Bank of America upgraded Cummins from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $354.00 to $358.00 in a report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price objective on Cummins from $395.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $386.67.

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.