HHM Wealth Advisors LLC Increases Stake in Cummins Inc. (NYSE:CMI)

HHM Wealth Advisors LLC raised its holdings in Cummins Inc. (NYSE:CMI) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,495 shares of the company’s stock after acquiring an additional 104 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Cummins were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMI. Centaurus Financial Inc. increased its holdings in Cummins by 10.4% during the 2nd quarter. Centaurus Financial Inc. now owns 837 shares of the company’s stock worth $232,000 after purchasing an additional 79 shares during the period. Czech National Bank grew its position in shares of Cummins by 7.1% during the third quarter. Czech National Bank now owns 27,918 shares of the company’s stock worth $9,040,000 after buying an additional 1,854 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Cummins by 37.3% during the third quarter. GAMMA Investing LLC now owns 2,372 shares of the company’s stock worth $768,000 after buying an additional 644 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in Cummins by 1.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 9,513 shares of the company’s stock valued at $3,080,000 after acquiring an additional 170 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in Cummins by 36.4% in the third quarter. Diversified Trust Co now owns 12,858 shares of the company’s stock worth $4,163,000 after acquiring an additional 3,429 shares during the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMI. Evercore ISI raised shares of Cummins from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $294.00 to $408.00 in a research report on Wednesday, November 13th. Citigroup dropped their target price on Cummins from $435.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised Cummins from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $355.00 to $420.00 in a research report on Monday, December 9th. Vertical Research lowered Cummins from a “buy” rating to a “hold” rating and set a $350.00 target price on the stock. in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded Cummins from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $374.25.

Cummins Stock Performance

Shares of CMI opened at $356.25 on Monday. The company’s 50 day simple moving average is $362.75 and its 200-day simple moving average is $333.59. Cummins Inc. has a 12-month low of $236.00 and a 12-month high of $387.90. The firm has a market cap of $48.87 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01. 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 posted its quarterly earnings data 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 net margin of 6.13% and a return on equity of 26.86%. The company 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 business posted $4.73 earnings per share. Cummins’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that Cummins Inc. will post 20.62 EPS for the current year.

Insider Buying and Selling at Cummins

In other Cummins news, VP Sharon R. Barner sold 2,163 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $362.49, for a total value of $784,065.87. Following the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at approximately $7,540,879.47. The trade was a 9.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 6,490 shares of company stock valued at $2,357,880 in the last ninety days. Insiders own 0.56% of the company’s stock.

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.