Twelve Points Wealth Management LLC Has $1.14 Million Stock Holdings in Cummins Inc. (NYSE:CMI)

Twelve Points Wealth Management LLC increased its holdings in shares of Cummins Inc. (NYSE:CMI) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,270 shares of the company’s stock after buying an additional 104 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Cummins were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CMI. Global Trust Asset Management LLC boosted its stake in shares of Cummins by 59.6% during the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 28 shares during the period. Prospera Private Wealth LLC acquired a new stake in Cummins during the third quarter valued at $32,000. Kathleen S. Wright Associates Inc. acquired a new position in Cummins in the 3rd quarter worth about $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Cummins during the 3rd quarter worth about $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Cummins during the 4th quarter valued at about $55,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Sharon R. Barner sold 162 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $357.04, for a total value of $57,840.48. Following the completion of the sale, the vice president now owns 20,803 shares of the company’s stock, valued at approximately $7,427,503.12. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 6,489 shares of company stock worth $2,357,531 over the last three months. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMI shares. The Goldman Sachs Group upped their price objective on shares of Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. StockNews.com raised Cummins from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Citigroup reduced their target price on Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group increased their price target on Cummins from $410.00 to $435.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised shares of 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 report on Monday, December 9th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cummins presently has a consensus rating of “Moderate Buy” and an average price target of $374.25.

Cummins Stock Performance

CMI opened at $350.59 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.69 and a beta of 1.01. Cummins Inc. has a 12-month low of $236.00 and a 12-month high of $387.90. The business has a 50 day moving average of $363.62 and a 200-day moving average of $332.09.

Cummins (NYSE:CMI) last released its quarterly earnings data on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, beating the consensus estimate of $4.89 by $0.97. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.29 billion. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $4.73 earnings per share. On average, equities research analysts expect that Cummins Inc. will post 21.92 earnings per share for the current 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.