Lbp Am Sa Purchases 10,556 Shares of Cummins Inc. (NYSE:CMI)

Lbp Am Sa raised its position in shares of Cummins Inc. (NYSE:CMI) by 122.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,186 shares of the company’s stock after acquiring an additional 10,556 shares during the quarter. Lbp Am Sa’s holdings in Cummins were worth $6,688,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Integras Partners LLC bought a new stake in Cummins during the 4th quarter valued at approximately $2,839,000. Madison Investment Advisors LLC purchased a new position in shares of Cummins during the fourth quarter valued at approximately $10,828,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Cummins by 18.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,570 shares of the company’s stock valued at $4,382,000 after purchasing an additional 1,931 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Cummins by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 69,567 shares of the company’s stock valued at $24,251,000 after purchasing an additional 1,972 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of Cummins by 24.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,669 shares of the company’s stock valued at $1,279,000 after purchasing an additional 715 shares during the last quarter. 83.46% of the stock is owned by institutional investors.

Cummins Trading Up 3.0 %

NYSE:CMI opened at $322.24 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42. Cummins Inc. has a 12 month low of $261.51 and a 12 month high of $387.90. The company has a market cap of $44.30 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01. The company has a 50 day simple moving average of $359.39 and a two-hundred day simple moving average of $346.59.

Cummins (NYSE:CMI) last posted its 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 net margin of 11.57% and a return on equity of 27.12%. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the previous year, the firm posted $4.14 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. Research analysts forecast that Cummins Inc. will post 22.54 earnings per share for the current year.

Cummins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 21st were given a $1.82 dividend. This represents a $7.28 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, February 21st. Cummins’s dividend payout ratio (DPR) is presently 25.84%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMI. Citigroup lowered their target price on shares of Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Bank of America upgraded shares of Cummins from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $354.00 to $358.00 in a report on Tuesday, January 14th. Barclays lifted their target price on shares of Cummins from $310.00 to $381.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Evercore ISI lifted their target price on shares of Cummins from $408.00 to $451.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Robert W. Baird boosted their price objective on shares of Cummins from $395.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $386.67.

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.