Kintegral Advisory LLC Lowers Stock Holdings in Cummins Inc. (NYSE:CMI)

Kintegral Advisory LLC decreased its stake in Cummins Inc. (NYSE:CMIFree Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,741 shares of the company’s stock after selling 407 shares during the quarter. Kintegral Advisory LLC’s holdings in Cummins were worth $3,047,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMI. Global Trust Asset Management LLC lifted its position in shares of Cummins by 59.6% in the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 28 shares in the last quarter. Compass Financial Services Inc acquired a new position in Cummins in the 4th quarter valued at $27,000. Prospera Private Wealth LLC purchased a new position in Cummins in the 3rd quarter valued at $32,000. Kestra Investment Management LLC acquired a new stake in Cummins during the 4th quarter worth $43,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Cummins during the third quarter worth $55,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins Stock Down 4.6 %

Shares of NYSE CMI opened at $366.79 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $361.51 and its two-hundred day moving average is $341.71. Cummins Inc. has a 52-week low of $259.06 and a 52-week high of $387.90. The firm has a market cap of $50.43 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.20 and a beta of 1.00.

Cummins (NYSE:CMIGet Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.46. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.06 billion. Cummins had a return on equity of 27.12% and a net margin of 11.57%. Cummins’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 EPS. Research analysts predict that Cummins Inc. will post 22.57 EPS for the current year.

Cummins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 21st will be paid a dividend of $1.82 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $7.28 annualized dividend and a yield of 1.98%. Cummins’s payout ratio is 25.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMI. Barclays boosted their price target on shares of Cummins from $310.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Evercore ISI boosted their target price on Cummins from $408.00 to $451.00 and gave the stock an “outperform” rating in a report on Wednesday. Vertical Research cut Cummins from a “buy” rating to a “hold” rating and set a $350.00 price target for the company. in a report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded Cummins from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $420.00 in a research report on Monday, December 9th. Finally, StockNews.com cut Cummins from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $386.67.

Read Our Latest Report on Cummins

Cummins Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cummins (NYSE:CMI)

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