Windward Capital Management Co. CA Lowers Stock Holdings in Cummins Inc. (NYSE:CMI)

Windward Capital Management Co. CA cut its holdings in shares of Cummins Inc. (NYSE:CMI) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,062 shares of the company’s stock after selling 70 shares during the quarter. Cummins comprises approximately 1.5% of Windward Capital Management Co. CA’s portfolio, making the stock its 20th biggest holding. Windward Capital Management Co. CA’s holdings in Cummins were worth $19,543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Redwood Wealth Management Group LLC purchased a new position in shares of Cummins during the 4th quarter worth about $206,000. Patron Partners LLC raised its stake in Cummins by 5.4% during the fourth quarter. Patron Partners LLC now owns 2,260 shares of the company’s stock worth $788,000 after purchasing an additional 115 shares during the period. Columbus Macro LLC raised its stake in Cummins by 489.5% during the fourth quarter. Columbus Macro LLC now owns 16,412 shares of the company’s stock worth $5,721,000 after purchasing an additional 13,628 shares during the period. Dupree Financial Group LLC boosted its holdings in shares of Cummins by 0.3% in the 4th quarter. Dupree Financial Group LLC now owns 12,153 shares of the company’s stock valued at $4,237,000 after purchasing an additional 32 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Cummins by 4.8% during the 4th quarter. Boston Trust Walden Corp now owns 5,260 shares of the company’s stock valued at $1,834,000 after buying an additional 240 shares during the period. 83.46% of the stock is owned by institutional investors and hedge funds.

Cummins Stock Performance

NYSE:CMI opened at $363.97 on Wednesday. The firm has a 50-day moving average of $362.21 and a two-hundred day moving average of $334.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. The stock has a market cap of $49.93 billion, a P/E ratio of 24.04, a PEG ratio of 1.64 and a beta of 1.00. Cummins Inc. has a 1-year low of $236.00 and a 1-year high of $387.90.

Cummins (NYSE:CMI) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the business posted $4.14 earnings per share. Cummins’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts expect that Cummins Inc. will post 20.62 earnings per share for the current fiscal year.

Insider Transactions at Cummins

In other news, VP Sharon R. Barner sold 162 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $357.04, for a total transaction of $57,840.48. Following the transaction, the vice president now owns 20,803 shares of the company’s stock, valued at approximately $7,427,503.12. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 6,490 shares of company stock valued at $2,357,880. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CMI shares. The Goldman Sachs Group lifted their target price on Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. StockNews.com upgraded Cummins from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Vertical Research downgraded shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 target price for the company. in a research report on Wednesday, November 6th. Truist Financial boosted their price objective on shares of Cummins from $424.00 to $425.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Finally, Evercore ISI raised shares of Cummins from an “in-line” rating to an “outperform” rating and raised their target price for the company from $294.00 to $408.00 in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $374.25.

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.