BSW Wealth Partners Purchases Shares of 607 Cummins Inc. (NYSE:CMI)

BSW Wealth Partners acquired a new position in shares of Cummins Inc. (NYSE:CMI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 607 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also modified their holdings of the company. Global Trust Asset Management LLC boosted its stake in 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. Prospera Private Wealth LLC acquired a new stake in shares of Cummins in the 3rd quarter valued at about $32,000. Kathleen S. Wright Associates Inc. purchased a new position in Cummins during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new position in Cummins during the third quarter worth approximately $55,000. Finally, Friedenthal Financial purchased a new stake in Cummins in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Insider Buying and Selling

In other news, VP Sharon R. Barner sold 162 shares of Cummins stock in a transaction on Friday, November 8th. The stock was sold at an average price of $357.04, for a total transaction of $57,840.48. Following the completion of the transaction, the vice president now owns 20,803 shares of the company’s stock, valued at $7,427,503.12. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 6,490 shares of company stock valued at $2,357,880. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CMI. Truist Financial lifted their target price on shares of Cummins from $424.00 to $425.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Jefferies Financial Group upped their target price on shares of Cummins from $410.00 to $435.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup lowered their price target on Cummins from $435.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird upped their price objective on Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upgraded Cummins from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $420.00 in a research note on Monday, December 9th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cummins has an average rating of “Moderate Buy” and a consensus target price of $374.25.

Cummins Price Performance

Shares of NYSE CMI opened at $354.31 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.32. Cummins Inc. has a one year low of $236.00 and a one year high of $387.90. The firm has a market capitalization of $48.60 billion, a P/E ratio of 23.40, a PEG ratio of 1.69 and a beta of 1.01. The company’s fifty day moving average is $363.40 and its two-hundred day moving average is $332.55.

Cummins (NYSE:CMI) last released its quarterly earnings data on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, topping 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 firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the firm earned $4.73 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Analysts forecast that Cummins Inc. will post 21.92 EPS for the current fiscal year.

Cummins 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.