Investors purchased shares of Cummins Inc. (NYSE:CMI) on weakness during trading on Monday. $91.24 million flowed into the stock on the tick-up and $24.39 million flowed out of the stock on the tick-down, for a money net flow of $66.85 million into the stock. Of all stocks tracked, Cummins had the 9th highest net in-flow for the day. Cummins traded down ($1.10) for the day and closed at $164.97

A number of brokerages have recently commented on CMI. Piper Jaffray Companies set a $195.00 target price on shares of Cummins and gave the company a “buy” rating in a research note on Thursday, April 4th. ValuEngine raised shares of Cummins from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research downgraded shares of Cummins from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Mizuho set a $155.00 price target on shares of Cummins and gave the stock a “hold” rating in a research note on Saturday, February 9th. Finally, CIBC reaffirmed a “market perform” rating on shares of Cummins in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Cummins presently has a consensus rating of “Hold” and an average price target of $162.24.

The company has a market capitalization of $26.15 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.95 and a current ratio of 1.54.

Cummins (NYSE:CMI) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $3.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.81 by ($0.33). The company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.08 billion. Cummins had a return on equity of 29.71% and a net margin of 9.01%. Cummins’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.03 earnings per share. As a group, analysts predict that Cummins Inc. will post 15.46 earnings per share for the current year.

In other Cummins news, COO Richard Joseph Freeland sold 4,500 shares of the firm’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $150.00, for a total transaction of $675,000.00. Following the completion of the transaction, the chief operating officer now directly owns 4,500 shares of the company’s stock, valued at approximately $675,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexis M. Herman sold 423 shares of Cummins stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $150.12, for a total transaction of $63,500.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,816 shares of company stock valued at $1,039,321. 0.67% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in Cummins by 12,091.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,411,147 shares of the company’s stock worth $93,000 after acquiring an additional 12,309,348 shares in the last quarter. Norges Bank acquired a new stake in shares of Cummins in the fourth quarter worth $232,262,000. Parnassus Investments CA lifted its stake in shares of Cummins by 76.5% in the fourth quarter. Parnassus Investments CA now owns 1,500,000 shares of the company’s stock worth $200,460,000 after buying an additional 650,000 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Cummins by 1,826.7% in the fourth quarter. Bank of Nova Scotia now owns 600,989 shares of the company’s stock worth $80,314,000 after buying an additional 569,797 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of Cummins by 300.1% in the third quarter. Federated Investors Inc. PA now owns 642,093 shares of the company’s stock worth $93,790,000 after buying an additional 481,621 shares during the last quarter. 82.11% of the stock is owned by hedge funds and other institutional investors.

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About Cummins (NYSE:CMI)

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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.

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