Cummins Inc Stock [FallsFell] as Big Money Exit, Sentiment at 0.9

June 27, 2018 - By Alex Paulin

Cummins Inc. (NYSE:CMI) Corporate Logo

Positions for Cummins Inc (NYSE:CMI)

In 2018 Q1 Cummins Inc (NYSE:CMI) big money sentiment decreased to 0.9, revealed SEC filings. That’s down -0.37, from 2017Q4’s 1.27. 317 investment managers started new or increased holdings, while 354 trimmed and sold stock positions in Cummins Inc so the sentiment worsened. These funds own 128.35 million shares, that’s down from 131.82 million shares in 2017Q4. Funds holding Cummins Inc in top 10 decreased from 12 to 6 for a decrease of 6. In total 70 funds closed positions, 284 reduced and 246 increased. Also 71 funds bought new Cummins Inc stakes.

Significant Cummins Inc Investors

As of 2018 Q1 Cincinnati Casualty Co has 6.67% invested in Cummins Inc. Cummins Inc’s shareholder Marshfield Associates owns 548,518 shares as of 2018 Q1. Raub Brock Capital Management Lp reported 105,896 shares. The Rhode Island-based fund Weybosset Research & Management Llc have invested about 3.77% of the investment manager’s stock portfolio in Cummins Inc. The Ohio-based fund Cincinnati Insurance Co looks positive on Cummins Inc, owning 666,500 shares.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide.The company has $22.00 billion market cap. It operates through Engine, Distribution, Components, and Power Systems divisions.24.08 is the P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

CMI is reaching $133.91 during the last trading session, after decreased 0.18%.Currently Cummins Inc. is downtrending after 5.98% change in last June 27, 2017. CMI has also 1.24M shares volume. The stock underperformed the S&P 500 by 18.55%.

Investors expect Cummins Inc. (NYSE:CMI)’s quarterly earnings on August, 7., according to Zacks. Analysts forecast $3.63 EPS. That’s $1.10 up or 43.48 % from 2017’s earnings of $2.53. CMI’s profit could hit $596.29M with 9.22 P/E in case $3.63 EPS is reported. After $3.30 EPS report last quarter, Wall Street now forecasts 10.00 % EPS growth of Cummins Inc..

62,600 are owned by Art Advisors Ltd Limited Liability Company. Manufacturers Life Insurance Communication The owns 180,663 shs or 0.03% of their US capital. Novare Capital Mgmt Llc reported 15,901 shs or 0.45% of all its holdings. Beese Fulmer Investment Inc has 1.19% invested in Cummins Inc. (NYSE:CMI). Jefferies Gp Limited reported 7,624 shs. Barclays Public Limited Com holds 0.05% or 399,175 shs in its capital. Amica Pension Fund Board Of Trustees has 0.1% invested in Cummins Inc. (NYSE:CMI). Mackenzie Financial invested in 0.01% or 21,384 shs. Tiemann Advisors Ltd invested 0.38% in Cummins Inc. (NYSE:CMI). Cap One National Association has 0.42% invested in Cummins Inc. (NYSE:CMI) for 36,635 shs. Tiaa Cref Inv Management Ltd Liability reported 854,803 shs. Pension Serv owns 167,318 shs. 14,738 are owned by Wagner Bowman. Lombard Odier Asset (Europe) Ltd reported 1,785 shs stake. Wharton Business Group Incorporated Lc reported 0.02% of its capital in Cummins Inc. (NYSE:CMI).

Cummins Inc. (NYSE:CMI) Ratings Coverage

In total 18 analysts cover Cummins (NYSE:CMI). “Buy” rating has 3, “Sell” are 2, while 13 are “Hold”. (NYSE:CMI) has 17% bullish analysts. With $215.0 highest and $150 lowest target, Cummins has $176.27 average target or 31.63% above the current ($133.91) price. 27 are the (NYSE:CMI)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Thursday, May 3 the company was downgraded by Bank of America. On Monday, February 5 the stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Stifel Nicolaus. On Wednesday, May 2 the rating was downgraded by Wells Fargo to “Market Perform”. On Wednesday, May 2 the stock has “Hold” rating by Stifel Nicolaus. The stock rating was maintained by Oppenheimer with “Outperform” on Wednesday, May 2. On Friday, May 4 Citigroup maintained the shares of CMI in report with “Neutral” rating. The company rating was maintained by RBC Capital Markets on Thursday, February 8. On Thursday, May 3 BMO Capital Markets maintained Cummins Inc. (NYSE:CMI) rating. BMO Capital Markets has “Market Perform” rating and $170 target. On Wednesday, February 7 the firm earned “Outperform” rating by Credit Suisse. The stock rating was maintained by BMO Capital Markets with “Hold” on Tuesday, April 17.

A couple more Cummins Inc. (NYSE:CMI) news were posted by: Seekingalpha.com which released on June 25, 2018 “WSJ: GE nears deal to sell industrial engines unit to PE firm for at least $3B”, also Seekingalpha.com on June 25, 2018 posted “Wall Street Breakfast: Game Of Trade Chicken Continues”, the next Seekingalpha.com is “Cummins: This Large Cap Provides Good Dividends And Could Appreciate By More Than 17%” on June 20, 2018. Seekingalpha.com has article titled “Ride This Stock While It’s Trading At Its 52-Week Low”.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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