Dohj LLC Purchases 171 Shares of Cummins Inc. (NYSE:CMI)

Dohj LLC boosted its position in Cummins Inc. (NYSE:CMI) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,358 shares of the company’s stock after acquiring an additional 171 shares during the period. Dohj LLC’s holdings in Cummins were worth $325,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Balentine LLC lifted its stake in Cummins by 3.3% in the third quarter. Balentine LLC now owns 3,929 shares of the company’s stock worth $898,000 after acquiring an additional 127 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Cummins by 200.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,790 shares of the company’s stock valued at $1,387,000 after purchasing an additional 3,866 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC purchased a new position in shares of Cummins during the third quarter valued at about $9,048,000. Capital Advisors Inc. OK bought a new position in Cummins in the fourth quarter worth about $24,915,000. Finally, SG Americas Securities LLC lifted its holdings in Cummins by 227.6% in the fourth quarter. SG Americas Securities LLC now owns 24,281 shares of the company’s stock worth $5,817,000 after buying an additional 16,869 shares during the period. Institutional investors own 83.46% of the company’s stock.

Analyst Ratings Changes

CMI has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on Cummins from $270.00 to $306.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. TheStreet lowered Cummins from an “a-” rating to a “c+” rating in a report on Tuesday, February 6th. Citigroup upped their price target on shares of Cummins from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Evercore ISI raised their price objective on shares of Cummins from $231.00 to $244.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, Truist Financial assumed coverage on shares of Cummins in a report on Thursday, March 14th. They set a “hold” rating and a $303.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $279.70.

Insider Buying and Selling at Cummins

In other news, Director Daniel William Fisher bought 562 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $266.57 per share, for a total transaction of $149,812.34. Following the completion of the transaction, the director now owns 1,068 shares of the company’s stock, valued at $284,696.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cummins news, Director Daniel William Fisher bought 562 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $266.57 per share, with a total value of $149,812.34. Following the completion of the acquisition, the director now owns 1,068 shares in the company, valued at approximately $284,696.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sharon R. Barner sold 2,100 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $271.29, for a total transaction of $569,709.00. Following the completion of the sale, the vice president now owns 16,899 shares in the company, valued at approximately $4,584,529.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,289 shares of company stock worth $13,576,838. Insiders own 0.56% of the company’s stock.

Cummins Price Performance

NYSE:CMI traded down $0.47 on Friday, reaching $291.14. 480,216 shares of the company’s stock traded hands, compared to its average volume of 917,274. The firm has a market cap of $39.82 billion, a PE ratio of 56.20, a P/E/G ratio of 1.98 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 1.18 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of $283.34 and a 200-day simple moving average of $250.62. Cummins Inc. has a 12 month low of $203.18 and a 12 month high of $304.24.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $4.14 EPS for the quarter, missing analysts’ consensus estimates of $4.41 by ($0.27). Cummins had a return on equity of 25.68% and a net margin of 2.16%. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the prior year, the firm posted $4.52 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts forecast that Cummins Inc. will post 18.34 earnings per share for the current year.

Cummins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $6.72 annualized dividend and a yield of 2.31%. Cummins’s payout ratio is 129.73%.

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.