Nathan Stoner Sells 607 Shares of Cummins (NYSE:CMI) Stock

Cummins Inc. (NYSE:CMI) VP Nathan Stoner sold 607 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $694.06, for a total value of $421,294.42. Following the sale, the vice president directly owned 9,447 shares in the company, valued at approximately $6,556,784.82. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cummins Trading Up 0.3%

Shares of Cummins stock opened at $704.49 on Wednesday. The firm has a market cap of $97.21 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 1.77 and a beta of 1.27. The business has a 50-day moving average price of $593.30 and a 200-day moving average price of $549.49. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. Cummins Inc. has a twelve month low of $307.90 and a twelve month high of $718.08.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.96 earnings per share. Equities research analysts anticipate that Cummins Inc. will post 28.39 EPS for the current fiscal year.

Cummins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be given a dividend of $2.00 per share. The ex-dividend date is Friday, May 22nd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.1%. Cummins’s dividend payout ratio (DPR) is presently 41.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their target price on Cummins from $675.00 to $752.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group set a $565.00 price target on Cummins and gave the company a “neutral” rating in a report on Friday, February 6th. Truist Financial set a $815.00 price target on Cummins in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $600.00 price target on Cummins and gave the company a “market perform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cummins presently has a consensus rating of “Moderate Buy” and a consensus price target of $677.87.

Hedge Funds Weigh In On Cummins

A number of large investors have recently bought and sold shares of CMI. Valmark Advisers Inc. grew its stake in shares of Cummins by 1.9% during the first quarter. Valmark Advisers Inc. now owns 877 shares of the company’s stock worth $472,000 after purchasing an additional 16 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in Cummins by 1.6% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,101 shares of the company’s stock worth $619,000 after buying an additional 17 shares during the last quarter. Uhlmann Price Securities LLC boosted its position in shares of Cummins by 2.4% during the 1st quarter. Uhlmann Price Securities LLC now owns 717 shares of the company’s stock worth $386,000 after acquiring an additional 17 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Cummins by 0.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company’s stock worth $1,908,000 after acquiring an additional 18 shares in the last quarter. Finally, Financial Consulate Inc. boosted its position in shares of Cummins by 16.8% during the 4th quarter. Financial Consulate Inc. now owns 125 shares of the company’s stock worth $64,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

More Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Cummins continues to benefit from its recent earnings beat, with quarterly EPS of $6.15 topping estimates and revenue coming in slightly above expectations, reinforcing confidence in the company’s operating momentum.
• Positive Sentiment: Several analysts have turned more bullish on CMI, including upgrades and higher price targets from firms such as Barclays and Citigroup, which can help support the stock as investors reassess valuation.
• Positive Sentiment: Recent commentary highlighted Cummins as a strong momentum stock and pointed to broader growth drivers, including exposure to power technology and related industrial demand. Article Title
• Neutral Sentiment: Separate articles compared Cummins’ year-to-date performance with other auto, tires and truck stocks; this is more of a relative-performance check than a new company-specific catalyst. Article Title
• Negative Sentiment: Recent insider selling by executives including VP Nathan Stoner, EVP Bonnie Fetch and VP Marvin Boakye may temper enthusiasm somewhat, since insider sales can sometimes signal limited near-term upside or simply portfolio diversification.

About Cummins

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.