YHB Investment Advisors Inc. Sells 54 Shares of Cummins Inc. (NYSE:CMI)

YHB Investment Advisors Inc. cut its holdings in Cummins Inc. (NYSE:CMI) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,764 shares of the company’s stock after selling 54 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Cummins were worth $5,844,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. PFG Investments LLC lifted its holdings in shares of Cummins by 27.7% during the third quarter. PFG Investments LLC now owns 2,238 shares of the company’s stock valued at $725,000 after purchasing an additional 485 shares in the last quarter. CWM LLC lifted its stake in Cummins by 17.4% during the 3rd quarter. CWM LLC now owns 12,069 shares of the company’s stock valued at $3,908,000 after acquiring an additional 1,786 shares during the period. Mariner Investment Group LLC purchased a new stake in shares of Cummins during the 4th quarter valued at about $1,046,000. Alpha DNA Investment Management LLC bought a new stake in shares of Cummins in the third quarter worth approximately $748,000. Finally, Franklin Resources Inc. raised its holdings in shares of Cummins by 74.2% during the third quarter. Franklin Resources Inc. now owns 233,544 shares of the company’s stock valued at $79,017,000 after purchasing an additional 99,464 shares during the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cummins

In other Cummins news, VP Sharon R. Barner sold 2,163 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $369.12, for a total transaction of $798,406.56. Following the transaction, the vice president now owns 20,803 shares of the company’s stock, valued at approximately $7,678,803.36. This trade represents a 9.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 6,489 shares of company stock worth $2,357,531 in the last three months. Insiders own 0.56% of the company’s stock.

Cummins Stock Down 5.3 %

Shares of CMI stock opened at $348.27 on Tuesday. The company’s fifty day simple moving average is $363.94 and its two-hundred day simple moving average is $331.60. Cummins Inc. has a 52 week low of $236.00 and a 52 week high of $387.90. The stock has a market cap of $47.78 billion, a P/E ratio of 23.00, a PEG ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $0.97. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the company earned $4.73 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Cummins Inc. will post 21.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMI. Evercore ISI upgraded shares of Cummins from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $294.00 to $408.00 in a report on Wednesday, November 13th. Robert W. Baird raised their price target on Cummins from $330.00 to $372.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Truist Financial raised their target price on Cummins from $424.00 to $425.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, Bank of America raised shares of Cummins from an “underperform” rating to a “neutral” rating and upped their price target for the company from $354.00 to $358.00 in a research report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $374.25.

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.