Two Point Capital Management Inc. Has $12.15 Million Position in Cummins Inc. (NYSE:CMI)

Two Point Capital Management Inc. decreased its holdings in Cummins Inc. (NYSE:CMI) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,100 shares of the company’s stock after selling 135 shares during the period. Cummins comprises approximately 4.3% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Two Point Capital Management Inc.’s holdings in Cummins were worth $12,153,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMI. Global Trust Asset Management LLC grew its holdings in Cummins by 59.6% in the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. Compass Financial Services Inc purchased a new position in Cummins in the fourth quarter worth $27,000. Prospera Private Wealth LLC purchased a new position in Cummins in the third quarter worth $32,000. Friedenthal Financial purchased a new stake in shares of Cummins during the fourth quarter valued at $55,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Cummins during the third quarter valued at $55,000. Institutional investors own 83.46% of the company’s stock.

Insider Buying and Selling

In related news, VP Sharon R. Barner sold 2,163 shares of the company’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 completion of the transaction, the vice president now owns 20,803 shares in the company, valued at $7,678,803.36. This represents a 9.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Cummins Trading Down 2.3 %

Shares of Cummins stock opened at $364.08 on Thursday. The firm has a 50-day simple moving average of $361.68 and a two-hundred day simple moving average of $337.74. The company has a market cap of $49.94 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Cummins Inc. has a fifty-two week low of $250.90 and a fifty-two week high of $387.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.31.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm posted $4.14 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that Cummins Inc. will post 22.57 earnings per share for the current fiscal year.

Cummins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 21st will be given a dividend of $1.82 per share. The ex-dividend date is Friday, February 21st. This represents a $7.28 annualized dividend and a dividend yield of 2.00%. Cummins’s dividend payout ratio (DPR) is presently 25.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Cummins from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Cummins from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $355.00 to $420.00 in a research report on Monday, December 9th. Robert W. Baird boosted their target price on shares of Cummins from $395.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, Vertical Research downgraded shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 target price for the company. in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cummins currently has a consensus rating of “Hold” and a consensus price target of $383.08.

About Cummins

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.