B. Metzler seel. Sohn & Co. AG Has $10.35 Million Stock Holdings in Cummins Inc. $CMI

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Cummins Inc. (NYSE:CMI) by 45.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,497 shares of the company’s stock after purchasing an additional 7,684 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Cummins were worth $10,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CMI. Flagship Wealth Advisors LLC acquired a new position in shares of Cummins in the 3rd quarter worth approximately $28,000. Osterweis Capital Management Inc. acquired a new stake in Cummins in the 2nd quarter valued at $31,000. Guerra Advisors Inc bought a new stake in Cummins in the third quarter valued at $36,000. Salomon & Ludwin LLC grew its position in Cummins by 1,333.3% in the third quarter. Salomon & Ludwin LLC now owns 86 shares of the company’s stock valued at $37,000 after acquiring an additional 80 shares during the period. Finally, Tripletail Wealth Management LLC acquired a new position in Cummins during the third quarter worth $39,000. 83.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Cummins in a report on Monday, December 29th. Zacks Research lowered shares of Cummins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Cummins from $485.00 to $580.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Barclays boosted their price target on shares of Cummins from $546.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Robert W. Baird set a $580.00 price objective on shares of Cummins in a research note on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $588.93.

Cummins Price Performance

Shares of CMI stock opened at $539.59 on Monday. The stock’s fifty day moving average is $570.78 and its 200-day moving average is $491.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.76. The stock has a market capitalization of $74.55 billion, a PE ratio of 26.30, a PEG ratio of 1.71 and a beta of 1.12. Cummins Inc. has a 52 week low of $260.02 and a 52 week high of $617.98.

Cummins (NYSE:CMI) last announced its earnings results on Thursday, February 5th. The company reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.64. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The company had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period last year, the company posted $5.16 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Cummins Inc. will post 22.54 EPS for the current fiscal year.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, February 20th. Cummins’s dividend payout ratio (DPR) is presently 38.99%.

Insider Buying and Selling

In other Cummins news, VP Earl Newsome sold 1,300 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $583.67, for a total value of $758,771.00. Following the completion of the transaction, the vice president directly owned 3,389 shares of the company’s stock, valued at approximately $1,978,057.63. The trade was a 27.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William I. Miller sold 18,107 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total transaction of $10,811,689.70. Following the sale, the director directly owned 34,243 shares in the company, valued at $20,446,495.30. This trade represents a 34.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,195 shares of company stock valued at $18,397,489. Insiders own 0.41% of the company’s stock.

Cummins Profile

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.