CHICAGO TRUST Co NA Buys 126 Shares of Cummins Inc. (NYSE:CMI)

CHICAGO TRUST Co NA grew its stake in Cummins Inc. (NYSE:CMI) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,509 shares of the company’s stock after purchasing an additional 126 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Cummins were worth $2,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMI. Quarry LP grew its position in shares of Cummins by 258.5% in the fourth quarter. Quarry LP now owns 147 shares of the company’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Cummins by 35.6% in the 4th quarter. V Square Quantitative Management LLC now owns 2,398 shares of the company’s stock valued at $574,000 after buying an additional 630 shares in the last quarter. Beacon Financial Group increased its position in Cummins by 7.0% during the 4th quarter. Beacon Financial Group now owns 1,933 shares of the company’s stock worth $463,000 after buying an additional 126 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Cummins in the fourth quarter valued at about $144,000. Finally, Syon Capital LLC grew its stake in shares of Cummins by 41.4% in the fourth quarter. Syon Capital LLC now owns 3,299 shares of the company’s stock valued at $790,000 after acquiring an additional 966 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Insider Buying and Selling

In other news, SVP Tony Satterthwaite sold 24,250 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $308.24, for a total transaction of $7,474,820.00. Following the completion of the transaction, the senior vice president now owns 77,442 shares of the company’s stock, valued at approximately $23,870,722.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Tony Satterthwaite sold 24,250 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $308.24, for a total value of $7,474,820.00. Following the sale, the senior vice president now directly owns 77,442 shares in the company, valued at $23,870,722.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sharon R. Barner sold 4,780 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $300.35, for a total transaction of $1,435,673.00. Following the completion of the transaction, the vice president now owns 20,873 shares in the company, valued at $6,269,205.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Cummins Stock Performance

NYSE CMI opened at $336.07 on Friday. The firm’s fifty day moving average price is $308.33 and its two-hundred day moving average price is $293.45. The stock has a market cap of $45.97 billion, a PE ratio of 24.60, a PEG ratio of 1.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.82 and a current ratio of 1.34. Cummins Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $337.60.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.85 by $0.41. Cummins had a return on equity of 25.73% and a net margin of 5.69%. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.33 billion. During the same quarter in the previous year, the company posted $5.18 EPS. Cummins’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Cummins Inc. will post 19.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMI. Citigroup increased their target price on shares of Cummins from $345.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Cummins from $295.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Cummins from $285.00 to $340.00 and gave the stock an “underweight” rating in a report on Friday. Barclays boosted their price target on Cummins from $259.00 to $310.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Evercore ISI increased their price objective on shares of Cummins from $290.00 to $294.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $311.55.

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.