Published: Tue, January 16, 2018
Sport | By Cameron Gross

Cummins Inc (NYSE:CMI) Q3 2017 Institutional Investor Sentiment Steady

Moreover, Raub Brock Capital Management Lp has 4.72% invested in the company for 109,491 shares. The company's stock had a trading volume of 1,470,025 shares, compared to its average volume of 1,210,000. It has outperformed by 74.38% the S&P500. Cullen Frost Bankers reported 0.12% in Cummins Inc.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, October 31st. CMI's profit would be $431.52M giving it 17.71 P/E if the $2.60 EPS is correct. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth. About 2.07 million shares traded.

Cummins Inc. (NYSE:CMI) has earned a consensus rating of "Hold" from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. It has outperformed by 26.62% the S&P500.

Since August 11, 2017, it had 0 insider purchases, and 8 insider sales for $5.40 million activity. The insider Lindekugel Jon T sold $92,023. (NYSE:CMI). Compton Cap Management Incorporated Ri accumulated 2,725 shares. The company was maintained on Thursday, May 12 by Wedbush. 1,428 shares valued at $295,106 were sold by Hammes Eric D. on Thursday, August 17. Gemmer Asset Management Ltd Llc reported 0.01% stake. It also upped Spdr Gold Trust (GLD) stake by 397,034 shares and now owns 608,435 shares. FROST PHILLIP MD ET AL also bought $90,099 worth of Opko Health, Inc. Its down 0.14, from 0.91 in 2017Q2. It increased, as 19 investors sold Opko Health, Inc. shares while 58 reduced holdings. 101 funds opened positions while 417 raised stakes. Endurance Wealth Mgmt Inc reported 0% stake. Ancora Limited Liability Company reported 0.01% of its portfolio in Cummins Inc. Conning reported 148,941 shares or 1.06% of all its holdings. Retirement Of Alabama accumulated 108,833 shares. Meeder Asset Mngmt Inc owns 30,927 shares for 0.57% of their portfolio. Ferguson Wellman has 4,636 shares for 0.03% of their portfolio. American Trust Inv Advisors Ltd Co holds 6,916 shares. Ally reported 0.4% stake. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 16,162 shares for 0.11% of their portfolio. Old Mutual Glob (Uk) invested in 926,242 shares or 1.63% of the stock. Wespac Advsrs Ltd Liability Corporation owns 4,118 shares.

Several equities analysts have weighed in on the company. They expect $2.60 EPS, up 15.56% or $0.35 from last year's $2.25 per share. (NASDAQ:ADSK), 18 have Buy rating, 3 Sell and 6 Hold. Therefore 58% are positive. China Lodging had 14 analyst reports since August 18, 2015 according to SRatingsIntel. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $190.00 target price (up from $186.00) on shares of Cummins in a research report on Wednesday, November 1st. The company was maintained on Thursday, October 26 by Craig Hallum. Argus raised their price objective on Cummins from $172.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, November 6th. As per Friday, October 6, the company rating was maintained by Wells Fargo. Jefferies maintained the stock with "Hold" rating in Wednesday, September 6 report. On Monday, October 9 the stock rating was maintained by Citigroup with "Buy". (NYSE:CMI). State Of Alaska Department Of Revenue invested 0.18% of its portfolio in Cummins Inc. The firm has "Hold" rating by BB&T Capital given on Monday, September 28.

Since January 1, 0001, it had 0 buys, and 1 sale for $260,085 activity. Another trade for 1,633 shares valued at $260,085 was made by ChangDiaz Franklin R on Wednesday, August 9.

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Its Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, agricultural and governmental equipment markets. Companies having a market cap of $10 billion or more are typically considered as the major players of the market. The Company's segments include Engine, Distribution, Components and Power Systems. It has a 18.72 P/E ratio.

Ratings analysis reveals 25% of Cummins's analysts are positive. Therefore 25% are positive. CMI was included in 91 notes of analysts from July 22, 2015. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with "Sell". The stock of STMicroelectronics N.V. (NYSE:STM) has "Buy" rating given on Tuesday, June 27 by Stifel Nicolaus. The rating was maintained by Piper Jaffray with "Hold" on Monday, October 16. Macquarie Research maintained the stock with "Outperform" rating in Thursday, November 12 report. The firm earned "Underperform" rating on Thursday, April 21 by Robert W. Baird.

Agf Investments America Inc increased Cummins Inc. The firm has "Buy" rating by Evercore given on Wednesday, August 23. Cowen & Co has "Market Perform" rating and $73 target. The original version of this report can be viewed at Canaccord Genuity has "Buy" rating and $60 target. (NYSE:CMI) on Monday, July 10 with "Hold" rating. (NYSE:CMI) has "Neutral" rating given on Friday, December 1 by Goldman Sachs.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It increased, as 57 investors sold CMI shares while 253 reduced holdings. Penserra Capital Management LLC raised its stake in Cummins by 100.0% in the third quarter. (NYSE:CMI). Perella Weinberg Capital Mngmt Limited Partnership holds 0.05% or 3,191 shares. Its up 15.37% from 160,700 shares previously. 50,408 are owned by Fund Mngmt Sa. (NYSE:CMI). Essex Services Inc has invested 0.17% in Cummins Inc. (NYSE:CMI) for 3,201 shares. Adams Diversified Equity Fund holds 136,100 shares. Swiss Comml Bank owns 588,019 shares or 0.11% of their U.S. portfolio. Moreover, Css Lc Il has 0.01% invested in Opko Health, Inc. (NYSE:CMI). Sun Life Fin owns 1,160 shares. Rampart Investment Mgmt Co Limited Liability holds 1,897 shares or 0.11% of its portfolio. (NYSE:CMI) for 8,845 shares. Bedrijfstakpensioenfonds Voor De Media Pno invested in 0.22% or 11,585 shares.

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