Economy

Cummins Inc. (NYSE:CMI) Shares Sold by American International Group Inc

Cummins Inc. has a 52-week low of $105.33 and a 52-week high of $163.36.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. Cummins had 89 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Hold" rating by BB&T Capital on Monday, September 28. Bank of America upgraded Cummins Inc. (NYSE:CMI) were released by: Nasdaq.com and their article: "January 2018 Options Now Available For Cummins (CMI)" published on December 07, 2017 as well as Seekingalpha.com's news article titled: "Why I Buy More Of This Industrial Company Every Month" with publication date: December 05, 2017. The stock has "Buy" rating by Buckingham Research on Wednesday, November 1. BMO Capital Markets maintained the stock with "Market Perform" rating in Wednesday, November 8 report.

Research analysts at Oppenheimer has begun coverage on shares of Cummins (NYSE:CMI) in analysts note revealed on Thursday morning. Vanguard Group Inc. now owns 11,614,316 shares of the company's stock valued at $1,884,074,000 after buying an additional 298,352 shares during the last quarter. Deutsche Bank has "Hold" rating and $123.0 target. Finally, Goldman Sachs Group cut Cummins from a "buy" rating to a "neutral" rating and set a $180.00 price objective on the stock.in a research report on Thursday, November 30th.

Company forward growth are set to come in lower than anticipated, that said Cummins Inc. current asset price is 14.23X over its predicted earnings per share. The company now has a consensus rating of "Hold" and a consensus target price of $176.41. Winslow Evans And Crocker owns 12,690 shares. First Interstate Bank now owns 956 shares of the company's stock worth $155,000 after acquiring an additional 25 shares during the last quarter. 534,634 shares of the company's stock traded hands. It has outperformed by 24.97% the S&P500. The company has a market cap of $26.63 billion, a P/E ratio of 18.25 and a beta of 1.27. The firm operates through two divisions, Citicorp and Citi Holdings. It has a 19.18 P/E ratio.

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products.

Oppenheimer has started its coverage for Cummins (NYSE:CMI), this morning 7 December. Therefore 51% are positive. Pinnacle Foods Inc had 31 analyst reports since October 19, 2015 according to SRatingsIntel.

Royal Bank Of Scotland Group Plc decreased Cummins Inc (CMI) stake by 10.2% reported in 2017Q2 SEC filing. (NYSE:PF) rating on Monday, June 26. The firm earned "Neutral" rating on Friday, May 13 by Citigroup. Jefferies maintained the stock with "Hold" rating in Friday, October 20 report. The firm has "Hold" rating by Stifel Nicolaus given on Monday, July 17. (NYSE:PF) rating on Tuesday, August 15. Deutsche Bank has "Sell" rating and $112 target.

Gideon Capital Inc reported 1,951 shares or 0.35% of all its holdings. Stifel Nicolaus has "Buy" rating and $63.0 target.

Investors sentiment increased to 1.01 in Q2 2017. Its the same as in 2017Q1. Of those insider trades, 2,823 shares of Cummins Inc. were purchased and 2,823 shares were sold. (NYSE:CMI). Korea Investment Corporation reported 0.13% of its portfolio in Cummins Inc. (NYSE:C). Mirae Asset Global Ltd reported 0.16% stake. Morgan Stanley owns 254,206 shares for 0% of their portfolio. (NYSE:C) for 1.06 million shares. (NYSE:CMI). Loudon Inv Mngmt Limited Co owns 9,814 shares for 1.21% of their portfolio.

There are 967 institutional holders with active positions, accounting for 139.88 million shares in total. They expect $1.34 earnings per share, up 41.05% or $0.39 from last year's $0.95 per share.

Twin Tree Management Lp increased Pvh Corp (Call) (NYSE:PVH) stake by 90,500 shares to 123,300 valued at $14.12 million in 2017Q2. (NYSE:PF). Jane Street Gru Limited Liability Co reported 86,162 shares. Zeke Cap Advsr Ltd Liability reported 0.04% in Cummins Inc. (NYSE:C) for 97,315 shares. 110.55 million shares or 1.67% less from 112.42 million shares in 2017Q1 were reported. (NYSE:CMI). Moreover, Chicago Equity Ptnrs Ltd Liability has 0.29% invested in Cummins Inc. De Burlo has invested 0.08% in Cummins Inc.

Cummins (NYSE:CMI) last announced its quarterly earnings results on Tuesday, May 2nd. L And S Advisors Inc has 0.93% invested in Cummins Inc. (NYSE:CMI). Laurion Cap Management Ltd Partnership accumulated 20,300 shares.

Since June 19, 2017, it had 0 insider purchases, and 1 sale for $2.30 million activity. Northwest Investment Counselors LLC bought a new position in Cummins in the 3rd quarter worth about $132,000. The company has market cap of $27.45 billion. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.



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