Howard Capital Management Lowered Holding in Cummins INC (CMI) as Valuation Rose

Cummins Inc. (NYSE:CMI) LogoInvestors sentiment decreased to 0.9 in 2018 Q4. Its down 0.35, from 1.25 in 2018Q3. It is negative, as 60 investors sold CMI shares while 283 reduced holdings. 92 funds opened positions while 215 raised stakes. 134.90 million shares or 8.43% more from 124.41 million shares in 2018Q3 were reported. Cubist Systematic Strategies Lc holds 12,554 shares or 0.08% of its portfolio. State Of Tennessee Treasury Department reported 52,286 shares or 0.04% of all its holdings. 10,386 are held by Comerica Secs. 18,506 are held by Paloma Management Co. The Indiana-based Spectrum Mgmt Grp Inc Inc has invested 0% in Cummins Inc. (NYSE:CMI). Bnp Paribas Asset Mngmt Hldg Sa reported 0.04% in Cummins Inc. (NYSE:CMI). Bb&T Corporation invested in 6,676 shares. Arrow Corporation owns 4,447 shares. First Western holds 2.89% in Cummins Inc. (NYSE:CMI) or 2,378 shares. Northstar Invest Lc owns 1.73% invested in Cummins Inc. (NYSE:CMI) for 59,300 shares. Cambridge Invest Rech Advisors reported 30,743 shares. Lsv Asset Management owns 3.67M shares for 0.87% of their portfolio. Legal & General Grp Public accumulated 949,076 shares. First Allied Advisory holds 0.04% or 7,039 shares. Cornerstone Incorporated holds 0.06% of its portfolio in Cummins Inc. (NYSE:CMI) for 2,573 shares.

Since November 15, 2018, it had 0 buys, and 7 insider sales for $6.40 million activity. $1.70M worth of Cummins Inc. (NYSE:CMI) was sold by ROSE MARYA M. Another trade for 24,830 shares valued at $3.31 million was made by LINEBARGER NORMAN THOMAS on Monday, December 17. Another trade for 3,481 shares valued at $539,555 was made by Ward Pat on Monday, December 3. The insider HERMAN ALEXIS M sold $63,499. $87,974 worth of Cummins Inc. (NYSE:CMI) shares were sold by ChangDiaz Franklin R. Another trade for 206 shares valued at $30,900 was made by Embree Tracy A on Wednesday, February 6.

Howard Capital Management decreased its stake in Cummins Inc (CMI) by 37.97% based on its latest 2018Q4 regulatory filing with the SEC. Howard Capital Management sold 36,239 shares as the company’s stock rose 4.36% with the market. The institutional investor held 59,190 shares of the industrial machinery and components company at the end of 2018Q4, valued at $7.91M, down from 95,429 at the end of the previous reported quarter. Howard Capital Management who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $26.16 billion market cap company. The stock increased 0.32% or $0.53 during the last trading session, reaching $166.14. About 372,056 shares traded. Cummins Inc. (NYSE:CMI) has declined 3.64% since May 8, 2018 and is downtrending. It has underperformed by 8.01% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on July, 30. They expect $4.34 EPS, up 4.83 % or $0.20 from last year’s $4.14 per share. CMI’s profit will be $683.47M for 9.57 P/E if the $4.34 EPS becomes a reality. After $4.20 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts 3.33 % EPS growth.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 1, 2019 – Benzinga” on May 01, 2019, also Businesswire.com with their article: “Cummins Implementing New Technologies With Potential to Revolutionize Manufacturing – Business Wire” published on April 16, 2019, Seekingalpha.com published: “Cummins Q1 2019 Earnings Preview – Seeking Alpha” on April 29, 2019. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Benzinga.com and their article: “Earnings Scheduled For April 30, 2019 – Benzinga” published on April 30, 2019 as well as Benzinga.com‘s news article titled: “Cummins Inc. (NYSE:CMI), Fiat Chrysler S.p.A. (NYSE:FCAU) – Cummins Ships Record Number Of Engines In Q1, But EPA Has Questions For Cummins Over Ram Engines – Benzinga” with publication date: April 30, 2019.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 4 analysts covering Cummins (NYSE:CMI), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Cummins had 11 analyst reports since February 7, 2019 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 1 report. On Tuesday, April 16 the stock rating was maintained by Buckingham Research with “Neutral”. The firm earned “Sell” rating on Wednesday, May 1 by UBS. The stock of Cummins Inc. (NYSE:CMI) earned “Outperform” rating by Robert W. Baird on Thursday, February 7. The rating was downgraded by Oppenheimer to “Perform” on Thursday, February 7.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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