As Cummins INC (CMI) Market Value Rose, Howard Capital Management Has Decreased Stake by $4.82 Million

Cummins Inc. (NYSE:CMI) LogoInvestors sentiment decreased to 0.9 in Q4 2018. Its down 0.35, from 1.25 in 2018Q3. It turned 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. Moreover, Navellier & Assoc has 0.31% invested in Cummins Inc. (NYSE:CMI) for 13,697 shares. Cadence Capital Mngmt Limited Liability Corp invested in 16,966 shares. Boston Common Asset Ltd Liability Co holds 50,095 shares. Lifeplan Gru owns 0% invested in Cummins Inc. (NYSE:CMI) for 25 shares. Trust Company Of Vermont holds 2,830 shares or 0.04% of its portfolio. Beese Fulmer Inv Management, Ohio-based fund reported 34,666 shares. Stillwater Investment Mngmt Limited Liability Company has 12,249 shares. Toth Financial Advisory Corporation accumulated 155 shares. Ibm Retirement Fund invested in 0.07% or 2,294 shares. Trexquant Inv Lp owns 6,571 shares. Loudon invested in 1.13% or 8,904 shares. Moreover, Whittier has 0.01% invested in Cummins Inc. (NYSE:CMI). United Cap Fin Advisers Ltd holds 0.04% or 39,314 shares. S&T Bancorp Pa owns 1.71% invested in Cummins Inc. (NYSE:CMI) for 55,285 shares. Adams Asset Advsr Limited reported 0.78% of its portfolio in Cummins Inc. (NYSE:CMI).

Since November 15, 2018, it had 0 buys, and 7 selling transactions for $6.40 million activity. $63,499 worth of Cummins Inc. (NYSE:CMI) shares were sold by HERMAN ALEXIS M. Embree Tracy A had sold 206 shares worth $30,900 on Wednesday, February 6. The insider LINEBARGER NORMAN THOMAS sold 24,830 shares worth $3.31M. 595 shares were sold by ChangDiaz Franklin R, worth $87,974 on Thursday, November 15. On Friday, January 18 the insider Freeland Richard Joseph sold $675,000. Ward Pat also sold $539,555 worth of Cummins Inc. (NYSE:CMI) shares.

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 $683.47 million 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 Benzinga.com with their article: “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” published on April 30, 2019, Benzinga.com published: “Earnings Scheduled For April 30, 2019 – Benzinga” on April 30, 2019. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Seekingalpha.com and their article: “Cummins Q1 2019 Earnings Preview – Seeking Alpha” published on April 29, 2019 as well as Prweb.com‘s news article titled: “CMI/Compas Elevates Gia Mauriello to EVP, Customer Experience and Excellence – PR Web” with publication date: May 08, 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. Oppenheimer downgraded the stock to “Perform” rating in Thursday, February 7 report. Robert W. Baird upgraded Cummins Inc. (NYSE:CMI) on Thursday, February 7 to “Outperform” rating. On Wednesday, May 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Sell” rating by UBS given on Wednesday, May 1. The rating was maintained by Buckingham Research with “Neutral” on Tuesday, April 16.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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