Crystal Rock Capital Management Lowered Cummins INC (CMI) Position by $4.24 Million; Stock Value Rose

October 2, 2017 - By Richard Conner

Investors sentiment increased to 1.01 in 2017 Q2. Its up 0.09, from 0.92 in 2017Q1. It is positive, as 49 investors sold CMI shares while 269 reduced holdings. 90 funds opened positions while 231 raised stakes. 130.61 million shares or 1.43% more from 128.77 million shares in 2017Q1 were reported. Columbia Asset Management owns 3,000 shares for 0.16% of their portfolio. Chevy Chase has 133,499 shares. The Pennsylvania-based Sei Investments has invested 0.05% in Cummins Inc. (NYSE:CMI). Opus Inv Management invested 0.34% in Cummins Inc. (NYSE:CMI). Natl Tx holds 38,640 shares or 0.34% of its portfolio. 525 were reported by Skylands Ltd Liability Co. Qs Investors Limited Liability Corporation invested in 5,679 shares. Zacks Inv reported 12,598 shares stake. Suntrust Banks has invested 0.02% in Cummins Inc. (NYSE:CMI). Lodge Hill Capital Limited Liability Company holds 180,000 shares or 2.19% of its portfolio. Ww Asset Management Inc reported 0.08% in Cummins Inc. (NYSE:CMI). Moreover, Amp Cap Investors Limited has 0.15% invested in Cummins Inc. (NYSE:CMI). Moreover, Assetmark has 0% invested in Cummins Inc. (NYSE:CMI) for 1,599 shares. Yorktown And Research Company owns 1,700 shares. 5,838 are held by Intersect Lc.

Since April 28, 2017, it had 0 insider buys, and 7 sales for $8.52 million activity. $604,139 worth of Cummins Inc. (NYSE:CMI) was sold by Satterthwaite Tony. HERMAN ALEXIS M had sold 1,300 shares worth $206,911 on Wednesday, May 10. Talaulicar Anant had sold 1,650 shares worth $259,878 on Tuesday, May 30. 1,086 shares were sold by NELSON GEORGIA R, worth $169,527 on Thursday, May 25. On Tuesday, May 2 the insider LINEBARGER NORMAN THOMAS sold $3.91M. 14,050 shares valued at $2.30M were sold by Ward Pat on Monday, June 19. Another trade for 6,540 shares valued at $1.07M was made by CHAPMAN STEVEN M on Tuesday, May 2.

Crystal Rock Capital Management decreased its stake in Cummins Inc (CMI) by 86.22% based on its latest 2017Q2 regulatory filing with the SEC. Crystal Rock Capital Management sold 26,168 shares as the company’s stock rose 1.30% with the market. The institutional investor held 4,182 shares of the industrial machinery and components company at the end of 2017Q2, valued at $678,000, down from 30,350 at the end of the previous reported quarter. Crystal Rock Capital Management who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $28.21B market cap company. The stock rose 0.15% or $0.26 reaching $168.29. About 212,466 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since October 2, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Wall Street await Cummins Inc. (NYSE:CMI) to release earnings on November, 7. Analysts forecast earnings per share of $2.41, up exactly $0.39 or 19.31 % from 2014’s $2.02 EPS. The expected CMI’s profit could reach $403.94M giving the stock 17.45 P/E in the case that $2.41 earnings per share is reported. After posting $2.53 EPS for the previous quarter, Cummins Inc.’s analysts now forecast -4.74 % negative EPS growth.

More important recent Cummins Inc. (NYSE:CMI) news were published by: Businesswire.com which released: “Cummins Uses Clean Technologies to Help Major Global Cities Reduce Pollution …” on September 27, 2017, also Businesswire.com published article titled: “Cummins Supports Tax Reform Efforts that will lead to Increased …”, Bizjournals.com published: “Feds sue Cummins Inc. for pay discrimination in US District Court in Nashville” on September 27, 2017. More interesting news about Cummins Inc. (NYSE:CMI) was released by: Businesswire.com and their article: “Cummins and Achates Power to Develop Advanced Combat Vehicle Engine to Improve …” with publication date: September 28, 2017.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 25 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 15 Hold. Therefore 28% are positive. Cummins had 71 analyst reports since July 22, 2015 according to SRatingsIntel. CLSA initiated Cummins Inc. (NYSE:CMI) on Friday, September 30 with “Buy” rating. The stock of Cummins Inc. (NYSE:CMI) earned “Sell” rating by Deutsche Bank on Wednesday, September 7. The stock of Cummins Inc. (NYSE:CMI) has “Outperform” rating given on Thursday, December 1 by CLSA. The firm earned “Buy” rating on Tuesday, October 11 by Goldman Sachs. The rating was upgraded by Longbow on Thursday, January 19 to “Buy”. The stock has “Neutral” rating by Seaport Global on Thursday, April 6. The stock of Cummins Inc. (NYSE:CMI) has “Buy” rating given on Friday, August 21 by Standpoint Research. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, April 13. The firm has “Hold” rating by Deutsche Bank given on Tuesday, September 22. The firm has “Hold” rating given on Monday, September 11 by Piper Jaffray.

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