Cummins Inc (NYSE:CMI) 2019 Q2 Sentiment

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Sentiment for Cummins Inc (NYSE:CMI)

Cummins Inc (NYSE:CMI) institutional sentiment decreased to 1.18 in 2019 Q2. Its down -0.26, from 1.44 in 2019Q1. The ratio dived, as 365 investment professionals opened new or increased holdings, while 309 decreased and sold their stock positions in Cummins Inc. The investment professionals in our partner’s database now have: 125.27 million shares, up from 123.87 million shares in 2019Q1. Also, the number of investment professionals holding Cummins Inc in their top 10 holdings increased from 8 to 10 for an increase of 2. Sold All: 38 Reduced: 271 Increased: 260 New Position: 105.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $26.05 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 10.08 P/E ratio. 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.

The stock increased 0.04% or $0.06 during the last trading session, reaching $165.11. About 909,032 shares traded. Cummins Inc. (NYSE:CMI) has risen 19.52% since September 13, 2018 and is uptrending. It has outperformed by 19.52% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on October, 29. They expect $3.84 EPS, down 5.19 % or $0.21 from last year’s $4.05 per share. CMI’s profit will be $605.90 million for 10.75 P/E if the $3.84 EPS becomes a reality. After $4.27 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -10.07 % negative EPS growth.

Cincinnati Casualty Co holds 6.06% of its portfolio in Cummins Inc. for 46,000 shares. Marshfield Associates owns 510,267 shares or 5.6% of their US portfolio. Moreover, First Western Capital Management Co has 4.13% invested in the company for 1,814 shares. The Rhode Island-based Weybosset Research & Management Llc has invested 4.09% in the stock. Kessler Investment Group Llc, a Indiana-based fund reported 20,074 shares.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Ratings analysis reveals 17% of Cummins’s analysts are positive. Out of 6 Wall Street analysts rating Cummins, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13500 while the high is $18300. The stock’s average target of $161 is -2.49% below today’s ($165.11) share price. CMI was included in 11 notes of analysts from March 19, 2019. The firm has “Sell” rating by Loop Capital given on Tuesday, July 2. As per Friday, May 31, the company rating was downgraded by Evercore. The firm earned “Neutral” rating on Tuesday, April 16 by Buckingham Research. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, May 1. UBS maintained Cummins Inc. (NYSE:CMI) rating on Wednesday, May 1. UBS has “Sell” rating and $13500 target. Morgan Stanley maintained Cummins Inc. (NYSE:CMI) rating on Wednesday, July 31. Morgan Stanley has “Equal-Weight” rating and $16200 target.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Seekingalpha.com which released: “Rich Freeland President and COO of Cummins to retire – Seeking Alpha” on August 21, 2019, also Finance.Yahoo.com with their article: “These Fundamentals Make Cummins Inc. (NYSE:CMI) Truly Worth Looking At – Yahoo Finance” published on July 26, 2019, Finance.Yahoo.com published: “What Should You Know About Cummins Inc.’s (NYSE:CMI) Future? – Yahoo Finance” on July 29, 2019. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Finance.Yahoo.com and their article: “Is Cummins Inc.’s (NYSE:CMI) CEO Paid Enough Relative To Peers? – Yahoo Finance” published on September 02, 2019 as well as Finance.Yahoo.com‘s news article titled: “At US$161, Is It Time To Put Cummins Inc. (NYSE:CMI) On Your Watch List? – Yahoo Finance” with publication date: May 16, 2019.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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