Cummins Inc’s (NYSE:CMI) Sentiment is 1.18

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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 is negative, as 365 active investment managers started new and increased holdings, while 309 sold and decreased stakes in Cummins Inc. The active investment managers in our partner’s database now have: 125.27 million shares, up from 123.87 million shares in 2019Q1. Also, the number of active investment managers 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 rating was maintained by Stifel Nicolaus on Wednesday, May 1 with “Buy”. As per Wednesday, May 1, the company rating was maintained by UBS. The rating was maintained by Buckingham Research on Tuesday, April 16 with “Neutral”. On Friday, May 31 the stock rating was downgraded by Evercore to “In-Line”. The rating was downgraded by Loop Capital on Tuesday, July 2 to “Sell”. The firm has “Equal-Weight” rating given on Wednesday, July 31 by Morgan Stanley.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Fool.com which released: “4 Top Industrial Stocks to Watch in September – Motley Fool” on September 05, 2019, also Finance.Yahoo.com with their article: “What Should You Know About Cummins Inc.’s (NYSE:CMI) Future? – Yahoo Finance” published on July 29, 2019, Fool.com published: “Why Mining Stock Prices Crashed in August – The Motley Fool” on September 07, 2019. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Finance.Yahoo.com and their article: “With EPS Growth And More, Cummins (NYSE:CMI) Is Interesting – Yahoo Finance” published on July 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “These Fundamentals Make Cummins Inc. (NYSE:CMI) Truly Worth Looking At – Yahoo Finance” with publication date: July 26, 2019.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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