Cummins INC (CMI) Shareholder Hm Payson & Company Increased Stake

Cummins Inc. (NYSE:CMI) Corporate LogoDuring Q2 2018 the big money sentiment increased to 0.91. That’s change of 0.01, from 2018Q1’s 0.9. 81 investors sold all, 257 reduced holdings as CMI ratio increased. 232 grew positions while 74 funds acquired positions. Funds hold 125.38 million shares thus 2.32% less from 2018Q1’s 128.35 million shares. Fulton Bank Na holds 0.13% or 14,400 shs. Daiwa Securities Grp Inc has 8,724 shs. Virginia Retirement Et Al holds 93,200 shs. 113,578 are held by Hightower Advsr Limited Liability Com. Shine Investment Advisory Services holds 0.02% or 313 shs. Sns Fincl Grp Limited Company reported 0.35% stake. Strs Ohio has invested 0.01% of its capital in Cummins Inc. (NYSE:CMI). Kbc Group Nv reported 111,679 shs. Mitsubishi Ufj & Banking invested 0.09% of its capital in Cummins Inc. (NYSE:CMI). Bbva Compass Fincl Bank holds 7,714 shs. Conning holds 1.14% of its capital in Cummins Inc. (NYSE:CMI) for 281,469 shs. Asset Mngmt One Communication holds 0.08% or 272,967 shs. 18,060 were reported by Macquarie Ltd. State Of New Jersey Common Pension Fund D holds 0.04% of its capital in Cummins Inc. (NYSE:CMI) for 70,000 shs. Afam Cap holds 0.77% of its capital in Cummins Inc. (NYSE:CMI) for 40,027 shs.

CMI registered $4.06 million net activity with 0 buys and 7 sales since October 2, 2018. HERMAN ALEXIS M sold $111,321 worth of Cummins Inc. (NYSE:CMI) on Monday, November 5. The insider Ward Pat sold 4,503 shs worth $670,618. $87,974 worth of Cummins Inc. (NYSE:CMI) was sold by ChangDiaz Franklin R. On Wednesday, October 3 a trade for 5,307 shs valued at $796,050 was made by Cook Jill E. Shares for $117,533 were sold by Satterthwaite Tony on Monday, November 5. $76,788 worth of stock was sold by Smith Mark Andrew on Tuesday, October 9.

The stake In Cummins Inc (CMI) was upped owned by Hm Payson & Company. According to 2018Q2 Securities and Exchange form the decrease is 26.5%. 35,666 shares were bought by Hm Payson & Company as the company’s stock rose 0.36% with the market. The industrial machinery and components company reported $22.64 million value for the 2018Q2. Now the institutional investor is holding 170,239 shares, compared to the 134,573 from the previous quarter. Cummins Inc has $22.18B market cap. CMI is hitting $138.6 during the last trading session, after decreased 2.59%.Cummins Inc. has volume of 1.33 million shares. Since December 8, 2017 CMI has declined 14.16% and is downtrending. CMI underperformed the S&P 500 by 29.78%.

The Hm Payson & Company’s stake in Facebook Inc (NASDAQ:FB) was reduced by 16,539 shares to 20,841 shares valued at $4.05M in 2018Q2, according to the filing. It manages about $2.21B and $2.34B US Long portfolio. Hm Payson & Company has cut its stake in Abbott Laboratories (NYSE:ABT) and also reduced its holding in Skyworks Solutions Inc (NASDAQ:SWKS) by 44,820 shares in the quarter, for a total of 63,853 shares.

For more Cummins Inc. (NYSE:CMI) news posted briefly go to: Marketwatch.com, Gurufocus.com, Globenewswire.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Cummins CEO hopes 90-day trade truce with China helps end ‘tariffs and carpet bombing’ – MarketWatch” posted on December 07, 2018, “Price Drops Are Making This Company More Attractive – GuruFocus.com” on December 07, 2018, “Detailed Research: Economic Perspectives on American Tower Corporation (REIT), Ligand Pharmaceuticals, Teva Pharmaceutical Industries, Cummins, Alexander’s, and Korea Electric Power — What Drives Growth in Today’s Competitive Landscape – GlobeNewswire” with a publish date: November 29, 2018, “How To Play The G20 Summit? – Cramer’s Mad Money (12/3/18) – Seeking Alpha” and the last “Class 8 truck orders fall in November – Seeking Alpha” with publication date: December 05, 2018.

Cummins Inc. (NYSE:CMI) Ratings Coverage

A total of 11 analysts rate Cummins (NYSE:CMI) as follows: 5 “Buy”, 6 “Hold” and 0 “Sell”. Тherefore 45% are bullish. (NYSE:CMI) has 17 ratings reports on 8 Dec 2018 according to StockzIntelligence. On Wednesday, October 10 Stifel Nicolaus maintained Cummins Inc. (NYSE:CMI) with “Buy” rating. In Thursday, October 4 report PiperJaffray upgraded the stock to “Overweight” rating. On Monday, June 25 Citigroup maintained the shares of CMI in report with “Neutral” rating. The stock rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 1. On Wednesday, October 31 the firm earned “Neutral” rating by Robert W. Baird. On Wednesday, August 1 the stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by Bank of America. On Wednesday, October 31 JP Morgan upgraded Cummins Inc. (NYSE:CMI) rating. JP Morgan has “Neutral” rating and $147 target. On Tuesday, October 9 Bank of America maintained Cummins Inc. (NYSE:CMI) rating. Bank of America has “Neutral” rating and $160 target. On Friday, August 24 JP Morgan downgraded the shares of CMI in report to “Underweight” rating. On Wednesday, October 31 Wells Fargo maintained the shares of CMI in report with “Market Perform” rating.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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