Cummins Inc.

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Bullish +65

Apollon Wealth Management LLC Raises Holdings in Cummins Inc. $CMI - MarketBeat

AI-generated analysis

πŸ“ˆ Apollon Wealth Management increased its Cummins stake by 16.5% in Q1, buying 2,294 shares for a total holding value of $8.7 million.

πŸ’° Cummins reported quarterly EPS of $6.15, beating the $5.63 consensus estimate, with revenue reaching $8.40 billion versus an $8.37 billion expectation.

πŸ“Š Analyst sentiment is constructive with an average price target of $731.86 and a Moderate Buy rating from Wall Street firms.

πŸ’΅ The company paid a quarterly dividend of $2.00 per share, resulting in an annualized dividend yield of 1.2%.

🏦 Institutional ownership stands at 83.46%, indicating strong confidence from major investment funds.

πŸ“‰ Insider selling activity occurred recently with executives disposing of shares totaling $9.38 million over the last 90 days.

πŸš€ Evercore reissued an 'outperform' rating and set a high price objective of $845.00 on Cummins stock.

πŸ“ˆ Barclays raised its price target to $760.00 and upgraded its rating to 'overweight' for the company.

πŸ“‰ Morgan Stanley boosted its price objective to $752.00 while maintaining an 'overweight' rating on CMI shares.

πŸ“Š Cummins trades with a market cap of $95.28 billion and a P/E ratio of 35.83 as of the latest data.

Bullish Signals
  • Cummins delivered better-than-expected quarterly results with EPS of $6.15 beating the consensus estimate of $5.63.
  • Revenue of $8.40 billion slightly exceeded analyst estimates, demonstrating solid top-line growth.
  • Apollon Wealth Management increased its position by 16.5%, signaling institutional confidence in the stock.
  • Multiple major brokerages including Evercore, Barclays, and Morgan Stanley raised their price targets on CMI.
  • The company maintains a Moderate Buy rating with an average analyst price target of $731.86.
  • Cummins paid a quarterly dividend of $2.00 per share, providing income to shareholders.
Risk Factors
  • Company insiders sold a significant amount of stock recently, with executives disposing of shares valued at over $9 million in the last 90 days.
  • Insider ownership is low at only 0.30%, which may indicate limited alignment between management and shareholders.
Full Analysis
Apollon Wealth Management LLC increased its stake in Cummins Inc. (NYSE: CMI) by 16.5% during the first quarter, purchasing an additional 2,294 shares to bring total holdings to 16,183 shares valued at approximately $8.7 million. This move follows Cummins' recent quarterly earnings report, which showed better-than-expected performance with EPS of $6.15 against a consensus of $5.63 and revenue of $8.40 billion slightly exceeding estimates. Analyst sentiment remains constructive for the company, with several major firms raising price targets and maintaining buy ratings. The average analyst price target stands at $731.86, while Evercore set an objective of $845.00 and Barclays raised its target to $760.00. Cummins also recently paid a quarterly dividend of $2.00 per share, representing an annualized yield of 1.2%. Institutional ownership remains high at 83.46%, though recent insider activity shows executives selling shares. Over the last 90 days, insiders sold approximately 13,579 shares valued at $9.38 million. Despite these sales, the company maintains a moderate buy rating with a market capitalization of $95.28 billion and a P/E ratio of 35.83.