Hm Payson & Company Increased Its Stake in Cummins INC (CMI) by $4.74 Million

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 stakes while 74 funds bought stakes. Funds hold 125.38 million shares thus 2.32% less from 2018Q1’s 128.35 million shares. Murphy Pohlad Asset Management Ltd Company, a Minnesota-based fund reported 18,015 shs. Mengis Cap Mngmt Inc, a Oregon-based fund reported 2,650 shs. Sun Life Fin accumulated 420 shs or 0.01% of the stock. First Western Capital Com stated it has 2.41% in Cummins Inc. (NYSE:CMI). Federated Invsts Inc Pa holds 160,472 shs or 0.06% of its capital. Aviance Mgmt Ltd Company holds 0.08% or 6,384 shs in its capital. Cypress Capital Group Inc holds 0.1% or 3,591 shs. Prio Wealth Partnership invested in 2,052 shs. First Eagle Investment Management holds 0.64% of its capital in Cummins Inc. (NYSE:CMI) for 1.97M shs. Moody Retail Bank Tru Division holds 3,660 shs. Boston Private Wealth Ltd Liability stated it has 0.11% in Cummins Inc. (NYSE:CMI). Penobscot Inv Management Com holds 0.09% or 2,835 shs in its capital. 71,625 were accumulated by St Germain D J Company. Retirement Systems Of Alabama accumulated 0.07% or 111,989 shs. Nelson Van Denburg And Campbell Wealth Mgmt Gp Ltd Co owns 1,462 shs.

CMI had 7 insider sales and 0 insider purchases since October 2, 2018. This’s net activity of $4.06 million. On Tuesday, October 2 4,503 shs were sold by Ward Pat, worth $670,618. Cook Jill E sold $796,050 worth of stock or 5,307 shs. On Monday, October 8 Shares for $2.20 million were sold by ROSE MARYA M. HERMAN ALEXIS M had sold 775 shs worth $111,321 on Monday, November 5. Smith Mark Andrew sold 501 shs worth $76,788. Satterthwaite Tony had sold 830 shs worth $117,533.

Hm Payson & Company’s stake in Cummins Inc (CMI) is upped by 26.5% based on its latest 2018Q2 regulatory filing with the SEC. By buying 35,666 shares Hm Payson & Company made the stock popped up with 0.36%. At the end of 2018Q2, the 170,239 shares of the industrial machinery and components company held by the institutional investor were valued at $22.64M, up from 134,573 at the end of the previous reported quarter. Cummins Inc has $22.18 billion market cap. CMI is hitting $138.6 during the last trading session, after decreased 2.59%.Currently Cummins Inc. is downtrending after 14.16% change in last December 8, 2017. CMI has also 1.33 million shares volume. CMI underperformed by 29.78% the S&P500.

According to a filing Hm Payson & Company decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 142,824 shares to 312,401 shares, valued at $17.53M in 2018Q2. The fund manages about $2.21 billion and $2.34 billion US Long portfolio. Hm Payson & Company has cut its stake in Abbott Laboratories (NYSE:ABT) and also reduced its holding in Vanguard Dividend Apprec Idx Etf (VIG) by 82,649 shares in the quarter, for a total of 78,229 shares.

For more Cummins Inc. (NYSE:CMI) news released recently go to: Gurufocus.com, Seekingalpha.com, Globenewswire.com, Marketwatch.com or Seekingalpha.com. The titles are as follows: “Price Drops Are Making This Company More Attractive – GuruFocus.com” released on December 07, 2018, “How To Play The G20 Summit? – Cramer’s Mad Money (12/3/18) – Seeking Alpha” on December 04, 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, “Cummins CEO hopes 90-day trade truce with China helps end ‘tariffs and carpet bombing’ – MarketWatch” 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 Monday, September 10 the rating was maintained by Stifel Nicolaus with “Buy”. On Monday, June 18 Standpoint Research upgraded Cummins Inc. (NYSE:CMI) to “Buy” rating. In Wednesday, October 31 report JP Morgan upgraded it to “Neutral” rating and $147 target. On Wednesday, October 31 Robert W. Baird upgraded Cummins Inc. (NYSE:CMI) to “Neutral” rating. In Monday, June 25 report Citigroup maintained the stock with “Neutral” rating. The stock rating was maintained by Wells Fargo with “Market Perform” on Wednesday, October 31. In Tuesday, October 9 report Bank of America maintained the stock with “Neutral” rating. On Wednesday, August 1 the stock has “Outperform” rating by Credit Suisse. On Wednesday, August 1 the firm earned “Neutral” rating by Bank of America. On Wednesday, October 10 the firm earned “Buy” rating by Stifel Nicolaus.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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