St Germain D J Co INC Stake in Cummins INC (CMI) Decreased by $4.85 Million

May 16, 2018 - By Margaret Guttierez

Cummins Inc. (NYSE:CMI) Corporate LogoBig Money Sentiment increased to 1.27 in Q4 2017. It has change of 0.17, from 2017Q3’s 1.1. The ratio increased due to CMI positioning: 47 sold and 251 reduced. 108 funds took stakes and 271 increased stakes. Investors holded 132.23 million in 2017Q3 but now own 131.82 million shares or 0.31% less. Beese Fulmer Invest Management invested in 33,035 shs. Murphy Pohlad Asset Management Limited Liability Com, Minnesota-based fund reported 12,215 shs. Td Asset Mngmt holds 0.07% or 259,636 shs in its capital. Kepos Cap LP holds 0.37% or 23,344 shs in its capital. Kbc Grp Inc Nv holds 139,459 shs. Texas Permanent School Fund, Texas-based fund reported 42,590 shs. Capital One Natl Association holds 0.45% or 37,380 shs in its capital. Advisor Prns Limited Liability Corp accumulated 3,596 shs. St Germain D J Incorporated invested in 1.4% or 66,285 shs. Millennium Mngmt Limited Co accumulated 382,360 shs or 0.09% of the stock. Boston Common Asset Management Ltd Llc reported 0.75% in Cummins Inc. (NYSE:CMI). Liberty Mutual Gp Asset Mgmt holds 6,280 shs or 0.03% of its capital. Natixis invested in 0.01% or 5,329 shs. Bailard holds 16,998 shs. Hyman Charles D stated it has 1,400 shs.

In Cummins Inc (CMI) was reduced the stake owned by St Germain D J Co Inc. The decrease is 29.35% according to 2017Q4 Securities and Exchange filling. 27,532 shares were sold by St Germain D J Co Inc as the company’s stock declined 9.68% with the market. The industrial machinery and components company announced $11.71 million value for the 2017Q4. Now the institutional investor is holding 66,285 shares, compared to the 93,817 from the previous quarter. Cummins Inc has $24.13B MC. The stock increased 0.30% or $0.44 during the last trading session, hitting $146.88.Currently Cummins Inc. is uptrending after 6.07% change in last May 16, 2017. CMI has 749,234 shares volume. CMI underperformed by 5.48% the S&P 500.

St Germain D J Co Inc operates about $1.01 billion and $837.30M US Long portfolio. According to a filing the fund increased its stake in Rayonier Inc (NYSE:RYN) by 100,025 shares to 357,780 shares, valued at $11.32M in 2017Q4. For a total of 175,675 shares it increased its holding in General Mills Inc (NYSE:GIS) by 90,138 shares in the quarter, and has risen its stake in Ishares Tr S&P U S Pfd Stock I (PFF).

Cummins Inc. (NYSE:CMI)’s quarterly earnings will be revealed on August, 7., according to Zacks. Analysts predict 41.90 % diference or $3.59 from the $2.53 EPS from 2017. CMI’s profit could reach $589.73 million if the current EPS of $3.59 is accurate. Last quarter $3.30 EPS was reported. Analysts predicts 8.79 % EPS growth this quarter.

More recent Cummins Inc. (NYSE:CMI) news were announced by Seekingalpha.com, Seekingalpha.com and Benzinga.com. The first one has “Cummins Inc. 2018 Q1 – Results – Earnings Call Slides” as a title and was announced on May 01, 2018. The next is “Cummins: This Dividend Stock Is On Sale” on May 06, 2018. And last was announced on May 02, 2018, called “Analyst: Cummins’ Earnings Visibility Clouded By Overhang, Peaking End Markets”.

Cummins Inc. (NYSE:CMI) Ratings Coverage

In total 18 analysts cover Cummins (NYSE:CMI). “Buy” rating has 2, “Sell” are 2, while 14 are “Hold”. (NYSE:CMI) has 11% bullish analysts. 29 are the (NYSE:CMI)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Thursday, May 3 the firm earned “Market Perform” rating by BMO Capital Markets. On Friday, May 4 the stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by Citigroup. On Wednesday, May 2 the firm has “Outperform” rating given by Credit Suisse. On Tuesday, December 12 the stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given by Barclays Capital. On Thursday, February 22 the stock of Cummins Inc. (NYSE:CMI) has “Buy” rating given by Wells Fargo. On Thursday, February 8 the firm has “Hold” rating by RBC Capital Markets given. On Wednesday, May 2 the firm has “Market Perform” rating given by Wells Fargo. On Tuesday, April 10 the firm has “Neutral” rating given by JP Morgan. On Friday, January 19 the firm earned “Buy” rating by Bank of America. On Tuesday, February 6 the firm earned “Sell” rating by Robert W. Baird.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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