Crystal Rock Capital Management Has Trimmed Holding in Cummins INC (CMI) as Stock Value Rose

November 7, 2017 - By Jacob Falcon

Investors sentiment increased to 1.01 in Q2 2017. Its up 0.09, from 0.92 in 2017Q1. It improved, as 49 investors sold CMI shares while 269 reduced holdings. 90 funds opened positions while 231 raised stakes. 130.61 million shares or 1.43% more from 128.77 million shares in 2017Q1 were reported. Whalerock Point Prtn Ltd Liability Corp accumulated 1,372 shares. Cadence Mngmt Limited Co has invested 0.3% in Cummins Inc. (NYSE:CMI). Parkside Comml Bank & Trust stated it has 0.02% of its portfolio in Cummins Inc. (NYSE:CMI). Loomis Sayles & LP stated it has 78,361 shares. Blb&B Advsr Ltd Limited Liability Company reported 4,763 shares. First Mercantile owns 1,481 shares for 0.04% of their portfolio. Profund Advsrs Lc stated it has 0.03% in Cummins Inc. (NYSE:CMI). Canandaigua Bancorp And Communications has invested 0.05% in Cummins Inc. (NYSE:CMI). Moreover, Chevy Chase Trust Hldgs has 0.1% invested in Cummins Inc. (NYSE:CMI). Robotti Robert invested in 1,765 shares. Quantbot Limited Partnership holds 0.31% of its portfolio in Cummins Inc. (NYSE:CMI) for 20,401 shares. Capstone Invest Advisors Lc reported 4,200 shares. Oskie Cap Mgmt Limited Liability has 12,000 shares for 2.01% of their portfolio. Dynamic Cap stated it has 5,623 shares. First Fin In holds 0.04% of its portfolio in Cummins Inc. (NYSE:CMI) for 393 shares.

Since May 10, 2017, it had 0 insider purchases, and 3 selling transactions for $2.73 million activity. Another trade for 1,086 shares valued at $169,527 was sold by NELSON GEORGIA R. The insider Ward Pat sold $2.30 million. $206,911 worth of Cummins Inc. (NYSE:CMI) was sold by HERMAN ALEXIS M.

Crystal Rock Capital Management decreased its stake in Cummins Inc (CMI) by 86.22% based on its latest 2017Q2 regulatory filing with the SEC. Crystal Rock Capital Management sold 26,168 shares as the company’s stock rose 1.30% with the market. The institutional investor held 4,182 shares of the industrial machinery and components company at the end of 2017Q2, valued at $678,000, down from 30,350 at the end of the previous reported quarter. Crystal Rock Capital Management who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $28.59 billion market cap company. The stock declined 0.19% or $0.33 reaching $172.24 per share. About 418,624 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since November 7, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Businesswire.com which released: “Cummins Announces Acquisition of Energy Storage Technology” on October 16, 2017, also Seekingalpha.com with their article: “Cummins’ (CMI) CEO Tom Linebarger on Q3 2017 Results – Earnings Call Transcript” published on October 31, 2017, Seekingalpha.com published: “More on Cummins’ Q3” on October 31, 2017. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Nasdaq.com and their article: “Boston Partners Buys DowDuPont Inc, Cummins Inc, KeyCorp, Sells Brunswick Corp …” published on November 02, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Cummins Inc., 44.4% Follow-Through Indicator, 3.9 …” with publication date: October 28, 2017.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 26 analysts covering Cummins (NYSE:CMI), 6 have Buy rating, 3 Sell and 17 Hold. Therefore 23% are positive. Cummins had 85 analyst reports since July 22, 2015 according to SRatingsIntel. Robert W. Baird downgraded the shares of CMI in report on Wednesday, October 28 to “Neutral” rating. The firm earned “Buy” rating on Friday, September 30 by CLSA. The rating was downgraded by Deutsche Bank on Tuesday, September 22 to “Hold”. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Wednesday, September 6 by Jefferies. Stifel Nicolaus maintained the shares of CMI in report on Thursday, April 13 with “Hold” rating. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Monday, July 17 by Stifel Nicolaus. Bank of America upgraded Cummins Inc. (NYSE:CMI) on Monday, April 18 to “Neutral” rating. The stock of Cummins Inc. (NYSE:CMI) has “Underweight” rating given on Wednesday, October 28 by Barclays Capital. The company was maintained on Tuesday, September 5 by Robert W. Baird. On Monday, January 25 the stock rating was downgraded by Citigroup to “Neutral”.

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