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Cummins (NYSE:CMI)’s share price hit a new 52-week high on Monday , Analyst Ratings.Net reports. The company traded as high as $148.60 and last traded at $146.89, with a volume of 1,887,172 shares traded. The stock had previously closed at $142.83.

Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Cummins from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at ISI Group upgraded shares of Cummins from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $161.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Cummins in a research note on Thursday. They set a “buy” rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $142.80.

The stock’s 50-day moving average is $135.1 and its 200-day moving average is $132.3. The company has a market cap of $27.070 billion and a P/E ratio of 18.06.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.34. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Cummins will post $8.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Friday, February 21st will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, February 19th.

In other Cummins news, VP John Wall sold 5,500 shares of Cummins stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $142.61, for a total transaction of $784,355.00. Following the completion of the sale, the vice president now directly owns 24,059 shares of the company’s stock, valued at approximately $3,431,054. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cummins Inc is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power.

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