Rhumbline Advisers increased its stake in Cummins Inc. (NYSE:CMI) by 3.5% in the third quarter, purchasing an additional 9,451 shares to own a total of 281,601 shares valued at $118.94 million. Other institutional investors also adjusted their holdings, and insider Brett Michael Merritt sold 1,450 shares. Wall Street analysts have issued a “Moderate Buy” consensus rating for Cummins, with a consensus price target of $588.93.
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Rhumbline Advisers Purchases 9,451 Shares of Cummins Inc. $CMI
Rhumbline Advisers increased its stake in Cummins Inc. (NYSE:CMI) by 3.5% in the third quarter, purchasing an additional 9,451 shares to own a total of 281,601 shares valued at $118.94 million. Other institutional investors also adjusted their holdings, and insider Brett Michael Merritt sold 1,450 shares. Wall Street analysts have issued a “Moderate Buy” consensus rating for Cummins, with a consensus price target of $588.93.