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Cummins Inc. $CMI Position Lessened by PFG Advisors
PFG Advisors significantly reduced its holdings in Cummins Inc. (NYSE:CMI) by 40.2% in the fourth quarter, selling 4,105 shares and now owning 6,112 shares valued at $3.12 million. Despite this, Cummins exceeded quarterly estimates with EPS of $5.81 and revenue of $8.54 billion, leading most Wall Street analysts to maintain a bullish outlook with an average price target of $600.27. However, insider selling has also been noted, with corporate insiders decreasing their ownership to 0.30% after selling shares worth approximately $18.4 million in the last three months.