Advisors Asset Management Inc. Acquires 3,083 Shares of Cummins Inc. $CMI

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Advisors Asset Management Inc. increased its stake in Cummins Inc. by 7.6% during the third quarter, acquiring an additional 3,083 shares to hold a total of 43,882 shares valued at approximately $18.53 million. Cummins recently reported strong quarterly earnings, beating analyst estimates with an EPS of $5.81 and revenue of $8.54 billion, and announced a quarterly dividend of $2.00. Analysts currently rate Cummins as a “Moderate Buy” with a consensus price target of $588.93, while institutional investors hold 83.46% of the stock.

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