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Ledyard National Bank Has Increased Cummins (CMI) Holding by $4.76 Million; As Helmerich & Payne (HP) Stock Value Declined, Holder Signalpoint Asset Management Has Decreased Its Stake

Cummins Inc. (NYSE:CMI) Logo

Ledyard National Bank increased its stake in Cummins Inc (CMI) by 1689.43% based on its latest 2018Q3 regulatory filing with the SEC. Ledyard National Bank bought 32,606 shares as the company’s stock declined 4.30% with the market. The institutional investor held 34,536 shares of the industrial machinery and components company at the end of 2018Q3, valued at $5.05M, up from 1,930 at the end of the previous reported quarter. Ledyard National Bank who had been investing in Cummins Inc for a number of months, seems to be bullish on the $22.29B market cap company. The stock decreased 0.22% or $0.31 during the last trading session, reaching $139.23. About 387,799 shares traded. Cummins Inc. (NYSE:CMI) has declined 19.50% since January 14, 2018 and is downtrending. It has underperformed by 19.50% the S&P500. Some Historical CMI News: 19/04/2018 – Cummins Presenting at Wells Fargo Industrials Conference May 9; 01/05/2018 – Cummins Posts $187M Pretax Charge in 1Q for Expected Costs of Campaign; 22/04/2018 – DJ Cummins Inc, Inst Holders, 1Q 2018 (CMI); 01/05/2018 – CUMMINS 1Q EPS $1.96; 16/05/2018 – Diversified Manufacturer Wabash National Corporation Appoints New General Counsel; 22/03/2018 – Cricket-Elgar scores unbeaten ton but Cummins makes it Australia’s day; 24/05/2018 – BSE Mumbai Bourse: Results from KPIT Cummins Infosystems for Jan 01 to Mar 31; 22/05/2018 – Cummins Named A Top Company for Diversity for 12th Straight Year; 14/03/2018 – Allison Transmission receives certification from California Air Resources Board for model year 2018 hybrid-electric propulsion system paired with Cummins engines; 27/04/2018 – Wartsila, private equity among bidders for GE’s Jenbacher

Signalpoint Asset Management Llc decreased its stake in Helmerich & Payne Inc (HP) by 53.8% based on its latest 2018Q3 regulatory filing with the SEC. Signalpoint Asset Management Llc sold 5,842 shares as the company’s stock declined 6.55% with the market. The institutional investor held 5,016 shares of the energy company at the end of 2018Q3, valued at $345,000, down from 10,858 at the end of the previous reported quarter. Signalpoint Asset Management Llc who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $5.81B market cap company. The stock decreased 0.32% or $0.17 during the last trading session, reaching $53.26. About 362,127 shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 3.48% since January 14, 2018 and is uptrending. It has outperformed by 3.48% the S&P500. Some Historical HP News: 22/05/2018 – Helmerich & Payne at UBS Global Oil & Gas Conference Tomorrow; 26/04/2018 – HELMERICH & PAYNE EARNINGS CONFERENCE CALL BEGINS; 05/04/2018 – HELMERICH AND PAYNE INC – SMITH SHALL BE APPOINTED TO SUCCEED JUAN PABLO TARDIO AS CHIEF FINANCIAL OFFICER; 25/05/2018 – Helmerich & Payne Closes Below 50-Day Moving Average; 27/03/2018 – Helmerich & Payne Again Raises FY18 Capital Spending View; 26/04/2018 – HELMERICH AND PAYNE INC – ESTIMATE FOR GENERAL AND ADMINISTRATIVE EXPENSES FOR FISCAL 2018 IS NOW APPROXIMATELY $190 MLN; 28/03/2018 – HELMERICH INCREASED FISCAL ’18 CAPEX TO RANGE $400M TO $450M; 26/04/2018 – Helmerich & Payne Still Sees FY18 Capital Expenditures of Approximately $400M-$450M; 27/03/2018 – Helmerich & Payne: Higher Oil Prices Bode Well for Increasing Drilling Demand, Continuing Dayrate Improvement; 05/04/2018 – Helmerich & Payne Names Mark Smith CFO Designate, Effective May 1

Signalpoint Asset Management Llc, which manages about $488.43 million and $223.68 million US Long portfolio, upped its stake in Alibaba Holdings Ltd. Adr (NYSE:BABA) by 4,038 shares to 8,190 shares, valued at $1.35 million in 2018Q3, according to the filing. It also increased its holding in Bp Plc Adr (NYSE:BP) by 9,553 shares in the quarter, for a total of 15,367 shares, and has risen its stake in Conocophillips (NYSE:COP).

More notable recent Helmerich & Payne, Inc. (NYSE:HP) news were published by: Globenewswire.com which released: “Helmerich & Payne, Inc. Announces Final Results and Expiration of Exchange Offer and Consent Solicitation – GlobeNewswire” on December 19, 2018, also Seekingalpha.com with their article: “Reuters: IBM, HPE victims of Chinese hacking – Seeking Alpha” published on December 20, 2018, Seekingalpha.com published: “HP Inc.: 2019 Will Be A Banner Year – Seeking Alpha” on January 09, 2019. More interesting news about Helmerich & Payne, Inc. (NYSE:HP) were released by: Globenewswire.com and their article: “HP Opens CES 2019 with Stunning Displays, PCs, and Security Innovations – GlobeNewswire” published on January 07, 2019 as well as Seekingalpha.com‘s news article titled: “Dividend Champion Spotlight: Helmerich & Payne – Seeking Alpha” with publication date: December 19, 2018.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 24. They expect $0.30 EPS, up 1,600.00% or $0.32 from last year’s $-0.02 per share. HP’s profit will be $32.71 million for 44.38 P/E if the $0.30 EPS becomes a reality. After $0.19 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 57.89% EPS growth.

Among 37 analysts covering Helmerich & Payne (NYSE:HP), 15 have Buy rating, 4 Sell and 18 Hold. Therefore 41% are positive. Helmerich & Payne had 149 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Buy” rating given on Monday, June 13 by Bank of America. Citigroup maintained Helmerich & Payne, Inc. (NYSE:HP) on Wednesday, July 13 with “Neutral” rating. The rating was upgraded by Guggenheim on Monday, November 30 to “Buy”. The rating was maintained by BMO Capital Markets on Monday, January 15 with “Sell”. The stock has “Buy” rating by SunTrust on Monday, November 19. RBC Capital Markets maintained the shares of HP in report on Friday, September 8 with “Hold” rating. The firm has “Sector Perform” rating given on Monday, April 4 by iBERIA Capital Partners. The firm earned “Hold” rating on Thursday, September 7 by Piper Jaffray. The stock has “Neutral” rating by B. Riley & Co on Monday, April 30. On Thursday, September 15 the stock rating was upgraded by Argus Research to “Buy”.

Investors sentiment decreased to 0.95 in 2018 Q3. Its down 0.12, from 1.07 in 2018Q2. It dived, as 31 investors sold HP shares while 164 reduced holdings. 66 funds opened positions while 119 raised stakes. 95.20 million shares or 2.06% less from 97.20 million shares in 2018Q2 were reported. Manufacturers Life Insurance Com The invested 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Gradient Limited Liability Co reported 18 shares or 0% of all its holdings. Shell Asset Mngmt Com holds 7,983 shares. Synovus Fincl owns 739 shares for 0% of their portfolio. Boothbay Fund Mngmt Ltd Liability Corp invested 0.03% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Wellington Group Inc Llp has 28,219 shares for 0% of their portfolio. State Of Wisconsin Board reported 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Virginia Retirement Et Al has 127,200 shares. World Investors stated it has 0.09% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Meiji Yasuda Life Ins owns 8,690 shares. Adirondack holds 0.07% or 1,465 shares in its portfolio. Public Employees Retirement System Of Ohio holds 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 43,040 shares. Bb&T Limited Liability has invested 0.02% in Helmerich & Payne, Inc. (NYSE:HP). Captrust Fincl Advsr, North Carolina-based fund reported 171 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys invested in 0.01% or 8,940 shares.

Since September 14, 2018, it had 0 insider buys, and 4 sales for $4.03 million activity. LINDSAY JOHN W also sold $2.10M worth of Helmerich & Payne, Inc. (NYSE:HP) shares. Shares for $415,268 were sold by Lennox Michael on Tuesday, December 11. $736,573 worth of Helmerich & Payne, Inc. (NYSE:HP) shares were sold by MARSHALL CHAPMAN PAULA.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Fool.com which released: “What’s in Store for Caterpillar in 2019? – Motley Fool” on December 22, 2018, also Fool.com with their article: “Why Fluor Slumped in 2018 – The Motley Fool” published on January 12, 2019, Benzinga.com published: “Clean Energy Fuels Corp. (NASDAQ:CLNE), Cummins Inc. (NYSE:CMI) – Today’s Pickup: Port Operator Secures $1 Per Gallon Natural Gas Deal For New Trucks – Benzinga” on January 08, 2019. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Businesswire.com and their article: “Next Generation Cummins 6.7 Liter Turbo Diesel is First to Deliver 1000 Pound-Feet of Torque – Business Wire” published on January 14, 2019 as well as Seekingalpha.com‘s news article titled: “Cummins: Keep On Trucking With This Undervalued Stock – Seeking Alpha” with publication date: January 08, 2019.

Among 33 analysts covering Cummins (NYSE:CMI), 11 have Buy rating, 1 Sell and 21 Hold. Therefore 33% are positive. Cummins had 133 analyst reports since July 22, 2015 according to SRatingsIntel. UBS downgraded the shares of CMI in report on Tuesday, October 20 to “Neutral” rating. The firm earned “Neutral” rating on Friday, May 4 by Citigroup. Piper Jaffray maintained Cummins Inc. (NYSE:CMI) rating on Friday, December 8. Piper Jaffray has “Hold” rating and $175.0 target. The stock of Cummins Inc. (NYSE:CMI) earned “Overweight” rating by PiperJaffray on Thursday, October 4. The company was downgraded on Tuesday, September 22 by Deutsche Bank. Macquarie Research maintained Cummins Inc. (NYSE:CMI) rating on Friday, February 5. Macquarie Research has “Outperform” rating and $111 target. The firm has “Hold” rating given on Tuesday, December 12 by Barclays Capital. Deutsche Bank maintained the shares of CMI in report on Wednesday, November 11 with “Hold” rating. The stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by Robert W. Baird on Wednesday, October 31. Jefferies maintained Cummins Inc. (NYSE:CMI) on Thursday, September 1 with “Hold” rating.

Investors sentiment increased to 1.25 in 2018 Q3. Its up 0.34, from 0.91 in 2018Q2. It is positive, as 46 investors sold CMI shares while 243 reduced holdings. 111 funds opened positions while 249 raised stakes. 124.41 million shares or 0.77% less from 125.38 million shares in 2018Q2 were reported. Brinker holds 0.07% or 12,762 shares. Carroll Assoc reported 694 shares. Moreover, Schwerin Boyle Cap has 0.87% invested in Cummins Inc. (NYSE:CMI). Yorktown And Rech Com reported 5,000 shares stake. The -based Marshfield Associates has invested 4.95% in Cummins Inc. (NYSE:CMI). 1St Source Bankshares has invested 0.11% of its portfolio in Cummins Inc. (NYSE:CMI). Stephens Ar holds 0.11% of its portfolio in Cummins Inc. (NYSE:CMI) for 29,443 shares. Advisory Ser Networks Lc holds 0.1% of its portfolio in Cummins Inc. (NYSE:CMI) for 9,627 shares. Tocqueville Asset Management LP has invested 0.04% of its portfolio in Cummins Inc. (NYSE:CMI). Davy Asset accumulated 5,405 shares. Optimum Advsr owns 1,725 shares or 0.07% of their US portfolio. Cullen Frost Bankers, Texas-based fund reported 19,699 shares. 2,184 were accumulated by Motley Fool Asset Mgmt Ltd Llc. Ontario Teachers Pension Plan Board owns 0.04% invested in Cummins Inc. (NYSE:CMI) for 18,137 shares. Mackay Shields Lc stated it has 261,590 shares.

Since October 2, 2018, it had 0 insider buys, and 10 selling transactions for $9.61 million activity. The insider Smith Mark Andrew sold 501 shares worth $76,788. Satterthwaite Tony also sold $117,533 worth of Cummins Inc. (NYSE:CMI) shares. ROSE MARYA M also sold $2.20M worth of Cummins Inc. (NYSE:CMI) on Monday, October 8. Cook Jill E had sold 5,307 shares worth $796,050. HERMAN ALEXIS M sold 775 shares worth $111,321. 595 shares were sold by ChangDiaz Franklin R, worth $87,974 on Thursday, November 15.

Ledyard National Bank, which manages about $878.40M US Long portfolio, decreased its stake in Rockwell Automation Inc (NYSE:ROK) by 2,549 shares to 13,592 shares, valued at $2.55 million in 2018Q3, according to the filing. It also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 8,616 shares in the quarter, leaving it with 362,794 shares, and cut its stake in Edwards Lifesciences Corp (NYSE:EW).

Helmerich & Payne, Inc. (NYSE:HP) Institutional Positions Chart

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