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AEGON ASSET MANAGEMENT UK Plc Acquires 20,219 Shares of Cummins Inc. $CMI
AEGON ASSET MANAGEMENT UK Plc increased its stake in Cummins Inc. (NYSE:CMI) by 11.0% in the fourth quarter, purchasing an additional 20,219 shares to own a total of 203,604 shares valued at $103,917,000. Other institutional investors also adjusted their positions in Cummins, with significant increases from Vanguard Group Inc., Fisher Asset Management LLC, and Bank of New York Mellon Corp. Cummins recently reported strong earnings, topping analyst estimates, and announced a quarterly dividend of $2.00 per share, while analysts have set an average “Moderate Buy” rating with a target price of $600.27.