Recent reports show that many investors, including Quadrature Capital Ltd and Wedmont Private Capital, have been acquiring shares of Cummins Inc. (CMI). The industrials manufacturer has been upgraded to a Strong Buy in market analyses, despite a recent slight dip in Q4 earnings. Crucially, the company has successfully completed the separation of Atmus Filtration Technologies Inc., leading to a positive trading debut for the offshoot. Expert assessments predict good things, with some suggesting CMI could be a great choice for investment, outperforming many other Auto-Tires-Trucks stocks this year. The leadership team has raised financial expectations, prompting increased holdings from the likes of Fisher Asset Management LLC despite regulatory concerns leading to a fine under the Clean Air Act. Repercussions of this are already being felt, with the fine biting into the company’s Q4 earnings, and legal movements encouraging shareholder engagement in a securities fraud lawsuit. Despite these knocks, Cummins remains positive, raising $2.25 Billion in Senior Notes Offering as part of their ongoing commitment to diversifying their portfolio.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 16:33:03 GMT - Rating -2 - Innovation 7 - Information 5 - Rumor -5
