Cummins Inc. (CMI) is seeing considerable activity in its shares, with notable acquisitions by J.W. Cole Advisors Inc., Norden Group LLC, and others. However, multiple entities like Sequoia Financial Advisors LLC and Maryland State Retirement & Pension System have sold significant portions of their holdings. Cummins has finalized the separate trade of
Atmus Filtration Technologies Inc., with a final exchange ratio of 12.0298. The company has also been diversifying into
hydrogen and electric solutions for commercial vehicles. CMI's
long-term financial targets have been recently updated, however, it's
Q1 earnings have missed expectations. Notwithstanding, strategic gains allowed Q1 2024 earnings to surpass EPS estimates. The company recently signed a million square foot lease with Mohr Logistics Park, and emitted plans to escalate financial expectations at analyst meeting. Despite a price cut to $315.00 by Truist Financial, Cummins has outperformed other auto-tires-trucks stocks this year. The
stock's nosedive in recent times should not overshadow its potential as a high-growth dividend option. Lastly, Cummins had to agree in principle to settle regulatory proceedings concerning its emissions certification.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 07 Jul 2024 12:19:30 GMT -
Rating 0
- Innovation -5
- Information 7
- Rumor -2
