Cummins Inc. (CMI) has been the subject of much financial news recently. Amidst investigations initiated by the former Louisiana Attorney General into the officers and directors of Cummins, Wesbanco Bank Inc. holds a stock position worth $526,000 in the company. Cummins recently increased its dividend, creating speculation about investment potential. The Company's 2023-2024 sustainability progress report highlighted their commitment to diversity. However, Cummins' stock performance has had ups and downs, underperforming the market on several occasions. Important steps include the completion of the Atmus Filtration Technologies Inc. separation and modification of the price target to $349.00 by Truist Financial. Tony Satterthwaite announced retirement, yet the company's stock rose same day. Reports indicate that the Q2 Earnings and sales have exceeded estimates whilst Cummins raised its long-term financial targets. Accelera by Cummins, a subsidiary, was granted $75 Million for zero-emissions manufacturing by the Department of Energy. Cummins also increased its quarterly dividend to $1.82, eliciting potential investor interest. Despite some losses, Cummins continues to outperform the market. It has reported strong Q2 2024 results and moves to strong buy category with rationale behind the upgrade.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sat, 10 Aug 2024 21:05:33 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -4
