Cummins Inc. (CMI) has had an eventful time lately. Notable activities include insider selling, high-profile retirements, and significant stock purchases and sales by various companies and wealth management firms. Several financial firms reiterated their 'buy' rating on the company, and it has also increased its dividend, offering a potential investment opportunity. Recently, Cummins has secured a $75 million grant from the Department of Energy for zero-emissions manufacturing, highlighting its focus on sustainability and emission reductions. The company completed the full separation of Atmus Filtration Technologies Inc. and launched innovative next generation X15 diesel engine as part of Cummins HELM™ 15-liter fuel agnostic platform. Further, Cummins announced a regulatory proceeding settlement related to its emission certification and compliance process for pick-up trucks. It delivered strong Q2 numbers and surpassed EPS estimates with strategic gains, attracting investors' attention. However, Cummins also faced an investigation initiated by a former Louisiana Attorney General, and received a hefty fine for emissions-rigging.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 25 Aug 2024 16:09:53 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
