Cummins Inc. (NYSE:CMI) has recently experienced a flurry of activity among shareholders and institutional investors. While some investors like Spinnaker Trust and IFM Investors Pty Ltd have increased their stock positions, firms such as Novare Capital Management LLC and Balefire LLC have trimmed their holdings. Industry observers have highlighted that the companyβs shares could be 37% below their intrinsic value, shedding doubt on Cumminsβs current price-to-earnings ratio. Despite this, the company is being touted as a hidden gem in the engine of global growth. Recently, Cummins has unveiled an industry-first by launching hydrogen internal combustion engine turbochargers for on-highway applications, strengthening its commitment to renewable power. However, the company has also attracted scrutiny, with Bronstein, Gewirtz & Grossman, LLC encouraging shareholders to connect for an ongoing investigation. Amidst these highs and lows, Cummins has reported a decline in sales and net income in its latest earnings report, leading to uncertainty over tariffs and causing the engine maker to withdraw its 2025 financial forecast.
Cummins CMI News Analytics from Wed, 05 Mar 2025 08:00:00 GMT to Sat, 05 Jul 2025 13:40:30 GMT -
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- Rumor -5