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Wednesday, February 8, 2023

Cummins Inc. (CMI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cummins Inc. (CMI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.34, or 0.14%, to $241.71. The Cummins Inc. has recorded 83,671 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cummins TEC Opens Second Training Program in Nigeria.

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Stocks Info

Cummins Inc. is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $241.37 and fluctuated between $250.23 as its day high and $240.98 as its day low. The current market capitalization of Cummins Inc. is $33.69B. A total of 1.02 million shares were traded on the day, compared to an average of 937.09K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CMI has seen 22 BUY and 28 SELL insider trades, representing the acquisition of 160,685 and the disposition of 181,802 shares. Over the last 12 months, there were 88 BUYs and 86 SELLs from insiders. Insiders purchased 327,646 shares during that period but sold 304,447.

In the most recent transaction, ChangDiaz Franklin R sold 3,200 shares of CMI for 249.34 per share on Nov 16. After the transaction, the Director now owns 1,642 company shares. In a previous transaction on Nov 16, Di Leo Allen Bruno V sold 950 shares at 250.30 per share. CMI shares that Director owns now total 7,431.

Among the insiders who sold shares, LINEBARGER NORMAN THOMAS disposed of 54,809 shares on Nov 14 at a per-share price of $250.21. This resulted in the Chairman & Executive Chairman holding 137,338 shares of CMI after the transaction. In another insider transaction, Satterthwaite Tony sold 7,610 shares at $250.06 per share on Nov 14. Company shares held by the Senior Vice President now total 59,276.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cummins Inc. pays an annual dividend of $6.28, resulting in a dividend yield of 2.60%, and it has a price to earnings (P/E) ratio of 17.99. CMI’s most recent ex-dividend date was 11/17/2022 when it declared a $1.57 quarterly dividend that was paid in cash on 12/1/2022. Previously, the company paid the dividend on 9/1/2022 with an ex-dividend date of 8/18/2022. The CMI stock dividend was $1.57 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CMI in the last 3 months, the mean price target is $260.16 with high estimates of $303.90 and low estimates of $216.00. In terms of 52-week highs and lows, CMI has a high of $254.47 and a low of $184.27.

As of this writing, CMI has an earnings estimate of $4.85 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $5.06 per share and a lower estimate of $4.62. The company reported an EPS of $2.92 in the last quarter, which was -18.00% lower than expectations of $3.56.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMI is Sell with a score of 3.62. A total of 10 analysts rated the stock as Buy while 0 rated it as Overweight while 16 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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