After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc..
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Stocks Info
Cummins Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $261.84 and fluctuated between $266.64 as its day high and $261.70 as its day low. The current market capitalization of Cummins Inc. is $37.14B. A total of 1.86 million shares were traded on the day, compared to an average of 916.95K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CMI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 29 SELLs from insiders. Insiders purchased 67,044 shares during that period but sold 25,831.
In the most recent transaction, Peters Luther E sold 5,225 shares of CMI for 267.60 per share on Feb 16. After the transaction, the VP – Corporate Controller now owns 5,708 company shares. In a previous transaction on Feb 16, Smith Mark Andrew sold 4,468 shares at 268.47 per share. CMI shares that VP – Chief Financial Officer owns now total 16,875.
Among the insiders who sold shares, Aaholm Sherry A disposed of 2,490 shares on Feb 16 at a per-share price of $267.35. This resulted in the VP – Chief Digital Officer holding 7,883 shares of CMI after the transaction. In another insider transaction, Barner Sharon R sold 1,400 shares at $269.05 per share on Feb 16. Company shares held by the VP – Chief Administrative Off. now total 17,874.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Cummins Inc. pays an annual dividend of $6.50, resulting in a dividend yield of 2.48%, and it has a price to earnings (P/E) ratio of 51.24. CMI’s most recent ex-dividend date was 2/22/2024 when it declared a $1.68 quarterly dividend that was paid in cash on 3/7/2024. Previously, the company paid the dividend on 12/7/2023 with an ex-dividend date of 11/22/2023. The CMI stock dividend was $1.68 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CMI in the last 3 months, the mean price target is $265.47 with high estimates of $300.00 and low estimates of $237.00. In terms of 52-week highs and lows, CMI has a high of $269.70 and a low of $203.18.
As of this writing, CMI has an earnings estimate of $5.15 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $6.01 per share and a lower estimate of $4.33. The company reported an EPS of $4.59 in the last quarter, which was -1.90% lower than expectations of $4.68.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CMI’s latest balance sheet shows that the firm has $3.19B in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $7.08B in liabilities at the time. Its Book Value Per Share was $62.41, while its Total Shareholder’s Equity was $9.40B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.27.
