After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Cummins promotes five new leaders to vice president.
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Stocks Info
CMI belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Cummins Inc. is $38.10B. A total of 4.49 million shares were traded on the day, compared to an average of 1.04M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. 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 34 BUYs and 25 SELLs from insiders. Insiders purchased 57,954 shares during that period but sold 19,664.
In the most recent transaction, Fisher Daniel William bought 562 shares of CMI for 266.57 per share on Feb 27. After the transaction, the Director now owns 1,068 company shares. In a previous transaction on Feb 22, JACKSON DONALD G sold 5,080 shares at 261.72 per share. CMI shares that VP – Treasury & Tax owns now total 3,175.
Among the insiders who sold shares, Satterthwaite Tony disposed of 37,450 shares on Feb 21 at a per-share price of $265.05. This resulted in the Senior Vice President holding 73,741 shares of CMI after the transaction. In another insider transaction, Peters Luther E sold 5,225 shares at $267.60 per share on Feb 16. Company shares held by the VP – Corporate Controller now total 5,708.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cummins Inc. pays an annual dividend of $6.61, resulting in a dividend yield of 2.46%, and it has a price to earnings (P/E) ratio of 52.56. 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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CMI in the last 3 months, the mean price target is $264.87 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 $5.11 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $6.01 per share and a lower estimate of $4.28. 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
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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.
