Representative Bruce Westerman (R-Arkansas) recently sold shares of Cummins Inc. NYSE: CMI. In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cummins stock on April 21st.
Representative Bruce Westerman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of UniCredit OTCMKTS: UNCRY on 4/21/2025.
- Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Siemens Aktiengesellschaft OTCMKTS: SIEGY on 4/21/2025.
- Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 4/21/2025.
- Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
- Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 4/21/2025.
Cummins Price Performance
Shares of CMI stock traded up $2.33 during trading hours on Monday, reaching $336.81. The company's stock had a trading volume of 692,052 shares, compared to its average volume of 806,393. The firm's 50 day simple moving average is $304.17 and its 200-day simple moving average is $341.58. The company has a market capitalization of $46.40 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.19 and a beta of 1.02. Cummins Inc. has a fifty-two week low of $260.02 and a fifty-two week high of $387.90. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.
Cummins (NYSE:CMI - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $5.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $1.04. The firm had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $8.22 billion. Cummins had a return on equity of 27.12% and a net margin of 11.57%. The company's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.08 EPS. Sell-side analysts forecast that Cummins Inc. will post 22.54 earnings per share for the current year.
Cummins Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be issued a $1.82 dividend. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, May 23rd. Cummins's dividend payout ratio is presently 36.22%.
Insider Transactions at Cummins
In related news, Director John H. Stone purchased 1,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were bought at an average price of $332.08 per share, with a total value of $332,080.00. Following the acquisition, the director now owns 2,441 shares of the company's stock, valued at $810,607.28. This trade represents a 69.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on CMI. UBS Group downgraded Cummins from a "buy" rating to a "sell" rating and reduced their target price for the company from $400.00 to $240.00 in a report on Monday, April 7th. Evercore ISI cut their price objective on Cummins from $451.00 to $419.00 and set an "outperform" rating on the stock in a report on Monday. JPMorgan Chase & Co. raised their price objective on Cummins from $308.00 to $320.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Truist Financial cut their price objective on Cummins from $420.00 to $338.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird cut their price objective on Cummins from $407.00 to $315.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $352.17.
Check Out Our Latest Research Report on CMI
Hedge Funds Weigh In On Cummins
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Global Trust Asset Management LLC boosted its stake in shares of Cummins by 59.6% in the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 28 shares during the last quarter. KG&L Capital Management LLC boosted its stake in shares of Cummins by 0.8% in the 4th quarter. KG&L Capital Management LLC now owns 3,749 shares of the company's stock worth $1,296,000 after buying an additional 28 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Cummins by 0.9% in the 4th quarter. Signaturefd LLC now owns 3,313 shares of the company's stock worth $1,155,000 after buying an additional 28 shares during the last quarter. Fiduciary Trust Co boosted its stake in shares of Cummins by 1.2% in the 4th quarter. Fiduciary Trust Co now owns 2,456 shares of the company's stock worth $856,000 after buying an additional 28 shares during the last quarter. Finally, Massachusetts Wealth Management boosted its stake in shares of Cummins by 0.6% in the 4th quarter. Massachusetts Wealth Management now owns 4,812 shares of the company's stock worth $1,677,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company's stock.
About Representative Westerman
Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election.
Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.
Cummins Company Profile
(
Get Free Report)
Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.
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