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INX:CMI, Jul 10, 06:07 UTC

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Friday, June 12


News

Two major factors that could drive the Cummins Inc share price

CMI

Shares in Cummins Inc (NYQ:CMI) are currently trading at 166.37, but a key question for investors is how much the current economic uncertainty will affect the price. The good news is that Cummins Inc scores well against some important financial and technical measures. A good F-Score suggests that the company has strong signs of quality. While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Cummins Inc is currently 8.97%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.

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  • Business
  • Financial

Tuesday, April 28


News

Cummins Inc (Ex. Cummins Engine Inc) (CMI) Q1 2020 Earnings Call Transcript

CMI

More information regarding such risks and uncertainties is available in the forward-looking disclosure statement in the slide deck and our filings with the SEC, particularly the Risk Factors section of our most recently filed annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. I want to start today by providing some initial comments on the environment in which we are operating and then move to our first quarter results. Wherever possible, our employees are now working from home. And for those frontline workers, who are keeping our plants in operation to support our customers and critical supply chains, we've introduced many additional safety measures in line with government and health authority guidelines. Taken together, these actions will save between $250 million to $300 million in 2020 and were critical in supporting our strong performance this quarter despite a 17% revenue decline.

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  • Financial

Friday, April 03


News

Cummins slashes CEO pay, cuts employee salaries on coronavirus hit

CMI

Cummins slashes CEO pay, cuts employee salaries on coronavirus hit. April 3 (Reuters) - U.S. engine maker Cummins Inc said on Friday it would cut salaries of all employees in the United States as well as its chief executive to reduce costs as the impact of the coronavirus pandemic weighs on the industry. Employees working hours will be reduced and their salary cut between 10% and 25%, while Chief Executive Tom Linebarger's would be halved, the company said. General Electric Co has said it would furlough about half its workers in its U.S. engine assembly and component manufacturing operations, while Boeing Co also outlined a plan of voluntary layoffs for employees on Thursday.

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Wednesday, February 12


News

Feb 12, 2020 - Cummins Inc (CMI) Files 10-K for the Fiscal Year Ended on December 31, 2019

CMI

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems, and others. The dividend yield of Cummins Inc stocks is 2.95%. GuruFocus rated Cummins Inc the business predictability rank of 4-star. For the last quarter Cummins Inc reported a revenue of $5.6 billion, compared with the revenue of $6.1 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $23.6 billion, a decrease of 0.8% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Cummins Inc had an average revenue growth rate of 5.4% a year. The interest coverage to the debt is at a comfortable level of 22.8.

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  • Financial

Tuesday, February 11


News

Feb 11, 2020 - Cummins Inc (CMI) Files 10-K for the Fiscal Year Ended on December 31, 2019

CMI

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems, and others. The dividend yield of Cummins Inc stocks is 2.99%. GuruFocus rated Cummins Inc the business predictability rank of 4-star. For the last quarter Cummins Inc reported a revenue of $5.6 billion, compared with the revenue of $6.1 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $23.6 billion, a decrease of 0.8% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Cummins Inc had an average revenue growth rate of 5.4% a year. The interest coverage to the debt is at a comfortable level of 22.8.

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  • Business
  • Financial

Sunday, February 02


News

Dupont Capital Management Corp Lowers Holdings in Cummins Inc. (NYSE:CMI) – Riverton Roll

CMI

Dupont Capital Management Corp trimmed its stake in Cummins Inc. (NYSE:CMI) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The company has a market cap of $24.51 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.97 and a beta of 1.14. Cummins declared that its board has initiated a share repurchase program on Tuesday, December 10th that allows the company to repurchase $2.00 billion in outstanding shares. Finally, Evercore ISI raised Cummins from an “in-line” rating to an “outperform” rating and set a $207.00 price objective on the stock in a research report on Friday, November 8th.

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  • Business
  • Financial

Thursday, January 30


News

Legacy Private Trust Co. Sells 1,623 Shares of Cummins Inc. (NYSE:CMI) – Slater Sentinel

CMI

Legacy Private Trust Co. reduced its position in shares of Cummins Inc. (NYSE:CMI) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMI. Evercore ISI upgraded shares of Cummins from an “in-line” rating to an “outperform” rating and set a $207.00 price target on the stock in a research note on Friday, November 8th. The stock has a market capitalization of $25.91 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 2.00 and a beta of 1.14.

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  • Financial

Tuesday, January 28


News

J.W. Cole Advisors Inc. Acquires Shares of 1,453 Cummins Inc. (NYSE:CMI) – Riverton Roll

CMI

Cole Advisors Inc. purchased a new stake in Cummins Inc. (NYSE:CMI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. Wells Fargo & Co raised shares of Cummins from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $180.00 to $205.00 in a report on Tuesday, January 14th. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Cummins Inc. will post 14.77 EPS for the current year. Cummins announced that its Board of Directors has initiated a share buyback program on Tuesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares.

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Sunday, January 26


News

Cummins Inc. (NYSE:CMI) Shares Sold by First Hawaiian Bank – Slater Sentinel

CMI

First Hawaiian Bank lowered its stake in Cummins Inc. (NYSE:CMI) by 50.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. Cummins announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th that permits the company to repurchase $2.00 billion in outstanding shares. Morgan Stanley raised their price objective on Cummins from $174.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th.

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  • Business
  • Financial

Wednesday, January 22


News

Winslow Evans & Crocker Inc. Trims Stock Holdings in Cummins Inc. (NYSE:CMI) – Riverton Roll

CMI

Simon Quick Advisors LLC bought a new position in Cummins during the 4th quarter worth $42,000. Assetmark Inc. lifted its holdings in shares of Cummins by 31.7% during the second quarter. Assetmark Inc. now owns 291 shares of the company’s stock worth $50,000 after buying an additional 70 shares in the last quarter. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Cummins Inc. will post 14.77 earnings per share for the current fiscal year. Cummins announced that its Board of Directors has authorized a share buyback program on Tuesday, December 10th that allows the company to buyback $2.00 billion in shares. Evercore ISI upgraded shares of Cummins from an “in-line” rating to an “outperform” rating and set a $207.00 price objective for the company in a research report on Friday, November 8th.

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  • Business
  • Financial