Cummins Inc (CMI): Anant Talaulicar , VP & Ch. – Cummins India ABO of Cummins Inc sold 5,100 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $111.54 per share for a total value of $568,845.31 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Srikanth Padmanabhan (President – Engine Busines) sold 1,463 shares at $112.56 per share price.On May 18, 2016, Marya M Rose (V.P. – CAO) sold 850 shares at $115.82 per share price.Also, On Apr 19, 2016, Pat Ward (VP – Chief Financial Officer) sold 5,000 shares at $116.37 per share price.On Feb 12, 2016, Marsha L Hunt (VP-Corp. Controller) sold 300 shares at $95.36 per share price.
Cummins: On Wednesday, May 25, 2016 heightened volatility was witnessed in Cummins which led to swings in the share price. The shares opened for trading at $110.55 and hit $113.45 on the upside , eventually ending the session at $113.17, with a gain of 3.15% or 3.46 points. The heightened volatility saw the trading volume jump to 20,29,115 shares. The 52-week high of the share price is $141.94 and the company has a market cap of $19,280 M . The 52-week low of the share price is at $79.88.
Company has been under the radar of several Street Analysts.Cummins is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 112 from a previous price target of $98 .The Rating was issued on May 4, 2016.Cummins is Downgraded by Robert W. Baird to Underperform and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $96 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 21, 2016.Cummins is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Apr 18, 2016.Cummins is Reiterated by Barclays to Underweight and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $88 .The Rating was issued on Apr 13, 2016.Cummins is Downgraded by Macquarie to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 11, 2016.
Cummins Inc. is a global diesel engine manufacturer. The Company 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 electric power generation systems. It has four operating segments: Engine Distribution Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs) distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7200 dealer locations in more than 190 countries. In addition engines and engine components are manufactured by the Company’s joint ventures or independent licensees at its manufacturing plants in the United States China India South Korea Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.