Cummins Inc (CMI): Marya M Rose , V.P. – CAO of Cummins Inc sold 850 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $114.55 per share for a total value of $97,367.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Feb 9, 2016, Anant Talaulicar (VP & President – Components) sold 3,027 shares at $142.02 per share price.On Nov 16, 2015, Leo Allen Bruno V Di (director) purchased 1,500 shares at $99.52 per share price.
Shares of Cummins (CMI) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -2.6 points or -2.27% at $111.79 with 19,16,115 shares getting traded. Post opening the session at $114.59, the shares hit an intraday low of $111.68 and an intraday high of $115.265 and the price vacillated in this range throughout the day. The company has a market cap of $19,044 M and the number of outstanding shares has been calculated to be 17,03,59,530 shares. The 52-week high of Cummins is $143.4 and the 52-week low is $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.