Cummins (CMI) had declared a cash dividend of $1.0250 on Feb 14, 2017. The shares will quote ex-dividend on Feb 22, 2017 and the record date has been fixed for Feb 24, 2017. Based on Feb 22, 2017 share price, the yield comes out to be 2.68%. The dividend payable date has been fixed on Mar 6, 2017.
In a different note, On Jan 19, 2017, Longbow Research said it Upgrades its rating on Cummins. The shares have been rated ‘Buy’ by the firm. On Jan 9, 2017, Barclays said it Upgrades its rating on Cummins. According to the research note, Barclays Raises the price target to $135 per share from a prior target of $108. The shares have been rated ‘Equal-Weight’ by the firm.
Cummins (CMI) shares turned negative on Wednesdays trading session with the shares closing down -1.235 points or -0.80% at a volume of 9,86,738. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $153.46. The peak price level was also seen at $153.46 while the days lowest was $151.8. Finally the shares closed at $152.25. The 52-week high of the shares is $154.67 while the 52-week low is $93.27. According to the latest information available, the market cap of the company is $25,602 M.
Cummins(CMI) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Earnings per share were $2.25.
Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, Steven M Chapman (Group Vice President) sold 3,000 shares at $145.00 per share price.Also, On Nov 30, 2016, Tony Satterthwaite (President – Distribution) sold 3,607 shares at $138.03 per share price.On Nov 30, 2016, Robert Herdman (director) sold 1,000 shares at $137.77 per share price, according to the Form-4 filing with the securities and exchange commission.
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.