Is Cummins Inc. (NYSE: CMI) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CMI belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Cummins Inc. is $45.48B. A total of 0.51 million shares were traded on the day, compared to an average of 682.86K shares.

In the most recent transaction, Satterthwaite Tony sold 24,250 shares of CMI for 308.24 per share on Aug 23 ’24. After the transaction, the Senior Vice President now owns 77,442 company shares. In a previous transaction on Aug 23 ’24, LIVINGSTON LORD SATTERTHWAITE bought 24,250 shares at 308.24 per share.

Among the insiders who sold shares, Barner Sharon R disposed of 6,489 shares on Aug 21 ’24 at a per-share price of $304.77. This resulted in the VP – Chief Administrative Off. holding 20,873 shares of CMI after the transaction. In another insider transaction, SHARON BARNER bought 6,489 shares at $304.77 per share on Aug 21 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cummins Inc. pays an annual dividend of $6.86, resulting in a dividend yield of 2.07%, and it has a price to earnings (P/E) ratio of 24.05. CMI’s most recent ex-dividend date was 11/22/2024 when it declared a $1.82 quarterly dividend that was paid in cash on 12/5/2024. Previously, the company paid the dividend on 9/5/2024 with an ex-dividend date of 8/23/2024. The CMI stock dividend was $1.82 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CMI has a high of $340.82 and a low of $212.80.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CMI’s latest balance sheet shows that the firm has $3.19B in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $7.08B in liabilities at the time. Its Book Value Per Share was $69.72, while its Total Shareholder’s Equity was $9.40B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMI is Buy with a score of 3.35.

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