On August 21, 2024, Sharon Barner, Vice President - Chief Administrative Officer of Cummins Inc (CMI, Financial), executed a sale of 6,489 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 20,873 shares of Cummins Inc.
Cummins Inc is a global power leader that designs, manufactures, distributes, and services diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems.
Over the past year, the insider has sold a total of 32,039 shares and has not made any purchases. This recent transaction is part of a broader trend observed over the past year, where Cummins Inc has seen 3 insider buys and 14 insider sells.
Shares of Cummins Inc were priced at $304.77 on the day of the sale, positioning the company with a market cap of approximately $41.91 billion. The price-earnings ratio stands at 22.16, slightly above the industry median of 21.56 and the company's historical median.
The stock's valuation according to the GF Value is $294.61, leading to a price-to-GF-Value ratio of 1.03, indicating that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale could be of interest to investors tracking ownership changes and evaluating the stock's current market position and valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
