On November 11, 2024, Sharon Barner, Vice President - Chief Administrative Officer of Cummins Inc (CMI, Financial), sold 2,163 shares of the company. The transaction was executed at an average price of $358.32, totaling approximately $774,991.16. Following this transaction, the insider now directly owns 20,803 shares of Cummins Inc, as detailed in the SEC Filing.
Cummins Inc, a global power leader, is a corporation of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems.
Over the past year, Sharon Barner has engaged in multiple transactions involving Cummins Inc shares, selling a total of 34,202 shares and purchasing none. This recent sale is part of a broader trend observed over the past year at Cummins Inc, where insider activity has included 3 buys and 17 sells.
Shares of Cummins Inc were trading at $358.32 on the day of the sale. The company has a market cap of approximately $48.94 billion. The price-earnings ratio stands at 23.67, which is below the industry median of 25.48 but above the historical median for the company.
The stock's valuation, according to the GF Value, is set at $297.28, indicating that at a price of $358.32, Cummins Inc is modestly overvalued with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
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.
