|Bid||182.57 x 1100|
|Ask||182.59 x 900|
|Day's Range||181.51 - 185.86|
|52 Week Range||124.40 - 186.73|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||11.35|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||5.24 (2.84%)|
|1y Target Est||177.56|
On December 10, the Board of Directors of Cummins Inc. (NYSE: CMI) authorized the Company to repurchase up to $2 billion in shares of common stock upon completion of its 2018 $2 billion share repurchase program.
The power and fuel efficiency of truck engines continue to rise as their size and weight shrink. Engines over 10 liters are projected to account for more than 85% of the Class 8 production between 2020 and 2024, according to a market analysis by ACT Research and Rhein Associates.
How far off is Cummins Inc. (NYSE:CMI) from its intrinsic value? Using the most recent financial data, we'll take a...
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
A century ago in a former warehouse in Columbus, Indiana, Clessie Cummins and William Irwin proved diesel power far exceeded its floundering early 20th century reputation. With just four workers in 1919, Cummins launched what 100 years later would be a global behemoth of more than 62,000 employees engaged in electrification, hydrogen fuel cells, power generation, data centers and, of course, diesel. In those early days, Clessie used long-distance drives on diesel power as proof points of the oil-based fuel's dependability.
Engine maker Cummins Inc. (NYSE: CMI) will lay off 2,000 workers in the first quarter of 2020, the latest impact of a trucking sector recession that is claiming jobs up and down the supply chain. "As we communicated to our employees last week, demand has deteriorated even faster than expected, and we need to adjust to reduce costs," Cummins spokesman Jon Mills said. The job cuts at Columbus, Indiana-based Cummins follow voluntary buyouts and other cost-saving moves.
Engine manufacturer Cummins Inc. is shifting more production to plants in Mexico in preparation for updated requirements in the new United States, Mexico and Canada (USMCA) trade agreement. Cummins will move some of its operations from the U.S., China, India and Brazil to Mexico, including its filters division to a facility in Ciudad Juarez near El Paso, Texas. "We're moving lines of filtration production from the U.S. to Mexico and expanding the plant in Ciudad Juárez in order to meet demand for diesel fuel injection in the Americas," Cummins Latin America Vice President Ignacio García said in an interview with El Economista.
Despite Cummins Inc.'s increasing focus on battery and fuel cell technologies, the engine maker's Chief Operating Officer Tony Satterthwaite said he believes "diesel will be the primary source of energy in commercial vehicles for many years to come." He said the company's investments in improving fuel economy and to lower emissions will continue. At its analyst gathering, Cummins also said it was launching a new Power business, which will include its existing electrification business as well as fuel cell and hydrogen production technologies. Separately, Raymond James analyst Felix Boeschen started coverage of Cummins with a market perform rating, saying despite his view that Cummins is "uniquely positioned" to capitalize on stricter global emission standards, he acknowledges the risks stemming from rising original equipment manufacturers' vertical integration and alternative powertrains. Regarding diesel: "[W]hile we believe electrification is really a question of 'when' not 'if' in some applications (frequent stop and starts), we surmise widespread adoption of [electric vehicles] in the long-haul truck market is likely decades (or further) away," Boeschen wrote in a research note. Cummins' stock, which rose 0.4% in morning trading, has run up 23% over the past three months, while the SPDR Industrial Select Sector ETF has gained 8.3% and the S&P 500 has tacked on 6.1%.
At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (CMI), a global power leader, shared the Company’s plans to generate profitable growth driven by leadership in the design, manufacture, and support of powertrain technology. “Our leadership in powertrain technology has been instrumental in driving strong returns for Cummins shareholders,” Tom Linebarger, Chairman and CEO, said at the meeting.
Cummins' (CMI) latest environmental sustainability strategy aimed at addressing climate change and air emissions, ensuring the most sustainable use of natural resources, and improving communities.
Cummins Inc. (CMI) announced today its next environmental sustainability strategy, which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change. “Our communities and our business depend on our collective response to improve the health of the planet while creating prosperity for all,” said Tom Linebarger, Cummins Inc. Chairman and CEO. The strategy, called PLANET 2050, is focused on three priority areas: addressing climate change and air emissions, using natural resources in the most sustainable way, and improving communities.
Cummins announcing new environmental sustainability strategy including carbon neutral targets
This month, the industrial sector finally blasted through a resistance zone that was impenetrable for 18 months. With the ceiling finally felled, the entire space is now basking in record highs. And that makes some industrial stocks attractive buys now.Today we'll highlight three of the best.Breakouts to all-time highs like that seen in the Industrial Sector ETF (NYSEARCA:XLI) this month are bullish phenomenons for a variety of reasons. First, it signals buyers are willing to pay a richer price than ever before, highlighting their degree of conviction. Second, every single shortseller is losing money, which created a powerful urge to buy back their losing positions. Third, there isn't an existing shareholder on the planet that is losing money. No underwater longs are waiting to get back to breakeven so they can sell.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Throw it all together, and we have a backdrop for increasing demand and decreasing supply. I've scoured the sector and found these three industrial stocks to buy that stand out from the crowd. Industrial Stocks to Buy: Caterpillar (CAT)Source: ThinkorSwim If you agree that stock prices are the best forward-looking economic indicator there is. And, if you believe that Caterpillar (NYSE:CAT) stock reflects how investors feel about global growth. Then, the mega breakout in CAT stock last month has to have you beating your bullish drums.The 18-month downtrend for Caterpillar finally ended, and the weekly chart is back into an uptrend for the first time since 2017. This week's market pause has allowed CAT to digest recent gains and begin a pullback pattern that is creating a lower-risk entry. While further weakness would be welcome, it's at a point where dipping your toe in the water could make sense.With implied volatility scraping the bottom of its one-year range, I like buying call spreads. You can purchase the Jan $145/$150 bull call for $2.30 and offers $2.70 of reward if CAT rises above $150 by expiration. UPS (UPS)Source: ThinkorSwim UPS (NYSE:UPS) tagged a 52-week high last week and has since formed a textbook bull retracement pattern. Volume patterns show many accumulation days over the past month and zero signs of distribution. Tack on the upcoming holiday shopping season and a broad market that continues to court record highs, and I see little reason why UPS stock won't keep trucking higher.Like Caterpillar, UPS options carry low implied volatility making long premium plays a cheaper bet than usual. Long calls aren't a bad way to go, but I prefer bull calls for additional leverage and higher probability. If you think UPS can run toward $130 by mid-January, then buy the Jan $125/$130 bull call spread for $1.50. * 7 Inexpensive, High-Dividend ETFs to Buy The risk is limited to the initial $1.50 cost, and the reward is $3.50. Cummins (CMI)Source: ThinkorSwim The final pick of today's trio is Cummins (NYSE:CMI), which is also forming an interesting pullback pattern. Last month's rally carried CMI stock past weekly resistance and places it within striking distance of last year's record print of $194.18. Its price behavior has mirrored that of CAT, with a price rising above 20-day, 50-day and 200-day moving averages.This week's retreat is bringing CMI closer to the 20-day average, which has been a gathering ground for dip buyers in the past. It could drop for another day or two, so wait for a break above a prior day's high before pulling the trigger.Implied volatility is running hotter for CMI than the previous two trade ideas, so I'm switching it up with a bull put idea. Sell the Dec $170/$165 bull put for around 75 cents. You will pocket the reward of 75 cents if the stock sits above $170 at expiration.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post 3 Industrial Stocks to Buy appeared first on InvestorPlace.
Cummins Inc. (CMI) announced this week that the X12+Endurant powertrain from its Integrated Power portfolio is now available for customers in regional haul applications, delivering the lightest solution to this market with industry-leading maintenance intervals. “The X12+Endurant powertrain's lightweight, yet durable design allows customers to maximize their payload for each and every job,” said Amy Boerger, Vice President – Engine Business Sales for Cummins. At just over 2,700 pounds, the X12 paired with the Eaton Cummins Endurant transmission is expected to be the lightest powertrain available for the Class 8 on-highway market.
It looks as if Wall Street believes the worse is past for industrial stocks. After a period of weakening demand, things are looking up.
While strong performance of the North American market buoys General Motors (GM) and Ford's (F) Q3 results, Tesla (TSLA) gains from rising Model 3 deliveries.