The President – Distribution of Cummins (NYSE: CMI) is Selling Shares

By Carrie Williams

Today, the President – Distribution of Cummins (NYSE: CMI), Tony Satterthwaite, sold shares of CMI for $497.8K.

Following Tony Satterthwaite’s last CMI Sell transaction on March 08, 2016, the stock climbed by 38.9%. In addition to Tony Satterthwaite, 5 other CMI executives reported Sell trades in the last month.

The company has a one year high of $142.68 and a one year low of $79.88. CMI’s market cap is $23.26B and the company has a P/E ratio of 20.00. Currently, Cummins has an average volume of 1.07M.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold CMI with a $120 price target. Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $128.43, reflecting a 8.7% upside. Four different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock.

The insider sentiment on Cummins has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and related technologies, including fuel systems, controls, air handing, filtration, emission, solutions and electrical power generation systems. It operates through the following segments: Engine, Distribution, Components, and Power Generation segments. The Engine segment manufactures and markets a broad range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy- and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Distribution segment is consists of 37 company-owned and 5 joint venture distributors that service and distribute the full range of its products and services to end-users at approximately 500 locations in over 80 distribution territories. The Components segment provides supplies products which complement its engine segment, including after treatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment designs and manufactures most of the components that make up power generation systems, including controls, alternators, transfer switches and switchgear. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.