New insider activity at Cummins ( (CMI) ) has taken place on February 12, 2025.
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VP – CFO Mark Andrew Smith has made a significant transaction by selling 11,430 shares of Cummins stock, amounting to a total value of $4,281,317.
Recent Updates on CMI stock
Recent developments in Cummins’ stock include a significant acquisition and several price target updates. Cummins announced the acquisition of First Mode’s assets, enhancing its portfolio in retrofit hybrid solutions for mining and rail operations, which is expected to advance decarbonization efforts and reduce operational costs. This strategic move is likely to strengthen Cummins’ position in the sustainable energy sector. Additionally, Cummins is set to supply a large proton exchange membrane electrolyzer system for BP’s green hydrogen project in Germany, showcasing its capabilities in the renewable energy space. Price target changes were influenced by recent strong financial results and the company’s conservative outlook, which analysts believe provide room for further growth and margin expansion. Despite market uncertainties, Cummins’ consistent performance and strategic initiatives have prompted analysts to adjust their price targets, reflecting confidence in its long-term growth prospects.
More about Cummins
YTD Price Performance: 7.55%
Average Trading Volume: 721,482
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $51.01B