Somewhat Positive Media Coverage Somewhat Unlikely to Affect Cummins (CMI) Stock Price

Press coverage about Cummins (NYSE:CMI) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cummins earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1171185369972 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Cummins (NYSE CMI) opened at 159.40 on Thursday. Cummins has a 12-month low of $116.03 and a 12-month high of $170.68. The stock has a market capitalization of $26.62 billion, a P/E ratio of 18.02 and a beta of 1.09. The firm’s 50-day moving average price is $163.27 and its 200 day moving average price is $154.51.

Cummins (NYSE:CMI) last released its quarterly earnings results on Tuesday, August 1st. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by $0.05. Cummins had a return on equity of 20.67% and a net margin of 8.10%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the company earned $2.40 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that Cummins will post $7.98 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.71%. This is a boost from Cummins’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Wednesday, August 16th. Cummins’s dividend payout ratio is 46.28%.

Several research firms have recently issued reports on CMI. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $159.00 price objective on shares of Cummins in a research note on Thursday, August 3rd. Stifel Nicolaus raised their price objective on Cummins from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $165.00 price objective (up from $160.00) on shares of Cummins in a research note on Wednesday, August 2nd. Deutsche Bank AG decreased their price target on Cummins from $155.00 to $147.00 and set a “sell” rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised Cummins from a “hold” rating to a “buy” rating and set a $177.00 price target for the company in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.21.

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In other news, CFO Pat Ward sold 5,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $169.00, for a total value of $845,000.00. Following the sale, the chief financial officer now directly owns 245 shares in the company, valued at $41,405. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony Satterthwaite sold 4,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $169.00, for a total value of $676,000.00. Following the completion of the sale, the insider now owns 41,902 shares in the company, valued at $7,081,438. The disclosure for this sale can be found here. Insiders have sold 59,336 shares of company stock worth $9,793,667 over the last 90 days. 0.62% of the stock is owned by insiders.

About Cummins

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a 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 and agricultural markets.

Insider Buying and Selling by Quarter for Cummins (NYSE:CMI)

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