Company Overview - Cummins (CMI) is headquartered in Columbus and operates in the Auto-Tires-Trucks sector, with a price change of 35.68% year-to-date [3] - The company currently pays a dividend of $1.82 per share, resulting in a dividend yield of 2.24%, which is higher than the Automotive - Internal Combustion Engines industry's yield of 1.12% and the S&P 500's yield of 1.49% [3] Dividend Performance - Cummins' annualized dividend of $7.28 has increased by 12% from the previous year [4] - Over the past five years, the company has raised its dividend three times, achieving an average annual increase of 6.53% [4] - The current payout ratio is 35%, indicating that Cummins pays out 35% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2024, the Zacks Consensus Estimate projects earnings of $19.77 per share, reflecting a 0.41% increase from the previous year [5] Investment Considerations - Cummins is viewed as a compelling investment opportunity due to its strong dividend profile and solid earnings growth potential [7] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [7]

I have an actively managed investment portfolio, and I regularly trade stocks within my investing universe (or watch list) depending upon the stock's price relative to my estimate of its intrinsic value and its market I have degrees in Applied Chemistry, Accounting and an MBA. I also have completed the NYU Stern Certificate in Advanced Valuation with High Honors. I have held senior executive roles in a variety industries including glass, building materials, consumer products & rail transport.I am a full-tim ...

Cummins Inc. (NYSE: CMI ) is a compounder that's not talked about enough in GARP circles, partly due to the cyclicity of selling engines and power generation equipment. However, over the years, the company has proved itself to be a consistent performer, with steady growth I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptiona ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and invest ...

A long haul semi truck driving on a highway. RichLegg/E+ via Getty Images In investing, nothing is guaranteed. However, buying great businesses at reasonable or discounted valuations works out more often than not over the long run. Of my picks in recent months, Cummins (NYSE:CMI) provides an example of this in action. When I last covered it with a buy rating in June, I thought its recent and upcoming product launches could reinvigorate growth. The A-rated balance sheet was another positive. Finally, the val ...

Core Insights - Cummins Inc. has selected Allison Transmission's Vehicle Electrification + Environmental Test Center for testing multiple trucks equipped with Cummins' powertrains, highlighting a collaboration aimed at enhancing product development efforts [1][3]. Group 1: Facility Overview - Allison's Vehicle Electrification + Environmental Test Center is a 60,000-square-foot facility located in the Midwest, designed for year-round testing in a controlled environment [3]. - The center supports a diverse range of vehicle testing, including diesel, gasoline, natural gas, hydrogen, and battery electric systems, making it a versatile asset for OEMs and suppliers [2][4]. Group 2: Testing Capabilities - The facility's advanced testing capabilities include controlled thermal environments and dynamometer road simulations, which can replicate various duty cycles and extreme conditions, enhancing the reliability of results [4]. - By providing a secure and repeatable testing environment, the center helps reduce product development and validation timelines, allowing new technologies to reach the market more swiftly and efficiently [3][4]. Group 3: Company Background - Allison Transmission is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles, and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions [6]. - Founded in 1915 and headquartered in Indianapolis, Indiana, the company operates in over 150 countries and has regional headquarters in the Netherlands, China, and Brazil, along with manufacturing facilities in the USA, Hungary, and India [6].

Core Insights - Recent insider selling at Cummins Inc. has raised investor concerns about the company's future prospects, particularly following the sale of 4,780 shares by VP Sharon Barner at an average price of $300.35 per share [1][10] - Despite this, Cummins has shown strong year-to-date performance, with a stock increase of 26% and a 3.2% rise since the second-quarter earnings report on August 1, where earnings and revenues exceeded estimates [1][3] Company Performance and Valuation - Cummins' current price-to-earnings ratio stands at 14.23, lower than the auto sector average of 16.20 but higher than its five-year median of 12.77, indicating a Value Score of B [3] - The company has raised its full-year guidance, expecting total revenues to be down 3% to flat, with EBITDA projected between 15% and 15.5%, an improvement from previous forecasts [3] Market Outlook - The second half of 2024 is anticipated to be weaker, especially in the North American truck market, with a projected year-over-year decline of 7-12% in the heavy-duty truck market and a 5-10% decline in engine shipments for pickup trucks [4] - Distribution revenues are expected to rise by 5-10%, driven by stronger power generation markets, while Components segment revenues are projected to decline by 9-14% [5] Electrification and Investment Challenges - In the Accelera segment focused on electrification, Cummins has lowered its full-year sales guidance, expecting an operating loss of $400-$430 million due to a slower-than-expected energy transition [6] - The company is facing rising capital expenditures, with 2023 capex at $1.2 billion and expected to remain high in 2024, which may strain near-term finances [7] Long-Term Growth Prospects - Despite short-term challenges, Cummins maintains a strong long-term growth narrative due to its leadership in engine production, impressive product portfolio, and geographic diversification [8] - The company is making significant strides in electrification through partnerships aimed at boosting U.S. battery production and launching new engines [8] Shareholder Returns - Cummins has a strong commitment to returning value to shareholders, with an "A" credit rating from S&P and a history of returning nearly 50% of operating cash flow through dividends and share repurchases [9] - The company raised its dividend for the 15th consecutive year in July 2024, reinforcing its commitment to rewarding shareholders [9] Investment Recommendations - While insider selling may raise concerns, it does not necessarily indicate a lack of confidence in the company's future [10] - The Zacks average price target for Cummins is $317.08 per share, suggesting a nearly 5% upside from current levels, indicating that investors may consider retaining the stock for potential gains [11][12]

r F the II TT TI l 04 ing t i 17,000 # jetcityimage Introduction The American manufacturing industry is not in a great place - neither are the European nor the Chinese. To use the words of Wells Fargo (emphasis added): The ISM Index, a long-trusted bellwether for the manufacturing sector, sunk even deeper into contraction territory in July coming in at 46.8, a reading just spitting distance from its lowest levels of the past three years. Only two components were ahove the 50-line of demarcation between expa ...

Hydrogen energy has become a leading alternative energy source, especially with growing concerns about climate change and rising energy costs. While the developments on efficiently converting hydrogen to energy have been ongoing, we've seen companies continue to push to make this a leading energy alternative to combat carbon footprint and energy costs. As the market evolves, many investors are looking into hydrogen stocks to buy, hoping to capitalize on this emerging technology's potential for substantial g ...

● . ● | --- | --- | |-------|----------------------------------------------| | | | | | China's Rare Earth Supply Chain Control with | August 09, 2024 11:41 AM EDT | Source: Critical Minerals Institute (CMI) Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - The Critical Minerals Institute (CMI) is pleased to announce that Pat Ryan, P.Eng., Chairman & CEO, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF), will be a keynote speaker at the upcoming CMI Summit III. This two-day event, themed "The Politics o ...