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This is Why Cummins (CMI) is a Great Dividend Stock
ZACKS· 2024-09-17 16:46
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 ...
Cummins: A Blue-Chip Dividend Stock To Buy Now
Seeking Alpha· 2024-09-12 11:30
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 ...
Cummins Initiates Comprehensive Vehicle Testing at Allison Transmission's Vehicle Electrification + Environmental Test Center
Prnewswire· 2024-08-29 12:30
INDIANAPOLIS, Aug. 29, 2024 /PRNewswire/ -- Allison Transmission, a leader in fully automatic transmissions and electrified propulsion systems, is pleased to announce that Cummins Inc., a global power solutions leader, has chosen Allison's Vehicle Electrification + Environmental Test Center to conduct a series of tests on multiple trucks equipped with Cummins' powertrains. Allison's Vehicle Electrification + Environmental Test Center supports a wide range of vehicle testing, including diesel, gasoline, natu ...
Insider Selling at Cummins (CMI): Time to Exit the Stock?
ZACKS· 2024-08-20 14:35
Recent insider activity at Cummins Inc. (CMI) has raised questions among investors about the future direction of the stock. Sharon Barner, the company's vice president and chief administrative officer, recently sold 4,780 shares at an average price of $300.35 per share, as per a SEC filing on Aug 19. Does this signal a concern about the company's prospects and should you reevaluate your position in the stock? Cummins' Performance and Valuation Cummins has had a good run on the bourses, with the stock up 26% ...
Cummins: Dividend Strength In A Challenging Economy
Seeking Alpha· 2024-08-14 00:08
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 ...
3 Hydrogen Stocks Poised for Explosive Growth by 2025
Investor Place· 2024-08-13 11:30
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 ...
The CMI Summit III Welcomes Pat Ryan of Ucore Rare Metals as Keynote Speaker: "Breaking China's Rare Earth Supply Chain Control with Western Innovation"
Newsfile· 2024-08-09 15:41
● . ● | --- | --- | |-------|----------------------------------------------| | | | | | 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 ...
Cummins(CMI) - 2024 Q2 - Earnings Call Presentation
2024-08-01 18:39
Second Quarter 2024 Earnings Teleconference August 1, 2024 CONTENTS Q2 2024 Summary 2024 Guidance Q2 2024 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provided in this presentation that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regardin ...
Cummins (CMI) Q2 Earnings & Sales Top Estimates, Increase Y/Y
ZACKS· 2024-08-01 16:36
Cummins Inc. (CMI) reported second-quarter 2024 earnings of $5.26 per share, which increased from $5.18 per share recorded in the corresponding quarter of 2023. The bottom line also surpassed the Zacks Consensus Estimate of $4.85 per share. The outperformance was driven by higher-than-expected revenues from the Engine, Power Systems and Distribution segments. Cummins' revenues totaled $8.8 billion, compared with $8.64 billion recorded in the year-ago quarter. The top line beat the Zacks Consensus Estimate o ...
Cummins(CMI) - 2024 Q2 - Earnings Call Transcript
2024-08-01 15:41
Cummins Inc. (NYSE:CMI) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Steven Fisher - UBS Jamie Cook - Truist Securities Steve Volkmann - Jefferies Jerry Revich - Goldman Sachs Angel Castillo - Morgan Stanley David Raso - Evercore ISI Tami Zakaria - JPMorgan Tim Thein - Raymond James Noah Kaye - Oppenheimer Je ...