Cummins reported strong Q3 earnings, yet its stock fell, amid mixed analyst views and insider sales.

Cummins Inc. reported strong Q3 earnings, surpassing analysts' expectations, but its stock price fell after the report. The company's VP, Sharon Barner, sold 162 shares, reducing her stock position slightly. Institutional investors, including Victory Capital Management, have increased their stakes in Cummins. Analysts have given mixed ratings, with some upgrading their targets while others downgraded. Cummins declared a quarterly dividend of $1.82 per share, and insiders have sold a total of $8.25 million worth of stock over the last 90 days.

November 14, 2024
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