Cummins Inc. reports strong earnings, beating estimates, but faces mixed institutional investor sentiment.

Cummins Inc., a major engine manufacturer, saw mixed changes in institutional holdings and a positive earnings report. Despite minor sales by some investors, overall institutional ownership remains high at 83.46%. Cummins reported earnings of $5.16 per share, beating estimates, with $8.45 billion in revenue. Analysts show varying opinions, with some upgrades and a consensus "Hold" rating, aiming for a target price of $383.08. The company has a market cap of $51.05 billion and a P/E ratio of 24.58.

5 weeks ago
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