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Cummins Inc. reported strong earnings, despite a slight revenue drop, amidst shifting institutional ownership.
Cummins Inc., a diesel and natural gas engine manufacturer, saw several institutional investors adjust their holdings, with Conning Inc. notably reducing its shares.
Cummins reported better-than-expected earnings, with EPS of $5.16 and revenue of $8.45 billion.
Analysts have varied in their ratings, with an overall "Hold" consensus and a $383.08 target price.
Cummins' market cap is $51.05 billion.
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Cummins Inc. reportó fuertes ganancias, a pesar de una ligera caída de ingresos, en medio de cambios en la propiedad institucional.